Golf carts have become very popular and have many uses, which means there are some questions that need to be answered to determine the proper way to insure them.
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First, is the golf cart licensed for road use and registered with the North Carolina Division of Motor Vehicles? If the answer is yes, then it must be insured under a personal auto policy (PAP). The PAP would provide liability coverage and give the option to add comprehensive and collison if you also wanted physical damage coverage on the golf cart. If the cart is not tagged for road use, you could still add it to the personal auto policy, but liability would be the only coverage available.
Second, is the golf cart for personal use at the residence premises and used in some way to help maintain your residence premises? If yes, it would be covered under your homeowners policy as part of Coverage C – personal property for the named perils specifically listed in the policy. Fire, theft, falling objects and vandalism or malicious mischief would be the most common losses for golf carts under the homeowners policy, with the full list of covered perils shown in the policy. Collision or upset would be the major peril not covered under the homeowners policy. However, you can add endorsement homeowners 05 28 to your homeowners policy to purchase physical damage coverage including collision for your golf cart.
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Third, is the golf cart used off the residence premises, in business or transported to other destinations for use? If the answer is yes, the golf cart would need to be written on a commercial inland marine policy with the option to insure it for fire/lightning and theft or fire/lightning, theft and collision. The inland marine policy would provide physical damage coverage. When insuring the golf cart on a commercial inland marine policy, the cart would need to be added to the personal auto policy for liability coverage.
This is a very brief overview of insuring golf carts, but there are always more questions to be asked to meet your exact insurance needs. Call or visit your local Farm Bureau agent and let them assist you in making sure that your golf cart is insured properly. Find a local agent near you at ncfbins.com/find-agent.
