Golf Cart Insurance?

[Biker B]

While buying my homeowners policy from The Villages Insurance they asked me if I wanted to buy a policy for my golf cart. Do most people carry this policy, I never heard of it. What is the cost?

[villages07]

Biker,

I don't know the percentage of owners who carry golf cart insurance, but, certainly a number of them do. It covers liability, collision damage, theft. Premiums are anywhere from $50 to $100 per year. You might be able to bundle it with your homeowners or elect to have a separate policy for it. Bundling might save you a few $$ but any claim for golf cart issues could affect your future homeowner's premiums.

[conn8757]

It is very economical (as 07 said) and just like an auto policy - covers you if you hit another cart or a person or if you are hit. I haven't seen any accidents but have heard on this forum there have been many -

[golf2140]

I am insured through Allstate. They have a separate policy (specialty vehicle). I have been told not to have the policy bundled onto my home owners. The policy I have is just another vehicle policy, but cheaper. Good luck and drive safe.

[marianne237]

There's just too many idiots out there driving as if they own the paths. Accidents do happen. Insurance in this case is cheap. Been there.

[dfn8tly]

My golf cart coverage is with Forermost and costs $68/yr. Bundling with you homeowners insurance is not recommended. If you have a minor claim with your golf cart it could result in significantly higher homeowners premiums.

[Biker B]

I got my quote today from The Villages Insurance for my golf cart, 1 year $253.00. I feel this is alot of money for a part time resident. Can anyone tell me if this quote is average.

[conn8757]

My insurance is with Foremost and for 2 carts (one a 2010 and one a 2005) is less than $100. a year. I went through Village Insurance Agency. We are fulltime residents with no tickets, no accidents.

[spk7951]

I got my quote today from The Villages Insurance for my golf cart, 1 year $253.00. I feel this is alot of money for a part time resident. Can anyone tell me if this quote is average.

Sounds high to me but it depends on the coverages being quoted. We went with Progressive and added roadside service for both of our carts. That was around $225 for both. We have since added uninsured motorist coverage after being hit by a mini-van earlier this year. Luckily he had insurance but better safe than sorry.

[Barefoot]

I got my quote today from The Villages Insurance for my golf cart, 1 year $253.00. I feel this is alot of money for a part time resident. Can anyone tell me if this quote is average.

This seems high unless your golf cart is made of gold. (Or perhaps it is a street rod?)

We have golf cart insurance with Allstate for our Columbia Par Car, and our homeowner's company recommended them. Allstate seems to specialize in golf cart insurance. I think most people pay $50 to $100 per year depending on how much their cart is worth.

[jtdraig]

I have a regular yamaha golf cart seats two people. I went to Villages Insurance and I have a nice policy for $60.00 per year:

$100/300 liability
$100 K accidednt
$5K medical
$250 deductible for collision loss

You should not bundle with your homeowners's insurance.
:beer3:

[The Great Fumar]

I have my home insured through the villages insurance agency and I add on my golf cart for 50 bucks a year for pl-pd..........seems cheap to me and its all I need.........

[Biker B]

Can you believe this, I just spoke with my insurance agent to question the price they quoted from Foremost and was told that my inexperience driving a golf cart was the reason for the $253.00!

[EdV]

I would like to address this golf cart insurance issue directly because I think it may be misunderstood and in many cases may be leaving some of you in a vulnerable situation. I’m not a insurance agent, but I take insurance seriously because I just don’t want to be in a situation where I’ll potentially lose everything I’ve worked for over so many years to a shrewd lawyer in a liability case.

Here’s the deal as I understand it. Feel free to jump in and correct me if I’m wrong.

All of you carry home owners insurance. And on that policy is coverage called “Personal Liability”. In my case it’s actually $500,000 and costs a paltry $21/year. This means that if anyone is injured or dies on my property somehow because of my negligence, my insurance company will pay up to that amount to settle the claim. It’s only $21/year and a huge amount of coverage because these types of claims are actually few and far between. But most importantly, understand that the injury/death must occur within the insured property. If you somehow cause injury/death to someone outside your property, it’s not covered. You’re on your own!

That said, it seems to me that some of you seem to be more interested in making sure that your golf cart is insured for damages to it rather than the liability you may be faced with in an accident. With 35,000 residents buzzing around on carts weighing 1500 pounds without seatbelts and reckless grandparents with children behind the wheel and on their laps, someone’s going to get hurt real bad and someone else is going to have to pay, probably you.

So I would appreciate it if those of you who have reported here that you only pay $50 or so a year for golf cart coverage, to actually look at the policy and let us know how much liability coverage it would provide if you and your golf cart cause personal injury to others.

I am sincere about this request.

Ed

[bimmertl]

I would like to address this golf cart insurance issue directly because I think it may be misunderstood and in many cases may be leaving some of you in a vulnerable situation. I’m not a insurance agent, but I take insurance seriously because I just don’t want to be in a situation where I’ll potentially lose everything I’ve worked for over so many years to a shrewd lawyer in a liability case.

Here’s the deal as I understand it. Feel free to jump in and correct me if I’m wrong.

