Quote:
Originally Posted by BlueStarAirlines
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.
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I agree. There have been other threads on this topic. Lawyers have said that there is no effective way for a property owner to cover their liability for an accident caused by a renter using a golf cart. The personal liability coverage in your auto or homeowner's policy may extend to a non-paying friend or relative, but not to a renter with a lease, regardless of how the lease is worded.