Ontario has plenty of beautiful golf courses that are out there just waiting for you to hit the links with your clubs in tow. Enjoying a round with the company of your friends in those scenic vistas is a great way to spend a day. But suppose your clubs or other necessary equipment are stolen, vandalized or damaged, and you don't have the right Ontario golf equipment insurance to get them replaced or repaired. In that case, you'll be left behind at the clubhouse while your friends are having fun out on the greens—or you'll be stuck at the driving range with some seriously sub-standard rented clubs. Don't let that happen to you when it's so simple to call your experienced broker at Morison Insurance and make sure you have the proper financial backing to get back in the game fast, regardless of what happens to your golf equipment.
Golf equipment insurance is a type of sports equipment coverage on your home insurance policy that protects you against financial loss if your golf equipment is damaged or stolen, on or off the course. Also, if you are have tenants insurance instead, sports equipment coverage can also be added. If your equipment is taken out of commission for an insured reason, your insurance carrier will compensate you with the funds you need to purchase a replacement set of equal value.
Suppose you have golfing equipment passed down from a sibling or cousin and bring it out once or twice a year. You're safe without specific Ontario golf equipment insurance listed on your homeowners insurance policy. But if you're an avid golfer and hitting the course is the best part of the week, you may have more invested in the personal property necessary to enjoy your favourite game. You may or may not consider your golf equipment high-value items. Still, if replacing them suddenly would cause financial strain, they can and should be covered by golf equipment insurance so you can get replacements when or if you need them.
Without the protection against financial loss that is afforded by the right coverage, you would be on the hook to cover replacement or repair costs all on your own—and if a brand-new, top-of-the-line set of golf equipment can't be easily factored into your budget, you could be left without any way to get back on the links.
In most cases, golf equipment insurance is straightforward compared to other, more complex types of insurance. Coverage options and limits do vary somewhat depending on the insurance provider. Still, generally speaking, you can expect to receive insurance compensation if your golf clubs are stolen, vandalized or accidentally damaged.
If someone broke into your garage and helped themselves to your golf clubs, for example, your insurance carrier would provide funds so you could replace them and get back to enjoying your hobby. Or, if you left your golf bag on the ground for a moment and someone backed over them with a golf cart, destroying your clubs, your insurance carrier would, again, provide the necessary funds to get them replaced (or repaired, if that's a viable option).
One significant factor to consider when determining what's included with your Ontario golf equipment insurance is whether or not you have the comprehensive form of home insurance. With comprehensive insurance, all your personal property is covered except for expressly excluded items. On the other hand, if you have broad-form insurance, only the particular items listed on the policy are included, while everything else is excluded. In that case, you would need to add your golf clubs and equipment to your broad homeowners insurance policy to include it under your insurance coverage.
Regarding golf equipment insurance, Ontario homeowners should note that their equipment may already be insured under the contents coverage options on their home insurance. So, it's not so much a question of what's included with golf equipment as it is a question of whether you have ample golf club insurance coverage limits on your homeowners insurance that offer you complete financial protection if your equipment is stolen or damaged somehow.
That means the short answer to whether your golf equipment is included in your home insurance is yes. The long answer is that while it is likely included, a specific coverage limit for equipment may need to be revised to replace your golf equipment with a new set of equal value. Some insurance providers have a limit for golf clubs and equipment, and the cost of your particular equipment may exceed that limit. The best course of action is to contact your reliable broker at Morison Insurance and speak with them about the golf equipment insurance you have in place. They can determine if your coverage is adequate for your needs or find alternative options to give you better coverage for your treasured equipment.
A great way to prepare before speaking to an expert broker at Morison Insurance is to complete a Home Inventory List. This list will allow you to document all your personal belongings that may need to be replaced in the event of a fire, natural disaster or theft. This document will help significantly in the event of a peril.
Different insurance carriers have other limits available for golf equipment insurance. Some insurance providers will include it as part of the contents of your residential property, and your overall home insurance coverage limits will apply. Other insurance providers cap the golf equipment insurance portion of your contents coverage at a specific limit—for example, they may include $3,000 worth of coverage for equipment specifically, even though your overall contents insurance limit is considerably higher. Talk to your Morison Insurance broker about your coverage limits to ensure your golf equipment insurance fully covers the value of your golf gear.
When discussing golf equipment insurance, homeowners should remember that it's a specific type of contents insurance that falls under their home insurance coverage. That means it only includes coverage for accidental loss if that is specifically included in your policy. It also doesn't have legal liability insurance if you accidentally cause third-party bodily harm or property damage with your golf equipment or a golf ball. The good news is that legal liability is likely covered on another part of your home insurance policy unrelated to golf equipment insurance (even if the golf equipment causes injury or damage).
Golf carts or golf buggies may or may not be included, but as low-speed vehicles, they are subject to particular limits by most insurance carriers. Any golf carts you own must be disclosed to your insurance broker, not only so they can verify that you have the golf equipment insurance coverage you need if your golf cart is damaged or stolen but also because your broker needs to ensure that you have the liability and personal harm coverage necessary to support you should you be injured or cause third-party bodily harm or property damage with your golf cart.
Whether you already have golf equipment insurance coverage and want to ensure it's adequate for your needs, or you are looking for new types of coverage that you still need access to, rely on the experienced, friendly brokers at Morison Insurance. Call us today at 1-800-463-8074 and speak with our dedicated team about getting the right golf equipment insurance for your financial protection and peace of mind.
This content is written by our Morison Insurance team. It is provided for general information only. Insurance needs differ from person to person, and this article is therefore not a substitute for professional advice about your individual insurance needs which can be obtained by speaking to one of our brokers.