2007-08-16 13:56:28 · 6 answers · asked by Jasper&JasmineKitty 2 in Business & Finance ➔ Insurance
Yes, it is considered personal property which is covered worldwide. You are subject to your deductible on your policy so beware the value of the clubs less the deductible is your payment. Depending on whether your policy covers your personal property at replacement cost or at actual cash value will depend on how the insurance company settles the "valuation" of the gold clubs. I am assuming he is not a professional or you would not be asking this, but if he were a pro it would automatically exclude coverage under the homeowners as it would be considered professional equipment and need to be on a commercial policy.
2007-08-16 16:21:01 · answer #1 · answered by PLzHeLPMe 3 · 0⤊ 0⤋
Insurance For Golf Clubs
2016-12-16 19:31:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Probably, however, I would HIGHLY advise against making a claim like that.
Homeowner's insurance companies do not cancel you on the dollar amount of the claim...they can cancel you based on the NUMBER of claims.
I had a friend that had been with State Farm for 21 years. She had a cell phone stolen mid-contract...it was a Blackberry back when they were expensive, so she turned into the $750 claim. Then, two years later, she turned in a lawn mower that was stolen for $1600.
A week after she got the check for the lawnmower, she got a cancellation notice for her policy..and ended up carrying VERY expensive state insurance for 5 YEARS until a major carrier would have her again.
I have seen similar circumstances happen several times ove the years.
The rule of thumb: If you can afford to pay for it out of pocket, pay it.
2007-08-17 02:37:28 · answer #3 · answered by Expert8675309 7 · 1⤊ 0⤋
The crazy thing about insurance is that you pay to be protected and when you have a claim they don't want to pay it. Then after they eventually pay it they either cancel you or they raise your rates. THINK ABOUT THAT....they gave you $1000 for you stolen clubs then they raise your monthly payment by say $10. Eight years and 4 months later you have completely paid them back the money. What a scam.
I figured this out years ago when I reported my video camera stolen.
2007-08-16 16:45:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You will need to file a police report. Usually a home owners policy will cover the theft of personal property away from the residence premises. It will be subject to your deductible.
2007-08-16 14:08:23 · answer #5 · answered by Boots 7 · 0⤊ 0⤋
Yes, as long as he's not a professional golfer (then they become business equipment), and he has filed a police report.
And it's subject to your deductible.
2007-08-16 14:17:43 · answer #6 · answered by Anonymous 7 · 1⤊ 0⤋