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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.

Anthem Blue Cross and Blue Shield
(702) 586-6100
9133 W Russell Rd
Las Vegas, NV
 
Knox Associates
(702) 656-5915
5600 Spring Mtn Rd Ste 108
Las Vegas, NV
 
Matthew Heifner Insurance Agency Inc.
(702) 501-7203
9555 S Eastern Ave Ste 200
Las Vegas, NV
 
Sage Insurance Services, Inc.-Linda Valkenburg
(702) 547-1900
3505 E Flamingo Rd Ste 4
Las Vegas, NV
 
Cragin & Pike Insurance
(702) 877-1111
2603 W Charleston Blvd
Las Vegas, NV
 
Preferred Insurance of Nevada
(702) 368-2080
4533 W Sahara Ave # F3
Las Vegas, NV
Services
Insurance, Car insurance, Auto insurance, Home insurance, Insurance Agency

Aniello Insurance Agency
(702) 259-0250
3012 W Charleston Blvd Ste 150
Las Vegas, NV
 
V & J Insurance-Vida Chan Lin
(702) 251-3900
8540 S Eastern Ave Ste 170
Las Vegas, NV
 
The Laughton Company of Southern Nevada, LLC-Lydia Folsom-Boske
(702) 368-1894
6720 Via Austi Pkwy Ste 170
Las Vegas, NV
 
ABD Insurance
(702) 869-6108
6142 W Sahara Ave
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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