Hello! I’m Dan Lyles with Lyles Insurance. In this video, we’re going to go over some key tips that you need to know for buying golf cart insurance.
There are basically two ways to insure a golf cart. Number one is an exclusive stand alone golf cart insurance policy. And as this video will show you, this is a much better idea than the second option, which is insuring a golf cart by attaching it onto your homeowner’s policy.
If you compare the prices between a standalone exclusive golf cart policy versus an attached policy, you’re going to find that the price is nearly the same for both. Both are very inexpensive compared to other recreational vehicles. But the main difference is the added value you get with a standalone exclusive policy. So for the same money, you get more coverage flexibility, you get offered higher levels of coverage, and more types of coverages added.
Here’s why golf cart insurance policies that are attached are not as good policies as standalone exclusive policies. The main reason being unreasonable coverage restrictions. For example, some companies will not allow you off your property, some companies won’t cover you while crossing public roadways, and there are even some attached policies that won’t cover you playing golf on a golf course. Now these are the type of things we buy golf cart insurance for! So how silly is that? And also, an attached policy does not have the higher levels of coverage that an exclusive policy offers. And, they don’t offer as many types of coverages as an exclusive policy does.
There are five main parts to a golf cart insurance policy. And you might notice that they are the same five parts that you have on a regular auto insurance policy: liability coverage, uninsured motorist coverage, medical payments coverage, comprehensive coverage and collision coverage. And you see the two there in asterisks, not all attached policies will offer uninsured motorist or medical payments coverage.
Golf cart insurance policies generally have a broad range of acceptance. However there are some golf carts that are unacceptable. And those include golf carts that go over 20 miles an hour. Now there are a few companies that will let you to stretch that to 25 miles an hour, but most of them cut the limit at 20. An engine cannot be modified in any way. And finally, you cannot use a golf cart for commercial or business use. This includes renting or leasing to others. You need commercial insurance for that.
Here are some other benefits to having exclusive golf cart insurance coverage. Number one, you get offered higher levels of coverage than you do with an attached policy. Number two, free accessory coverage. This is anything permanently attached to your golf cart. If you have comprehensive and collision coverage, that automatically comes free up to a certain amount, and you have the option of purchasing more if you need. And also, as I mentioned before, a standalone policy will offer medical insurance and underinsured motorist coverage. Whereas most attached policies do not. And finally, if you’re like most people and occasionally transport your golf cart with a trailer, you can also buy coverage on the trailer as well.
As far as the best place for finding golf cart insurance, I suggest you go through an independent agent who has multiple golf cart insurance companies that can get you multiple quotes at once. That’s more time efficient than shopping around one company at a time. And for those of you who live in Ohio, Michigan, Indiana, Pennsylvania, Virginia or West Virginia, if you would like for me to personally run you a quote, I’ll be happy to do so. I’ve listed a webpage on my website where you can get an online quote. I’ve also posted my phone number here if you want to get a quote by phone. I will also post those below the video to make it easy for you to click on. Thank you for watching and have a great day!
Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia..