[l2ridehd]

The primary purpose of the LLC is golf cart rental. You have in place a rental agreement for your property and a separate rental agreement with the LLC for the golf cart. You get basic insurance for the LLC doing business renting golf carts. You designate a portion of the monthly rental as being for the golf cart.

I have seen Progressive mentioned and I did check with them. And yes they will insure a golf cart for tenants. However when I checked the fine print is was for use on a golf course and getting to and from golf course, not as they are used here.

I have 4 golf carts. Two for rental properties and two for us. All 4 are owned by the LLC. I even have a rental agreement in place for our use of our personal carts. And if sued I could lose all 4 carts as that is the assets of the LLC. Is there still some risk? Yes I am sure lawyers would argue some esoteric BS about trying to get around an insurance issue. I am not trying to hide assets, not setting up insurance fraud, just trying to use the legal entity of an LLC to protect a business. The lawyers I hired to set this up believe this will work. However any lawyer can sue anybody for anything. Doesn't mean they will win, but they can do it.

There is no perfect answer just ways to protect yourself as best as you can. And for me the LLC seems the best way. An expensive way, but the best way.