All of you carry home owners insurance. And on that policy is coverage called “Personal Liability”. In my case it’s actually $500,000 and costs a paltry $21/year. This means that if anyone is injured or dies on my property somehow because of my negligence, my insurance company will pay up to that amount to settle the claim. It’s only $21/year and a huge amount of coverage because these types of claims are actually few and far between. But most importantly, understand that the injury/death must occur within the insured property. If you somehow cause injury/death to someone outside your property, it’s not covered. You’re on your own!

That said, it seems to me that some of you seem to be more interested in making sure that your golf cart is insured for damages to it rather than the liability you may be faced with in an accident. With 35,000 residents buzzing around on carts weighing 1500 pounds without seatbelts and reckless grandparents with children behind the wheel and on their laps, someone’s going to get hurt real bad and someone else is going to have to pay, probably you.

So I would appreciate it if those of you who have reported here that you only pay $50 or so a year for golf cart coverage, to actually look at the policy and let us know how much liability coverage it would provide if you and your golf cart cause personal injury to others.

I am sincere about this request.

Ed

Your HO policy won't pay for any loss caused by a motor vehicle. Golf carts are typically insured under the HO policy "while used for golfing purposes" only. So if you back out of your garage and run over your neighbor in your driveway while you are heading to Publix, the HO policy won't provide coverage, just as it woulnd't if you ran over the same person with your car on your property.

I have a policy with State Farm and the golf cart is the described insured vehicle on the policy. It contains bodily injury liability limits of $250,000 per person, $500,000 per occurence and $100,000 property damage liability limits. Those coverages only cost $15.12 per year.

Uninsured/underinsured coverage with limits matching the liability limits cost $36.12, $250 deductible physical damage on the 2006 Yamaha cart cost $50.22 and 5K in medical coverage costs another 14.10. Total premium for one year is $115.56.

The reason I have the 250/500K limits is that these limits are required in order to have a personal liability umbrella policy which provides $1,000,000 in liability coverage in excess of the liability coverage on my HO policy, auto policy and golf cart policy. The umbrella policy requires what's called minimum underlying limits to be maintained on all your underlying policies. With SF, it's the 250/500k amount.

If any of you have any substantial assets that need to be protected, it's best to have the agent sell you an umbrella liability policy and then insure all your vehicles, golf cart, and home for whatever the umbrella requires as underlying limits.

So no matter what company you are with, ask about a personal liability umbrella policy and insure yourself in accordance with the requirements if you feel you need that policy. And be sure to get adequate uninsured and underinsured coverage also. It protects you from uninsured drivers and the underinsured portion protects you from the people driving around with only the minimum $10,000 liability limits.

[villages07]

BikerB...

That would be hilarious if it wasn't so expensive. I recently switched from bundled Homeowners/Golf cart with Travelers to HO with ASI and golf cart with Foremost. My golf cart with Foremost is $68/year with $300K liability and other coverages mentioned by an earlier poster. I do remember them asking how long I had been driving a golf cart....since I did not play golf prior to life in TV, I said 3 years. I guess that makes a difference.

You might want to try Allstate instead. I think they write a good policy for something closer to $75/year and I don't believe GC experience comes into play.

You should not be paying $200+ for basic golf cart insurance...that is ridiculous.

[ronsgc]

My friend received a quote from Progressive insurance for $70 per year on his new Tomberlin LSV. He also got the $4200+ tax credit when he bought it.

[Army Guy]

Got mine with USAA as we have everything with them. It was recommended, to cover the replacement and injury costs.

Army Guy

[784caroline]

Army Guy..I also have everything with USAA but USAA wanted to rate my Golf Cart like a car and was going to charge me close to $300 for 6 months. I got it from Village INsurance for something like $60 per year.

But Again as we discussed before about home owners insurance, YOu are with USAA general insurance not USAA the primary company..even though you deal with USAA customer service and USAA claims agents. The ratings are different with a General Company such as ASI. Since I am eligible for USAA insurance directly they will not even quote or discuss a policy with me that would be underwritten by ASI or another general policy underwritter....and If I try and call ASI directly they have a Non-compete clause with USAA and will not quote me a price directly.

[Army Guy]

I agree, that is what I have never understood about insurance, nothing makes sense!

Army Guy

[GatorFan]

Averages $5.00 month includes Liability/Property damage 100/300/100, Guest passenger liability 100/300, Comprehensive and Collision 100.00 ded and $1000 accessory coverage. Other optional coverage's available if desired.

[Biker B]

Thanks everyone for your posts I called Allstate and got a quote for $70 per year.

[Golferosh]

Does anyone know if/how insurance companies distinguish between LSV's and golf carts? Driving on the street is at least somewhat more dangerous than driving primarily on multimodal paths and I would guess that insurance companies would use any reason they could find to increase premiums.

[Quixote]

I spent my vacation with my friend who lives in the Villages and asked about the golf cart. She told me that she as Allstate and it is about $60 a year and that the reason she has Allstate is that its the only company that give her a policy that insures the golf cart no matter who is driving it. So she could let me or even strangers if she rents her house drive it and it would be covered.