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Hole-in-One Insurance Protects Your Golf Course Manhattan KS

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.

Karl Kunz State Farm Insurance
(801) 290-3915
210 N 4th Street # B
Manhattan, UT
Alternate Phone Number
(785) 776-3800
Services
Auto Insurance, Car Insurance, Life Insurance, Home Insurance, Renters Insurance

AFLAC
(785) 323-1444
4805 VUE DU LAC PLACE
MANHATTAN, KS
Alternate Phone Number
(785) 323-1444

Agri-Risk Services
(913) 897-1699
7540 W 160th Street
Overland Park , KS
 
davidson pham
31683197833
402 w 21st
wichita, KS
Alternate Phone Number
3168319783

AFLAC
(785) 323-1444
4805 VUE DU LAC PLACE
MANHATTAN, KS
Alternate Phone Number
(785) 323-1444

Tim Engle Agency Inc. American Family Insurance
(785) 539-9200
3320 Anderson Ave.
Manhattan, KS
 
Agri-Risk Services Inc
(913) 897-1699
7540 W 160th St
Stilwell , KS
 
The Heartland Gallogly Agency
(913) 345-9090
4400 College Blvd #370
Overland Park, KS

Data Provided by:
Farmers Insurance
(316) 685-0440
1819 S Rock Rd
Wichita, KS
 
Two States Insurance Agency, LLC
(913) 548-5358
po box 346
Lansing , KS
Alternate Phone Number
9135485358
Services
Auto, Home, Life, Business insurance

Data Provided by:

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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