Quote:
Originally Posted by jasonmiller888
Most home owners renting the golf cart with the house are not aware their policy does not cover renters. One agent said they will check renter's license and just add to our policy. This is NOT true. The renters are not covered because it is a commercial transaction. Ask your agent in writing to say that your renters are covered. Please let us know if you know of any agent can provide the policy to cover your renters.
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We were told by our Insurance Agent, we could not advertise the house as having a cart and charge for the use of the cart. If we charge for the renter to use the cart, it becomes a commercial vehicle. If the cart is part of the rental fee, the renter is added to the Declaration page of the policy, and is classified personal use.
Rentals appear to be better if a golf cart is provided for the guests use. The cost for an Attorney is reasonable to draw up a contract for the renter to sign they are liable for out of pocket expenses. The additional rental income will exceed the cost of the document fee.