Bill Gates may be one of the richest men in the world (second only to Amazon CEO Jeff Bezos, as of the latest figures), but that doesn’t mean the Microsoft founder is an all-work, no-fun kinda guy. Want proof? His home has a trampoline room. Yup, an entire room of trampolines.
Bill Gates? Bouncing on a trampoline? Color us surprised!
This bizarre factoid hit the internet recently thanks to a recent “Ask Me Anything” session on Reddit, when one user asked the billionaire, “What’s the most ‘treat yo self’ rich guy thing that you do?”
That’s when Gates revealed that his $127 million mansion in Medina, WA, has a room full of trampolines, adding that it “seems kind of over the top, but my kids love using it to work off their excess energy.” One has to wager that Gates jumps into the fray every once in a while, right?
Yet as fun as a trampoline room sounds, it raises plenty of questions and concerns, too. Like: What happens if someone gets hurt? Do home insurance plans typically cover trampoline rooms? Here’s what to know about Gates’ trampoline room, and whether his big splurge could be a big nightmare.
Does Bill Gates need additional insurance for his trampoline room?
Since most standard home insurance policies don’t cover trampolines, Gates should look into additional insurance if he hasn’t already—just in case.
“Trampolines are only covered under specific circumstances,” says Fabio Faschi, property and casualty lead at Policygenius, an online insurance broker. “Like a pool, insurance companies classify a trampoline as an ‘attractive nuisance,’ which essentially means they regard the trampoline as a liability exposure just waiting to claim a victim.”
As it turns out, it should be pretty easy for Gates to expand his coverage, and it doesn’t matter whether the trampoline is inside or outside his home.
“The liability of a trampoline room would not be any different than having a trampoline outside the home,” say Esther Eddy, a real estate agent with Dream Home Experience, in Franklin, TN.
The only catch? The insurance company may require Gates to follow specific safety regulations for the trampoline room, such as installing a safety net around it, according to Faschi.
What kind of upkeep does a trampoline room require?
Since Gates’ trampoline room is inside his home, this means he doesn’t have to worry about the hassle of maintaining an outdoor trampoline, like covering it up during the winter and removing any snow buildup.
Still, the billionaire (or rather, one of what we assume are his many house minions) should be doing regular maintenance to keep everything safe.
“If I were building it, I’d add padded walls like the ones at the trampoline parks,” says Christopher Totaro, a New York City–based real estate agent with Warburg Realty. “Checking regularly for tears and that the springs are well-fastened would also be a must.”
Totaro suggests checking the springs and for tears every six months and to pay close attention to higher intensity areas, such as the middle, where the trampoline will wear more quickly.
Odds are, Gates has all these things covered, but better safe than sorry—particularly since any injuries here could lead to a bajillion-dollar lawsuit.