Specialty insurance broker Signature Risk Partners Inc. has launched a new database of stolen golf carts.
The Stolen Cart Online Registry (SCOR) addresses a need by the golf industry to track stolen carts from different manufacturers, the company says.
“The cost of insurance is significant for golf club owners and operators and by reducing claims we can help our clients keep their annual premiums down while still providing them with the best coverage available to the industry,” Ashley Chinner, Director of Golf at Signature noted in a statement.
The database can be accessed by golf clubs, cart dealers and the general public through Signature Risk’s website. The database is entirely funded by Signature and uses information from distributors, golf leasing companies and insurance adjusters all over Canada.
“We saw a need to create a resource for golf clubs and the general public where they can verify golf cart serial numbers,” James Grant, president and CEO of Signature Risk Partners in Toronto, noted in a release. “Carts are stolen regularly and we have to assume that a large number of these stolen carts are being resold.”