[Kirsten Lee]

A year ago there was a thread saying that in 2016 there might be insurance available for people who rent out their house with a golf cart. Does anyone know of an insurance company that sells insurance for this purpose? As always thanks to the wealth of knowledge on TOTV.

[Opmoochler]

There was an insert in the paper this morning saying they're still working on it and to please be patient.

[Fred R]

I was asked to take part in a survey well over a year ago about this issue and nothings has been heard from since then. How long would it take. Jeez.

[Villageswimmer]

Our insurance company, State Farm, states that they will not cover renters under any circumstances. This exposes landlords to serious liability. Check with your own insurance carrier and if they say renters are covered, get it in writing.

[asianthree]

I would think the first company that comes up with a new policy many will use that insurance for their golf carts. It's not just renters it's when your parents, your siblings, your children visit and drive your golf cart.

[Two Bills]

My wife and I are winter renters, and our landlord does not supply insurance cover on golf cart.
Our medical and public liability insurance is covered by our credit card supplier, and it is a very good deal regarding the medical cover for two people.
I checked with them about golf cart cover after reading the article about cart insurance on TOTV.
They agreed to cover me regarding public liability, providing we did not use golf cart on a public road, but we were covered on cart paths and golf courses.
We can't leave the house, without going on a public road?????

We just use the car.(rental, no cart cover) Gas is cheap.

[l2ridehd]

Form an LLC and transfer ownership of your cart to the LLC. Get a high dollar umbrella and you should be OK as a landlord.

[Sandtrap328]

Originally Posted by l2ridehd

Form an LLC and transfer ownership of your cart to the LLC. Get a high dollar umbrella and you should be OK as a landlord.

Definitely speak BOTH to an attorney AND your insurance company before doing that. Insurance companies have seen all types of tricks. They have more lawyers than you can imagine!

[JoMar]

Originally Posted by asianthree

I would think the first company that comes up with a new policy many will use that insurance for their golf carts. It's not just renters it's when your parents, your siblings, your children visit and drive your golf cart.

I have insurance through the Villages insurance and the policy covers anyone that has my permission when they use the cart. We have friends and family visiting plus neighbors use our cart when they need a spare. We live here, don't rent so it's a bit off subject....bottom line is make sure you have a reputable insurance company and talk to them directly.

[Fraugoofy]

Originally Posted by Sandtrap328

Definitely speak BOTH to an attorney AND your insurance company before doing that. Insurance companies have seen all types of tricks. They have more lawyers than you can imagine!

Mclin and Burnsid helped us create our LLC. Couldn't have been happier!

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[karostay]

Originally Posted by l2ridehd

Form an LLC and transfer ownership of your cart to the LLC. Get a high dollar umbrella and you should be OK as a landlord.

How do you show ownership of a cart in an LLC when no title is involved?

[Fraugoofy]

Originally Posted by karostay

How do you show ownership of a cart in an LLC when no title is involved?

Use your cart serial number and register it under your company name.

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[bimmertl]

Originally Posted by l2ridehd

Form an LLC and transfer ownership of your cart to the LLC. Get a high dollar umbrella and you should be OK as a landlord.

The umbrella is purely an excess policy so it only apples after the primary policy on the cart is "used up". It doesn't drop down to first dollar coverage.

So if your primary cart policy doesn't apply, umbrella won't do you any good.

You are confusing cart ownership with cart insurance coverage. The standard exclusions still apply regardless of how the cart is titled or owned. If it's owned by a corporation and rented to others there still isn't any coverage. Creative ownership doesn't change the basic insurance policy conditions.

[karostay]

Perhaps someone with insurance or legal knowledge could enlighten us on this question.
What if a renter was to provide a golf cart?..Providing occupant has to secure and show proof of their own coverage.
Guess what I'm saying would insurance companies write a separate policy in the occupant's name ?

[Fraugoofy]

Originally Posted by bimmertl

The umbrella is purely an excess policy so it only apples after the primary policy on the cart is "used up". It doesn't drop down to first dollar coverage.

So if your primary cart policy doesn't apply, umbrella won't do you any good.

You are confusing cart ownership with cart insurance coverage. The standard exclusions still apply regardless of how the cart is titled or owned. If it's owned by a corporation and rented to others there still isn't any coverage. Creative ownership doesn't change the basic insurance policy conditions.

The renter is not covered. You are correct. But by forming an LLC the owner of the cart can only be sued for the amount of the business and not his life savings. No matter what renters are not covered. If you rent a golf cart from The Villages, I don't think you have insurance, either...

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