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Hole-in-One Insurance Protects Your Golf Course Dover NH

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.

MetLife Auto & Home
(603) 433-1880
29 New Hampshire Ave
Portsmouth, NH
Alternate Phone Number
603-433-1880

Representing Metlife Auto and home
(603) 540-1634
Southern NH
Goffstown, NH
Alternate Phone Number
603-540-1634
Services
Home and Auto Insurance

Richardson Group the
(603) 742-1616
34 Dover Point Rd
Dover, NH
 
Always Affordable Insurance
(603) 743-4200
251 Central Ave
Dover, NH
 
Allstate
(603) 743-1888
595 Central Ave
Dover, NH
 
Nationwide Insurance - Daniel P Soucy Agency
(603) 577-9531
491 Amherst St
Nashua, NH
Alternate Phone Number
603-889-9960
Services
Auto, Home, Business, Life Insurance

MetLife Auto & Home
(603) 433-1880
29 New Hampshire Ave
Portsmouth, NH
Alternate Phone Number
603-433-1880

Lineweber & Giffin Insurance Agency Inc
(603) 742-6100
5 1st St
Dover, NH
 
Patty Flynn Insurance
(603) 742-6855
6C Dover Point Rd
Dover, NH
 
Lalas Insurance Agency
(603) 740-9310
692 Central Ave
Dover, NH
 

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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