Quote:
Originally Posted by DrMack
We rented out our 2,000 square foot designer in Dabney for 3,000 a month, but it doesn’t have a pool yet. They have been permitted to use the cart and I think our Umbrella covers everything.
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Unless you have one heck of a special umbrella policy, it definitely does not cover renting out your home or covering the rental of your golf cart. You are opening yourself to a devastating liability. Check your insurance and verify it covers the rental of your house and golf cart (hint: it doesn't) and ask yourself if the taxed income you are receiving is worth the risk.
If you are a renter, these are the kind of folks you want to rent from. No idea of what their insurance covers and if injured they have a lot of personal exposure.