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Hole-in-One Insurance Protects Your Golf Course Evergreen 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.

Premier Insurance Nick Hammer Agency
(303) 904-1552
6004 S Kipling Pkwy
Littleton, CO
Alternate Phone Number
303-904-1552
Services
Insurance Brokers, Auto Home, Business

DAGLEY INSURANCE AND FINANCIAL SERVICES
(720) 381-2695
10125 W San Juan
Littleton, CO
 
Advanced Insurance Services
(303) 934-1435
2700 W Evans Ave
Denver, CO
Alternate Phone Number
303-934-0626
Prices and/or Promotions
Home-Auto-Business-Life & Health Insurance

HEALTH CHOICE ONE - JOHN WEKSLER
(303) 475-4565
2 West Dry Creek Circle, Suite 100
Littleton, CO
 
LAUTENBACH INSURANCE AGENCY LLC
(303) 798-2534
5721 S. Nevada Street
Littleton, CO
 
COBIZ INSURANCE, INC.
(303) 988-0446
10901 W. Toller Dr.
Littleton, CO
 
STATE FARM INSURANCE - BILL ROUSE
(303) 424-0420
4350 Wadsworth Boulevard
Wheat Ridge, CO
 
State Farm Insurance Bruce Oyler Agency
(303) 730-1110
1621 W Canal Circle
Littleton, CO
Alternate Phone Number
(303) 730-1110
Services
Auto Insurance, Home Insurance, Renters Insurance, Life Insurance, Health Insurance, Liability Insurance, Bank Products

KAUFMAN FARMERS INSURANCE AND FINANCIAL, INC.
(303) 934-8330
739 West Littleton Blvd
Littleton, CO
 
Kris Collison State Farm Insurance Agency
(303) 798-9868
26 W Dry Creek Cir Ste 590
Littleton, CO
Alternate Phone Number
303-798-9868
Services
Auto Insurance, Home Insurance, Life Insurance, Health Insurance & Business 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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