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Hole-in-One Insurance Protects Your Golf Course Dacula GA

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.

Allstate Insurance- Rhonda Strickland Agency
(678) 541-0634
2700 Braselton Hwy Stre 14
Dacula, GA
Services
Insurance and Financial services

Weathers Insurance
(770) 448-9700
3065 Peachtree Industrial Blvd. Duluth, GA 30097
Duluth, GA
 
State Farm Insurance, Evan Profeta
(770) 889-0092
3020 Old Atlanta Road
Cumming, GA
 
Professional Insurance & Financial Svcs
(770) 386-8177
310 North Tennessee St
Cartersville , GA
 
Greenway Insurance Agency
(478) 923-4211
1612 Watson Blvd
Warner Robins, GA
Alternate Phone Number
478-923-4213
Services
Insurance, Home, Auto, Life, Business, Workers Comp

Dale Gainey and Associates Inc. Allstate Insurance
(678) 514-2197
2795 W Main St, Ste 18B
Snellville, GA
 
TIME INSURANCE
(404) 298-7900
3085 Breckinridge Blvd
Duluth, GA
Alternate Phone Number
404-298-7900
Services
Auto,Home,Health,Life and Business Insurance
Prices and/or Promotions
Call for your free quote. Are you getting all the discounts?

Barwick and Roberts Insurance Agencies
(770) 498-8553
5295 HWY 78, Suite F22
Stone Mountain, GA
Alternate Phone Number
1-866-318-6709

C Jarvis Insurance Agency
(770) 205-5339
5750 McIntyre Way
Cumming , GA
 
Benefit Design Strategies
(404) 643-8272
275 Trillium Trace
Mt. Airy, GA
 

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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