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Hole-in-One Insurance Protects Your Golf Course Commerce City CO

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.

Equisure
(303) 614-6961
3000 S Jamaica Court
Aurora , CO
 
FARMERS INSURANCE - HENDERSON
(303) 919-0250
11990 Grant St. # 400
, CO
 
Denver Life Insurance Agency
(303) 309-0100
1624 Market St Suite 202-A
Denver, CO
 
Trust Hall Insurance Services
(303) 421-2802
7502 W 80th Ave Ste 180
Arvada, CO
 
Madison Insurance Group
(800) 636-6185
425 S. Cherry St. Suite 420
Denver, CO
 
Leinweber Insurance Agency
(303) 719-0364
2090 e 104th Ave Ste 305
Thornton, CO
Alternate Phone Number
303-719-0364
Services
Home, Life, Auto, & Motorcycle Insurance

PINNACOL ASSURANCE
(303) 361-4000
7501 E. Lowry Blvd
Denver, CO
 
GD Mitchell Insurance Broker- Business and International Insurance
(303) 720-7519
1307 Grant Street
Denver, CO
 
ANTHEM BLUE CROSS AND BLUE SHIELD
(303) 831-2131
700 Broadway
Denver, CO
 
Auto Insurance Denver
(303) 997-1779
303 S Broadway
Denver, CO
Alternate Phone Number
303-997-1779

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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