Articles Editor's Blog Reader Mail

Hole-in-One Insurance Protects Your Golf Course Missoula MT

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.

ALPS - Attorneys Liability ProtectionSociety
(406) 728-3113, (800) 367-2577
111 North Higgins - Suite 200 P.O. Box 9169
Missoula, MT
Prices and/or Promotions
States/Provinces Served: Alaska Arizona Arkansas Colorado Connecticut Delaware Hawaii Idaho Illinois Indiana Iowa Kansas Maine Maryland Massachusetts Minnesota Mississippi Montana Nebraska Nevada New Hampshire New Mexico New York NorthCarolina North Dakota Pennsylvania Rhode Island SouthCarolina South Dakota Tennessee Utah Vermont Virginia Washington Washington D.C. West Virginia Wyoming Guam Northern Mariana Islands U.S. Virgin Islands

Farm Bureau insurance and Financal Services
(406) 651-5111
2810 Central Ave SutieA
Billings, MT
Alternate Phone Number
406-794-5044
Services
Insurance and Financal Services

Farm Bureau Financial Services
(406) 651-5111
2810 Central Ave Sutie A
Billings, MT
Alternate Phone Number
406-651-5111
Services
Insurance and Financal Servieces

Mariann Cameron Agency
(406) 560-4202
1004 Division Suite 212
Billings, MT
Alternate Phone Number
406-560-4202
Services
Insurance
Prices and/or Promotions
Life Insurance

State Farm Insurance Companies
(406) 721-5050
1501 S Russell St
Missoula, MT
 
ALPS - Attorneys Liability ProtectionSociety
(406) 728-3113, (800) 367-2577
111 North Higgins - Suite 200 P.O. Box 9169
Missoula, MT
Prices and/or Promotions
States/Provinces Served: Alaska Arizona Arkansas Colorado Connecticut Delaware Hawaii Idaho Illinois Indiana Iowa Kansas Maine Maryland Massachusetts Minnesota Mississippi Montana Nebraska Nevada New Hampshire New Mexico New York NorthCarolina North Dakota Pennsylvania Rhode Island SouthCarolina South Dakota Tennessee Utah Vermont Virginia Washington Washington D.C. West Virginia Wyoming Guam Northern Mariana Islands U.S. Virgin Islands

State Farm Insurance Quotes - Diana Larson
(406) 656-4764
3202 Henesta Drive Suite J
Billings , MT
Services
Car Insurance, Home Insurance, Life Insurance, Health Insurance
Prices and/or Promotions
Free Insurance Quotes for Car, Home, Life, Health and Auto Insurance!

Caldwell Insurance Agency
(406) 294-8688
2870 Grand Ave
Billings, MT
Alternate Phone Number
406-294-8688
Services
Auto, home, life, commercial, retirement, health

Farmers Insurance Group
(406) 728-4220
2415 S Catlin St
Missoula, MT
 
Rowe Robert E Insurance
(406) 721-5888
530 N Orange St
Missoula, MT
 

Hole-in-One Insurance Protects Your Golf Course

Provided By: 

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...

Click here to read the rest of this article from Insurance Guide 101

About Us | Contact Us | Link to Us | Privacy Policy | Terms of Use | Insurance Resources | Sitemap