Hole In One Insurance
As a golfer, you know how much excitement a hole in one can generate, especially if there’s a prize involved! As a tournament hole sponsor, you can be prepared to pay prize moneys if a player shoots a hole in one. A hole in one insurance policy lets you enjoy the benefits of sponsoring a hole with a large prize, without the risk of having to payout a winner.
What is hole in one insurance?
How much does it cost?
Warranties & Conditions
Rules of Play – If a golfer aces the hole in accordance with the policy Warranties and Conditions (no mulligans!), your insurance takes care of the prize.
Delays and Cancellations – If you need to reschedule, your policy can be applied to the new date. You may cancel your policy before the scheduled tournament date at a nominal cost.
1. The Insurer must receive written notification of a tournament 4 days prior to the event.
2. Coverage is only applicable, in an amount not exceeding the amount of insurance stated in the Policy Declaration, for the cost incurred in providing an award to the Participant who, during the policy period, makes the “first” Hole-In-One on the Selected Hole(s) in a Covered Tournament.
3. The distance from the tee to the pin of each Selected Hole must be a minimum of 150 yards.
4. The Participants must complete all scorecards.
5. One tournament official must be stationed and monitoring play at each of the Selected Holes at all times during the Covered Tournament.
6. In the case of a Hole-In-One, certification of achievement must be made on the score card of the Participant achieving the Hole-In-One by the tournament official monitoring play at the Selected Hole, and all the Participants within the group in which the Hole-In-One was made.
7. The tournament must be played in groups of three or four. No twosomes allowed.
8. A ball hit out of bounds and replayed does not qualify as a Hole-In-One. This would constitute a Hole-In-Three.
9. A “Participant” means an individual (not including a Golf Club Pro or a Professional Golfer) entered and playing in a Covered Tournament, for which a premium has been paid.