Quote:
Originally Posted by dhdallas
Insurance agents are very good at scare tactics & isolated worse case scenarios. The insurance industry is synonymous with the gambling industry.
Here's how this works:
The insurance company makes a bet with you that you will not have an incident with your golf cart within the next year. You give them your money to hold while betting them that you will have an incident within a year. Then at the end of that year you make the same bet again...and again...and again...and so on. Just as in the gambling industry, the house (or insurance company) will always consistently win. Golf cart insurance...it's a sucker's bet!
My Disclaimer
Of course if you are like a number of TV residents who frequently drink & drive, like to speed, run stop signs, are impatient or inattentive, can't see or hear well, or are a bit confused, then that might tilt the odds in your favor.
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When I first came to TV to rent for the winter season I felt fortunate to find a rental with golf cart included. However, after reading the contract and discussing with my insurance company, I learned that I would not be covered for any liability claim, should one arise. And, I could find no avenue for getting insurance for a rental cart. The companies renting wouldn't cover it, and my insurance company wouldn't cover a cart I didn't own.
I wound up buying my own golf cart even before DW and I had decided on buying a home here. While I was figuring all of this out, I was driving the rental cart, coming through a tunnel, and as I exited the tunnel, bordered by shrubbery, out of the shrubbery came a runner. Fortunately I had come to a complete stop, and he had time to avoid running into my cart (which was not moving).
As I reflected upon the near-collision later, I decided that even careful drivers (I've been driving cars for 54 years, no accidents, and not one moving violation in that time) can be involved in an accident, either by making a mistake (we all make mistakes) or someone else making a mistake.
Once there is an accident, it can easily become a "he said, she said" scenario. I worked a long time to accumulate enough assets to live a nice retirement. For a hundred, or two-hundred dollars a year, I'll take the "sucker's bet", and create one more layer of protection between an accident and my assets.