[mrdills]

I received a letter in the mail yesterday that my LSV cart insurance will be going up on my next renewal date. I had to call my insurance company, they said it would cost the same amount for my golf cart that I was paying for my cars, will I don't know if you want to hear what I told them but if wasn't good. Its just another Government law to make money on stupid things. I guess what I don't understand is that you can ride a motorcycle without a helmet or insurance its fine, but when you have to pay the same amount as a car thats not acceptable to me. I can't wait until they start enforcing the seat belt laws on regular golf carts and charging more for insurance. There is alot of holes in there thoughts but we will wait and see what happens. Has anyone else gotten a letter from there insurance company?

[pooh]

Originally Posted by mrdills

I received a letter in the mail yesterday that my LSV cart insurance will be going up on my next renewal date. I had to call my insurance company, they said it would cost the same amount for my golf cart that I was paying for my cars, will I don't know if you want to hear what I told them but if wasn't good. Its just another Government law to make money on stupid things. I guess what I don't understand is that you can ride a motorcycle without a helmet or insurance its fine, but when you have to pay the same amount as a car thats not acceptable to me. I can't wait until they start enforcing the seat belt laws on regular golf carts and charging more for insurance. There is alot of holes in there thoughts but we will wait and see what happens. Has anyone else gotten a letter from there insurance company?

Does seem a bit high, but the cart is registered and can be driven on roads where automobiles are....however not on all roads. Have you used this company for a while? Guess I'd be searching for another company. Time to get quotes from other insurance providers.

[getdul981]

When I used to ride a motorcycle, the insurance was dirt cheap. I asked the agent why that was and he told me that if I have an accident and run into something, it wouldn't do as much damage as a car would, so the insurance is cheaper. I would assume the same would be true of a golf cart, plus they don't go nearly as fast as a car, so the potential for damage is much less.

[erictarleton]

We had a similar problem and it all depends on whether the LSV can go more than 20 mph.

If it does not change your broker. We got two Allstate brokers one of whom treated our <20mph LSV as a car and another who treated it as a golf cart. Guess who we went with!

Eric

[EdV]

In this thread of a year ago tomberlin I warned you that your LSV insurance was going to take a big jump, but you chose to ignore it. Here's what I told you back then:

"Well Mrdills, I called the State Farm agency phone number that you pm’d to me and spoke with an agent named Brenda. She said the Florida insurance laws were changed recently and they can no longer issue those low cost 1 year LSV policies like they used to. Registered LSV’s must now be insured with regular vehicle 6 month polices and at a much higher rate.

When your existing policy comes up for renewal, you’ll be getting a regular vehicle 6 month policy and you can probably figure on around $400 per year for basic coverage.

She also suggested that you call your agent for an update. "

[spk7951]

I recently played golf with a couple who have an LSV and they said their new policy was around $600 per year. That is almost what it costs for my car.

[mrdills]

All LSV's insurance will go up that includes Gem carts also.

[collie1228]

Our nanny government is helping us again. Nice tax break - not so nice fallout from the insurance companies.

[bimmertl]

Originally Posted by collie1228

Our nanny government is helping us again. Nice tax break - not so nice fallout from the insurance companies.

It's the Florida Financial Responsibility laws. Being street legal means you have to be registered and subject to the FR law which requires you purchase PIP (Personal Injury Coverage) for the vehicle. Minimum PIP is 10K in medical coverage on the vehicle in addition to the standard liability coverages.

There are multiple PIP packages some of which include a wage loss component. So if you are retired and have other available medical coverage, make sure you get the minimum amount of coverage required. (10K in meds, no wage loss component) Even if you have other available medical coverage available you still have to buy the PIP coverage. It's a ridiculous requirement.

[JimJoe]

How is home insurance lately in TV? I heard awhile back that it was raised, and recently again some premiums saw a bigger increase than usual. How does it compare to the north?
JJ

[DENNIS G]

If your cart or LSV isn't properly documented and you are involved in an accident, your insurance may refuse to pay. LSV is defined as an electric vehicle whose speed is 20+ mph and meets other state requirements are required to be registered and ALL DRIVERS must have a VALID DRIVER LICENSE. If you are registered and have a plate, the insurance must be a vehicle type policy $$$$. Policies that are for 19.6 mph or less are recreation types $.

[jebartle]

Originally Posted by mrdills

I received a letter in the mail yesterday that my LSV cart insurance will be going up on my next renewal date. I had to call my insurance company, they said it would cost the same amount for my golf cart that I was paying for my cars, will I don't know if you want to hear what I told them but if wasn't good. Its just another Government law to make money on stupid things. I guess what I don't understand is that you can ride a motorcycle without a helmet or insurance its fine, but when you have to pay the same amount as a car thats not acceptable to me. I can't wait until they start enforcing the seat belt laws on regular golf carts and charging more for insurance. There is alot of holes in there thoughts but we will wait and see what happens. Has anyone else gotten a letter from there insurance company?

We have Safeco and insurance on our street legal is $101/yr and we just renewed....They didn't say anything about an increase.

[downeaster]

Originally Posted by jebartle

We have Safeco and insurance on our street legal is $101/yr and we just renewed....They didn't say anything about an increase.

Does your insurer know it is street legal? Is it registered?

$101.00 per year seems low for an LSV. The insurer may think they are insuring a golf cart.

If it were me, I would clarify this with the insurer. If you have an accident and find it is insured as a golf cart the insurer may have the right to deny the claim.

[jebartle]

Originally Posted by downeaster

Does your insurer know it is street legal? Is it registered?

$101.00 per year seems low for an LSV. The insurer may think they are insuring a golf cart.

If it were me, I would clarify this with the insurer. If you have an accident and find it is insured as a golf cart the insurer may have the right to deny the claim.

Yes, on both questions...We were VERY specific that this WAS a street legal cart and we have registered cart..

[EdV]

I’m sorry to tell you that your agent is making a big mistake and in the end it could cost you tens of thousands of dollars.

Take a close look at the policy you receive and answer these questions:

1. Does the title of the policy say ‘Off Road Vehicle Insurance’? If it does, it’s the WRONG policy.
2. Does the policy have a section with coverage for ‘Personal Injury Protection (PIP)? If there is no coverage for this, it’s the WRONG policy.
3. Is the term of the policy 1 year? If it is, it’s the WRONG policy because regular motor vehicle policies in Florida (including LSV’s) are for 6 months only.

And remember that regardless of what some mindless clerk in your agent’s office told you, it’s your responsibility to review the policy and understand the basic terms and conditions of it. Unfortunately, few people bother to even glance at their insurance policies, let alone try to understand it.