Quote:
Originally Posted by bimmertl
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.
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The renter is not covered. You are correct. But by forming an LLC the owner of the cart can only be sued for the amount of the business and not his life savings. No matter what renters are not covered. If you rent a golf cart from The Villages, I don't think you have insurance, either...
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