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Hello! I’m Dan Lyles with Lyles Insurance. And in this video, we're going to go over the basics of a golf cart insurance policy.
There are two primary ways to insure a golf cart. The first way is to insure a golf cart all by itself in an exclusive standalone golf cart insurance policy. And as you will find out on this video, this is a much better idea than the second option, which is insuring a golf cart onto your homeowners policy.
Now I want to go over some of the reasons why attaching your golf cart to a homeowners insurance policy is a bad idea. The most important one being the unreasonable coverage restrictions that some of those policies have. That's not to say that all of them are lousy, but quite a few have some really silly restrictions on them. For example, some policies won't cover your golf cart off of your property, some won't cover your golf cart as you're crossing a country road or a rural highway or whatever, and some won't even cover you when you're playing golf on a golf course.
Now obviously those type of activities are why people buy golf carts in the first place. So look out for those crazy coverage restrictions. You'll never see anything like that on a standalone golf cart insurance policy.
And finally, standalone golf cart insurance offers both higher levels of coverage, and some different coverages that aren't offered on an attached homeowners policy. We're going to get into that in just a minute.
For the most part, golf cart insurance has a broad range of acceptance. However there are certain types of golf carts that cannot be insured under a personal golf cart insurance policy.
Number one, a golf cart can not go over 20 miles an hour. Now there are a few companies who will stretch that out to 25, but most companies set the limit at 20 miles an hour.
Number two, your engine can't be modified or souped-up in any way.
And of course with any personal policy, you can’t be using this golf cart for commercial or business purposes, including renting or leasing to others. You need commercial insurance to do that.
Here’s some other benefits as to why stand-alone golf cart insurance policies are better than attached golf cart insurance policies…
Number one, they offer higher levels of coverage. Number two, for those of you who like to put accessories onto your golf cart, you’ll get free accessory coverage up to a certain amount with an option to purchase more if you want to. Number three, there is medical and uninsured motorist coverage offered. You won't see these very often on an attached policy. And believe it or not, people do get hurt while operating golf carts. And finally, more than a half of golf carts get transported with a trailer. You can also add coverage on the trailer with a standalone policy.
It's important to quickly cover an issue regarding golf carts that are licensed for Road use. There are some small towns who are passing local laws that make it legal for you to register your golf cart as a street-legal vehicle, meaning you'd get a license plate just like a regular automobile. There's where an issue comes in regarding your personal golf cart insurance policy. With most standalone companies, there is coverage when you cross on roadways, and that is okay. But understand that if you go as far as to actually register your golf cart to where it's licensed for road use, your companies become limited. Not very many companies will insure a golf cart that's licensed for Road use. However there are a few, in fact I have a couple. But you're going to find out your choices become limited once you switch over to an actual registration on your golf cart.
When you compare the prices between a stand-alone policy versus an attached policy, you'll find that the prices are pretty much about the same. They're both very inexpensive compared to other types of recreational vehicles. The difference between the two is the added value that a standalone Golf Cart insurance policy brings we've already covered these but quickly I'll go over it again, more coverage flexibility, higher levels of coverage, and more types of coverage added.
Where’s the best place to look for golf cart insurance? What I suggest you do is go to an independent insurance agent who has more than one golf cart insurance company. That way it's more time efficient. And that you get multiple quotes at once, instead of having to shop around one company at a time. So, I hope this video has taught you what you need to know about shopping for golf cart insurance. Thanks and have a great day!
Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia..