Quote:
Originally Posted by bimmertl
In order to buy an insurance policy, you must have an insurable interest in the car, cart or whatever. How would you explain to your insurance company that the policy you have, actually insures a cart owned by somebody else? "My friend just got in a wreck in his golf cart and it's insured by me"? That won't work.
|
I assumed (bad idea I know), that it obviously would be incumbent on the person leasing to provide the insurance (and proof of such)...before the lease was valid. Not that you would be carrying the insurance on it.
Having never leased a vehicle myself, I once again 'assumed' that the lessee has to show proof of insurance to the dealership...before they could take possession. The landlord might even be able to discuss this with their own insurance company and have the documents and premium price ahead of time.
And yes, I realize that this may be convoluted, a pain in the arse... and I'm not even sure if it is feasible.
I simply suggested a method by which maybe a landlord could let their renters use their cart (now technically the renters cart)...while still being legally protected.
So call me crazy, but I hardly think it would hurt...to at least look into it.
If it's possible, it would sure beat being hung out legally...and all the financial grief that would cause.