If you own a golf cart in Pennsylvania, you are required by law to have golf cart insurance. Golf cart insurance protects you financially in the event that your golf cart is damaged or stolen. It also covers you if you accidentally damage someone else’s property with your golf cart.
There are a few different types of golf cart insurance available in Pennsylvania. You can choose to insure your golf cart for its replacement value, which is the amount it would cost to buy a new golf cart. Or, you can insure it for its actual cash value, which is the amount your golf cart is worth minus depreciation.
You can also choose to add collision and comprehensive coverage to your golf cart insurance policy. Collision coverage pays for damage to your golf cart if it is involved in an accident. Comprehensive coverage pays for damage to your golf cart from events such as fire, theft, or vandalism.
If you are financing your golf cart, your lender will likely require you to have full coverage golf cart insurance. This type of policy covers your golf cart for its replacement value and includes collision and comprehensive coverage.
Golf cart insurance rates in Pennsylvania vary depending on the value of your golf cart, the type of coverage you choose, and the deductible you select. Be sure to shop around and compare rates from different insurers before you purchase a policy.