RULE 35.6C - OWNED MOTORIZED GOLF CART PHYSICAL LOSS COVERAGE (CO 05 28)
Applies
to: Premier - YES, Premier Plus - YES, Premier Select - YES,
Premier Condo - YES, Premier Renters - YES
The policy may be endorsed to provide coverage for physical loss to a motorized golf cart,including permanently installed accessories, equipment or parts, owned by an insured.
We will also cover accessories, equipment or parts not permanently installed that are designed or made solely for use with the golf cart, provided such property is at an insured's residence or in or upon a golf cart off an insured's residence at the time of loss. The limit of liability for such property shall be an amount equal to 10% of the highest limit of liability shown in the Schedule.
Coverage for loss caused by collision is optional and only applies if declared on the schedule of this endorsement.
The limit of liability shall be selected by the insured . This limit should reflect the actual cash value of the motorized golf cart, including permanently installed accessories, etc. A $500 deductible amount applies separately to each involved golf cart and separately to property if not in or upon a golf cart at the time of loss. This deductible replaces any other deductible in the policy with respect to property covered under this endorsement.
The premium is $11 for each $500 of coverage for motorized golf carts with collision. The premium is $6 for each $500 of coverage for motorized golf carts without collision.
Endorsement CO 05 28 Owned Motorized Golf Cart Physical Loss Coverage will be attached to the policy.
