[mrf6969]

Contact The Villages Insurance and they will tell you Foremost now covers golf carts for tenants in rental properties. I have this special plan now on our rental property.
Always wise to also have an large umbrella policy when you have rental property.
We in the past had it under a LLC but in talking to lawyers they say LLC's can be easily pierced in a court of law.
One can never have enough protection.

[mrf6969]

Originally Posted by retiredguy123

Was it just a phone call to an agent? Did they put it in writing? I don't see how a homeowners or umbrella policy would cover a liability that is in no way related to your house, especially if you are driving the cart on public roads.

An Umbrella policy only comes into effect once all other insurances you have are exhausted. Umbrella policies cover everything you own, Home, Autos, Golf Carts, Boats etc. Your loss on a claim would have to be very catastrophic to use the Umbrella.

[charmed59]

Foremost covers all of our golf carts, even those we have in our rentals. You do need to assign each cart to an address where it will usually will be housed, and which of those are rentals.

They have been great, even when renters have gotten into an accident. I highly recommend Foremost.

[Waltdisney4life]

Not one comment was based on the fact of an actual legal preceding, brought on by an event.
Just a bunch of opinions.

[JudyLife]

Yes. We rent our villa with our cart. Last year we were with Foremost & this year we went with Progressive as they also began offering insurance for ‘permissive use of golf cart’ as advised by the agent we use at Villages Insurance. No problem.

[ron32162]

Rental insurance for Golf Carts for the year is less than 100.00 a year. Mine is insured thru Esurance. there are a few companies that insure golf carts for rentals. Make sure your home is insured for renters also, its only about a 50.00 a year increase in premium to let your Home policy cover renters.

[TerSul]

I used to include a golf cart with my rental, but getting insurance for it was such a problem that I stopped providing the cart. There are several cart rental places available in the area. It is then the renter's choice whether or not to rent an electric cart or a gas cart. it works for me.

[lpkruege1]

I had a rental unit until this past fall, I included a golf cart with the rental. The Villages Insurance connected me with Foremost Insurance. They do cover renters. I think there are several good Ideas with a liability waiver too.

[KRM0614]

Originally Posted by Bjeanj

The only *possible* company that I know of might be Foremost Insurance.

Foremost is insurance with the villages. If you contact anyone who has that coverage it is cheaper. All services thru the villages is crazy high and you can get better coverage

[Harleyman]

Originally Posted by jbrown132

That is incorrect. Last year I went to Arizona for a few weeks and rented a home with a golf cart. I contacted my insurance company and they said as long as the cart was no registered as a street vehicle any liability would be covered under my homeowners and umbrella policies.

You should read your policy. The homeowners might cover you on a golf course, but not off the course. If you read the liability section of your policy it is very clearly stated.

[starman215]

Diamond Angel.. If you want to be certain and sure on this issue, speak to your homeowners insurance agent. Let them know your plan and have them adivse you as to where your liability lies.. If you have golf cart insurance, also speak to them and have them confirm if the coverage will follow the renter and will the coverage be for medidal payments, property damage, cart repairs, etc.. This is a tricky situation and many folks are going to offer advice. Why would you even want to take the advice of non invested strangers on this kind of personal liability issue.

[retiredguy123]

Originally Posted by mrf6969

An Umbrella policy only comes into effect once all other insurances you have are exhausted. Umbrella policies cover everything you own, Home, Autos, Golf Carts, Boats etc. Your loss on a claim would have to be very catastrophic to use the Umbrella.

Maybe there are different types of umbrella policies. But, the only ones I have ever been offered will only increase the limits of liability for the homeowners and auto policies that you already have. They will not cover any additional risks that are not covered in your current policies. Some people mistakenly believe that their umbrella policy will cover all liability situations.

[retiredguy123]

Originally Posted by starman215

Diamond Angel.. If you want to be certain and sure on this issue, speak to your homeowners insurance agent. Let them know your plan and have them adivse you as to where your liability lies.. If you have golf cart insurance, also speak to them and have them confirm if the coverage will follow the renter and will the coverage be for medidal payments, property damage, cart repairs, etc.. This is a tricky situation and many folks are going to offer advice. Why would you even want to take the advice of non invested strangers on this kind of personal liability issue.

You cannot be certain of anything by talking to an insurance agent. Their job is mostly to sell insurance policies and they do not have the power to legally represent the company, even though they call themselves "agents". Try asking an insurance agent to send you something in writing confirming what they tell you verbally. They can't and won't do it.

[CoachKandSportsguy]

So our house is a rental until we can move down which is uncertain at this point. The house has been placed into an LLC, has a commercial mortgage, and has on premise liability insurance for renters' lawsuits. FL does have some limitations on lawsuits, so there are maximum limitations of liability coverages for landlords. Our maximum available is $2M, and a friend who is a multi house land lord can only find $3M of on premise liability, which as a commercial LLC, does not cover a car or follow us anywhere. Our MA house is covered by Amica, who will not cover a commercial property, and our Umbrella is at $5M up here, and that follows us wherever, but is completely separate from the rental property.

We also decided against a golf cart for the complexity of liability, and the ease of renting one in the villages for the time period. From a marsh bend point of view, most will not need one for awhile longer, until all the bridges and connections are completed.

So, everyone loves a short cut, but to rent a house properly and have the proper liability insurance, you will need specific coverage for both the house covered for a rental situation and liability coverage specifically for a rental situation. If you don't have those two items specific to the scenario, you may be rolling the lawsuit dice. And this requires alot of extra effort to get it set up properly.

We also have a commercial mortgage on the property, which states that as long as this mortgage is active, we can not live there. And when we do decide to live there, we will have to pay off the mortgage, which is fine.

So this scenario is a put the extra effort in to get the insurance to cover the situations, and the policies correct, and be upfront about your intentions.

Good luck

sportsguy

[SharonW]

Originally Posted by collector0915

I would have the renters secure their own cart insurance for the entire rental period and provide proof.

Collector0915...non owner can not buy golf cart policy. Only owner can purchase policy.


They do require you add renter to policy so they have to have valid drivers license. Call Villages Insurance to get your questions answered. Make sure you buy highest liability limits available because as owner of cart you are liable.