[Indydealmaker]

Originally Posted by ijusluvit

There are some threads about this subject here written last Spring, when all insurance companies operating in our area announced that they would no longer insure rental carts for liability or property damage. This included carts rented by individuals and companies, including The Villages. As far as I know, this is still the case, except for Allstate, which worked out a deal with their home office to insure single cart owners who rent their homes to allow guests to use their carts, under specific conditions. Otherwise, no individual or company renting carts, including The Villages, is itself protected against liability claims, nor are folks who rent their carts. Maybe TV is not too concerned about this because they are big enough to self insure, but the smaller rental companies are fully exposed, as are their customers who rent carts. The reason why folks who rent carts are exposed is that all insurance policies they carry, including umbrella liability, will not kick in until a basic insurance policy is exhausted. And no basic policy exists.

I would love to be shown I am now wrong about this, but I think anyone who calls any cart rental company and asks pointedly about insurance, will discover insurance is not available.

I would hope you were wrong also. Otherwise it means that some very foolish businessmen operate in this area. Without such liability coverage to protect them, these businesses cannot even borrow money from a bank to buy new equipment. The only protection from personal financial destruction is their corporation and piercing the corporate shell is pretty straight forward.