Quote:
Originally Posted by l2ridehd
Form an LLC and transfer ownership of your cart to the LLC. Get a high dollar umbrella and you should be OK as a landlord.
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The umbrella is purely an excess policy so it only apples after the primary policy on the cart is "used up". It doesn't drop down to first dollar coverage.
So if your primary cart policy doesn't apply, umbrella won't do you any good.
You are confusing cart ownership with cart insurance coverage. The standard exclusions still apply regardless of how the cart is titled or owned. If it's owned by a corporation and rented to others there still isn't any coverage. Creative ownership doesn't change the basic insurance policy conditions.