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Hole-in-One Insurance Protects Your Golf Course Carson City NV

Most hole-in-one prizes, particularly ones offered at charity or other fundraising events, are offered on a par-3 hole, since offering it on a higher-par hole would usually discourage participation. Insurance companies calculate the premium of this coverage based on a number of factors, including the cash value of the prize, the length of the hole and the number of attempts allowed to each participant.

Long Term Solutions
(702) 658-1495
2251 N Rampart Blvd
Las Vegas, NV
 
R & R Nevada Insurance Group-Ronald Short
(702) 435-1160
4660 S Eastern Ave Ste 206
Las Vegas, NV
 
Network Insurance Services, Inc.
(702) 868-5729
2785 E Desert Inn Rd Ste 260
Las Vegas, NV
 
Eclipse Health Insurance Services
(775) 753-7963
375 Spring Creek Pkwy
Spring Creek, NV
Alternate Phone Number
775-753-7912
Services
Health Insurance, group and individual

AllState Mike Seifer & Associates
(702) 270-4500
2990 Sunridge Heights Pkwy Ste 130
Henderson, NV
 
COUNTRY Financial
(702) 873-6442
1805 Village Center Cir
Las Vegas, NV
 
State Farm Insurance-Juan Diaz
(702) 870-0444
4911 Alta Dr
Las Vegas, NV
 
Allstate Agency-Laura Redstone
(702) 242-8667
9430 W Lake Mead Blvd Ste 9
Las Vegas, NV
 
Stiles Insurance Service-Steve Stiles
(702) 951-7264
8668 Spring Mountain Rd Ste 110
Las Vegas, NV
 
Nevada Pacific Insurance Services-Roberto Lozano
(702) 877-9700
2795 E Desert Inn Rd Ste 100
Las Vegas, NV
 

Hole-in-One Insurance Protects Your Golf Course

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Hole-in-one Insurance

Coverage that protects your favorite golf course from the cost of a perfect swing

Insurance may not be the first thing that occurs to you when you think of perks at your local golf course. You’d probably think instead of the excellent martinis at the clubhouse bar or the reduced tee-off price you get for guests with your membership. In fact, you may not have given a moment’s thought to the shiny new Lexus that the club offers anyone who gets a hole-in-one, since, well, what are the odds that that’s ever going to happen?

But did you ever wonder who actually pays for that car, or any other prize your golf course offers for a perfect shot? Well, it’s mostly likely not the golf course itself. Chances are the club has purchased hole-in-one insurance – also known as prize indemnification – to cover the cost of the winnings in the unlikely event that someone actually makes that shot.

Hole-in-one insurance is similar to other big-ticket types of coverage, such as boat insurance or farm insurance Most golf courses utilize this kind of indemnity for major golf tournaments or fundraisers where the prize value – sometimes as high as $1 million – is far more than the club or sponsors could afford to pay.

Most hole-in-one prizes, particularly ones offered at charity or other fundraising events, are offered on a par-3 hole, since offering it on a higher-par hole would usually discourage participation. Insurance companies calculate the premium of this coverage based on a number of factors, including the cash value of the prize, the length of the hole and the number of attempts allowed to each participant.

Despite the unlikelihood of a hole-in-one, most insurers have very specific requirements before they will provide indemnity. Usually the prize must be offered on one specific par-3 hole, not any par-3 on the course. If contest participants are professional golfers, then the premium will obviously be higher than if they were amateurs. And some...

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