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Hole-in-One Insurance Protects Your Golf Course Gardnerville NV

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.

Yoder Insurance Agency, LTD
(702) 434-7640
283 Grand Olympia Dr
Henderson, NV
 
JPG Insurance-Melissa Copeland
(702) 897-4400
11411 Southern Highlands Pkwy Ste 320
Las Vegas, NV
 
Action Insurance
(702) 367-1364
4180 W Desert Inn Ste B-1
Las Vegas, NV
 
Laughlin Insurance Services
(702) 216-0630
6725 S Eastern Ave Ste 12
Las Vegas, NV
 
American Family Insurance-Glennys Friedlander Agency
(702) 765-9465
2595 S Maryland Pkwy Ste 102
Las Vegas, NV
 
Lawrence/Kreeft & Associates-Daniel Sabaka
(702) 873-1003
630 S Rancho Dr Ste F
Las Vegas, NV
 
Liberty Mutual Insurance
(800) 637-7026
10010 W Cheyenne Ave Ste 110
Las Vegas, NV
 
Exxpress Insurance Services-John Workman
(702) 821-1050
1242 Clifton Park Ct
Las Vegas, NV
 
Hernandez Insurance Agency
(702) 487-8888
2298 W Horizon Ridge Pkwy #104
Henderson, NV
Alternate Phone Number
(702) 487-8888
Services
Auto Insurance, Home Insurance, Insurance Agent, Life Insurance, Business Insurance

State Farm Insurance-Juan Diaz
(702) 870-0444
4911 Alta Dr
Las Vegas, NV
 

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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