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. 

Hole In One Insurance

What is hole in one insurance?

A hole in one insurance policy provides coverage for prize moneys to be paid to an amateur golfer in the event of a hole in one at a specific hole. We offer coverage from $5,000 to $50,000+ for any single hole, or each par 3 at your tournament / the tournament that you are sponsoring. In addition to covering the prize amount in the event of a winner, our Underwriters will donate an additional 20% of the amount of insurance to a registered charity or educational institution of the golfer’s choice.

How much does it cost?

The cost of your hole in one insurance will depend on the prize amount requested, number of golfers in tournament, and distance of the hole. We are able to offer terms based on premiums ranging from $150 to $1,000 changing with respect to the variables input.

Please note that completing our application for insurance does not cost anything or require you to proceed with the coverage once a quote is provided – customer service is our first priority.

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.