Low Speed Vehicles (LSVs) have become extremely popular in Walton County, Florida. Residents and visitors use them for short trips in our beautiful coastal and inland communities. But what exactly are LSVs, and how do they differ from golf carts? Let’s dive into the world of LSVs and explore their benefits, downsides, and important insurance considerations.
Defining the Differences: Golf Carts, LSVs, and NEVs
Under Florida law, there are important distinctions between golf carts, Low Speed Vehicles (LSVs), and Neighborhood Electric Vehicles (NEVs) :
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Golf Carts: These are designed for use on golf courses and cannot exceed speeds of 20 miles per hour. They are not titled or registered and don’t require insurance (unless your homeowners association requires you to have insurance).
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Low Speed Vehicles (LSVs): These are vehicles with top speeds of 20 to 25 MPH. They can be operated on streets with posted speed limits of 35 MPH or less and must be equipped with specific safety features .
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Neighborhood Electric Vehicles (NEVs): These are essentially the same as LSVs but are electrically powered.
Benefits of Owning an LSV in Walton County
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Eco-friendly transportation for short trips
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Lower operating costs compared to regular vehicles
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Easier parking in crowded areas
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Fun, open-air experience for enjoying our beautiful weather
Downsides of LSV Ownership
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Limited speed and range
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Restricted to roads with speed limits of 35 MPH or less
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Less protection in case of accidents compared to standard vehicles
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Additional insurance and registration requirements (LSVs are insured like a normal automobile).
Legal and Insurance Considerations
Owning and operating an LSV comes with specific legal and insurance implications:
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Registration and Titling: Unlike golf carts, LSVs must be registered and titled with the Florida Department of Highway Safety and Motor Vehicles .
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Insurance Requirements: LSVs must be insured with Personal Injury Protection (PIP) and Property Damage Liability (PDL) coverage, with minimum limits of $10,000 for each.
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Driver’s License: Operators of LSVs must have a valid driver’s license.
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Safety Equipment: LSVs must be equipped with headlamps, stop lamps, turn signals, taillamps, reflex reflectors, parking brakes, rearview mirrors, windshield, seat belts, and a vehicle identification number.
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Rental Restrictions: It’s important to note that most auto insurance carriers have specific rules and underwriting guidelines for LSVs in Florida. Typically, the owner of an LSV cannot “rent out the LSV with the rental home” without violating the terms and conditions of the LSV or auto insurance policy contract.
American Modern Insurance Company Coverage
For those considering LSV ownership, American Modern Insurance Company offers specialized coverage for Golf Carts, NEVs, and LSVs. This coverage provides comprehensive protection tailored to the unique needs of these vehicles.
At Fuller Insurance, we offer the competitively priced American Modern LSV policy for primary and secondary homeowners only. Please note that this coverage does not extend to rental homes or third-party use of the insured LSV vehicle.
Fuller Insurance: How We Can Help
Our team at Fuller Insurance is here to help you navigate the complexities of LSV ownership and insurance. We can provide:
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Advice on LSV insurance options
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Second opinions on your current coverage
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Assistance with Florida homeowners insurance
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Short-term rental home insurance solutions
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Flood insurance options
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Auto insurance for your standard vehicles
Whether you’re considering purchasing an LSV or just want to ensure you have the right coverage for your Walton County lifestyle, Fuller Insurance is your trusted local partner. We understand the unique needs of our community and are committed to providing personalized, comprehensive insurance solutions.
Remember, while LSVs can be a fun and convenient way to get around Walton County, it’s crucial to understand the legal requirements and insurance implications. Always prioritize safety, follow local traffic laws, and ensure you have the proper coverage to protect yourself, your personal liability, and your investment.
Contact us today to discuss your LSV insurance needs or for a comprehensive review of your insurance portfolio. We’re here to help you enjoy the Walton County lifestyle with peace of mind!
