Quote:
Originally Posted by OBXNana
That is correct if the owner of the property does not have the renter added to the golf cart insurance policy during the tenancy period. The renters driving record is checked before being added to the policy. This is done by the insurance company.
We also have the renter sign a paper stating if an accident occurs, when being covered under the policy, the renter is responsible for any out of pocket expenses we as owners may have. This includes, but not limited to, deductible and increase of policy cost due to the accident.
|
That is all well and good if it makes you feel better but the facts are these.
Lawyers always pursue those with the deepest pockets aka assets, the renter more than likely lives out of state or is a foreigner, the renter may have all their assets in a trust, the renter may not have any assets, the renter may be difficult to find, the renter really has no dog in this fight, he is just a renter. The insurance companies will look for any loophole so as not to accept financial responsibility. What is left is you the owner, a sitting duck for any blood sucking lawyer who will make your life a living hell and cause you many sleepless nights and maybe loss of everything you have worked for.