Your Guide to Debt and BankruptcyYour Guide to Debt and Bankruptcy

About Me

Your Guide to Debt and Bankruptcy

About 10 years ago, I secured my dream job with one of the largest corporations in the country. The job came with a substantial increase in pay and I soon looked for a large house for my family. After living the life I dreamed of, I was let go from my current position. I had a large amount of savings, but the economy took a turn for the worse and savings were quickly drained. I soon became stressed about finances. I could not pay the mortgage and bill collectors started to call my house. I refused to be defeated though, so I met with a bankruptcy attorney instead. I live a much simpler life now with my family, and I want you to know that financial stress does not have to affect you for years. Read my blog to learn about bankruptcy, debt laws, and how to hire an attorney.

Do You Have A Pool, Trampoline, Or Playground Equipment? Why A Liability Waiver Is A Must

If you have a trampoline, pool or a piece of playground equipment in your yard and you worry about other kids in the neighborhood getting hurt, you may want to have their parents sign a waiver. That may seem like an extreme thing to do, but you want to protect yourself from liability and the financial burdens an accident can cause.

You don't know what the child is going to do while they play and how they may accidentally get hurt. The waiver is going to help you feel more comfortable about having the kids play. And the parents already know you aren't liable. Here are few reasons to consider a liability waiver.

Eliminate a Lawsuit

Having the families that are going to be playing on your property and using the equipment sign a waiver prevents them from claiming they didn't know the equipment was there. It also forces them to agree that they aren't going to come after you if their child gets injured on your property. The waiver is going to let them know they are playing at their own risk on your property.   

Prevent Home Insurance Increases

Homeowner's insurance companies will be glad to hear that you are making people sign a waiver to use the items on your property, since this reduces the chances of your needing to make a claim on your policy. Send your provider a copy of the waiver and see if you can get a discount, and ask about other potential discounts associated with protecting your property.

Protect Yourself

Not only can a lawsuit drain you financially, but court hearings and other things can end up in the public papers. Letting people know that you aren't liable for their children can prevent social and financial problems in the future.

There are many different security features that you can have added to equipment around your home, like a net for a trampoline or an alarm system for a pool, but accidents still happen. You don't want end up paying the medical bills because a child fell off a swing at your house and had to be taken by the ambulance to the hospital to get stitches. Talk with a civil lawyer about what you need to have included in the document, and find a safe place to keep all of the waivers in your home. To talk to an attorney about this civil law issue, conduct an online search or ask your friends and family for referrals.