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Hole-in-One Insurance Protects Your Golf Course Fort Benning 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.

COLUMBUS INSURANCE GROUP
(706) 562-0155
1224 PEACOCK AV.
COLUMBUS , GA
Alternate Phone Number
334-855-9821
Services
BUSINESS AND PERSONAL INSURANCE

Professional Insurance & Financial Svcs
(770) 386-8177
310 North Tennessee St
Cartersville , 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?

Weathers Insurance
(770) 448-9700
3065 Peachtree Industrial Blvd. Duluth, GA 30097
Duluth, GA
 
bankers life and casualty company
(706) 399-5212
4510 columbia rd bldg 14a
martinez, GA
Alternate Phone Number
706 737 2515
Services
life.health.medicare supplement plans.annuity.home health care.longterm care.call for appointment today.

C Jarvis Insurance Agency
(770) 205-5339
5750 McIntyre Way
Cumming , GA
 
The Black Bear Insurance Group
(229) 234-8355
1709 A Gornto Road
Valdosta, GA
Alternate Phone Number
229-234-8355
Services
SR-22 insurance, liability only insurance, non-owners auto insurance

The Black Bear Insurance Group
(706) 389-4899
196 Alps Road
Athens, GA
Services
SR-22 insurance, liability insurance, non-owners car insurance

American Family Insurance
(678) 783-5255
2722 Hwy 155 South, Locust Grove, GA 30248
Locust Grove, GA
Alternate Phone Number
(678) 783-5255

Dale Gainey and Associates Inc. Allstate Insurance
(678) 514-2197
2795 W Main St, Ste 18B
Snellville, 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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