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Golf is well-known as a sport admired by many, with more than 50 million people engaging in it.Golf equipment is expensive and the priciest is the golf clubs. They can get damaged or stolen.
So, can I insure my golf clubs? Yes. Golf clubs can be insured through golf clubS insurance similar to how golf instructors can be insured through golf instructor insurance.
This article will guide you through this coverage.
Golf clubs insurance provides cover to your golf clubs. Situations, where this can be useful, are:
This policy is available as a stand-alone policy or as an inclusion in golf equipment insurance coverage, which is a policy included in golfer’s insurance.
So how does golf clubs insurance cover work? Insurance for golf clubs gives you $10,000 – $100,000 coverage. You can use the insurance money to replace a stolen or totaled golf club or repair a golf club that’s damaged.
Golfers insurance is a tailored product insurance companies offer for amateur and professional golfers. Policies included in golfers insurance are golf equipment coverage, legal liability insurance, motor vehicle coverage, and personal accident coverage.
Golf equipment insurance coverage reimburses losses if you lose or damage your golf clubs, golf bag, tees, and other golfing equipment while traveling or playing. You can decide to insure all equipment using this coverage or schedule specific items that you want to be covered.
Legal liability insurance in golfers insurance covers your legal liability while in the golf course’s grounds. This one covers costs if you’re accused of injuring someone, vandalizing the golf course, or causing a public disturbance.
Golf Clubs Insurance for Rental Businesses
Golf clubs insurance is only available for golfers. Businesses that rent golf clubs can’t cover their stocks with it. Nonetheless, there are alternative business insurance policies that can be used such as business equipment insurance or stocks and contents insurance.
Just to be clear, golf clubs insurance does not only pertain to coverage for golf clubs – as in the equipment you’re using to hit the golf ball. It can also mean an insurance policy for a golf club – meaning organization of people who love to play golf.
Insurance for a golf club, again an organization in this sense, is a business insurance policy offering protection against the cost of lawsuits, property damage, and more. Insurance policies included are:
Golf club liability insurance takes care of personal injury or property damage lawsuits. With this, a golf club can pay for settlement, lawyer fees, and other legal costs. Liability insurance comes in different types depending on what’s covered. Liability policies golf clubs usually purchase are:
Commercial property insurance for golf clubs provides reimbursements if tangible assets got lost or damaged because of fire, storm, lightning, vandalism, theft, riot, and other named perils.
Golf club commercial property insurance includes equipment coverage and rented premises coverage.
Golf club equipment insurance coverage provides reimbursement if materials inside the golf club’s office got damaged or lost because of fire, theft, vandalism, storm, fire, and other named perils.
A basic commercial property insurance only covers damage to the building the golf club owns.
In other words, the insurance won’t work if the building is rented. That’s why there’s rented premises coverage available. Through a rented premises coverage, the golf club can pay the property owner or shoulder the cost of repairs.
Carriers have their own specific pricing. However, all use the following factors to calculate insurance premiums.
Provided that your golf clubs are brand new and not that pricey, then expect to pay $15 a month or $180 a year. But still, there are companies that charge their customers only $2 a month or $24 a year.
Golf Club Insurance Cost
On average, the cost of insurance for golf clubs and golf organizations is $50 a month or $600 a year for a $1 million general liability insurance.
Get all the best quotes from leading providers in a click of a button!
Best Golf Club Insurance: Review of the Top Companies
CoverWallet is a reputable company offering insurance coverage to golf clubs. They have three options for you:
Basic (General Liability)
The basic plan includes:
Standard (General liability + property)
Pro (General liability + property + workers’ compensation)
Our rating : 10/10
This is a reputable insurance company with several decades of experience. They have been operating for more than 70 years. Westfield signature knows the suitable policies for golf clubs, and they offer competitive rates.
Westfield Signature Insurance offers the following:
Average cost : $56 per month
Next Gen covers your golf club equipment with its golf clubs insurance that’s underwritten by Travelers. Coverage applies if theft or damage happens while using the golf clubs or traveling. Next Gen offers a mobile app where you can easily manage your golf clubs insurance and file a claim.
Average cost: $2 per month
Malayan covers golf clubs with its golfers insurance that comes with personal golf equipment coverage.
This company’s equipment coverage extends further to other golfing equipment with the exception of tees and golf balls. If you’re looking for golfer’s insurance aside from golf clubs insurance.
Average cost: Call Malayan insurance for accurate pricing
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