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Hole-in-One Insurance Protects Your Golf Course Clemmons NC

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.

NCInsuranceSpot
(336) 293-8077
117-1 Willow Trace Circle
Clemmons, NC
Alternate Phone Number
336-293-8077
Services
Insurance & Annuities

The Bates Group - Winston Salem Insurance Agency
(336) 760-3338
1959 North Peace Haven Road
Winston Salem, NC
Alternate Phone Number
(336) 760-3338
Services
Health Insurance, Dental Insurance, Life Insurance, Disability Insurance, Insurance Consulting, Insurance Broker

Lawyers Mutual Liability Insurance Companyof North Carolina
(919) 677-8900, (800) 662-8843
5020 Weston Parkway, Suite 200
Cary, NC
Prices and/or Promotions
States/Provinces Served: North Carolina

State Farm Insurance Agency - Monte Thorns
(704) 509-5854
9401 Statesville Road
Charlotte, NC
 
Cary Carolina Capital Insurance Group
(919) 617-7221
517 N Academy St
Cary, NC
Services
Insurance, Annuities,, Life Insurance, Insurance Company, Auto Insurance Agency.

State Farm Donna Jones Agency
(336) 602-2980
682 Saint George Square Ct
Winston Salem, NC
 
Breeden Insurance Service Inc.
(336) 249-8618
312 West Center Street
Lexington, NC
 
BURRUSS, SUE- STATE FARM INSURANCE
91-864-5908
8140 CLIFFDALE ROAD
FAYETTEVILLE, NC
Alternate Phone Number
9108644997

Wachovia Insurance Services, Inc.
(704) 553-0419
6100 Fairview Road
Charlotte, NC
 
American Insurance Services
(704) 735-3716
806c east main st
Lincolnton, NC
Alternate Phone Number
704-735-3716
Services
Insurance

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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