Hole In One Insurance – Golf Days

Hole in one competitions at Corporate Golf Days and Tournaments have become a popular way of providing companies with a means of enhancing their public profiles, providing participants with a challenging financial incentive and raising money for charities.

The National Hole-In-One Association can provide hole in one insurance for competitions at any type of Golf Day that you desire. The insured prize value can be anything from $5,000 to $1,000,000+ and you have the option of choosing what the prize will be – cash, car, jewellery, holiday; anything of value! Why not offer your company’s products as the prize? That way everyone wins if the prize goes off!

Recently a Mercedes was won at the Sanctuary Cove: The Palms Golf Course during the Mercedes Trophy National Final. View the video of the successful hole in one shot here! Brad Cummings won the prize after acing the 12th hole at 139 metres!

The cost of the hole in one insurance depends on the following factors:

  • how many players you expect at the tournament
  • whether players are amateurs, club professionals or tour professionals
  • the dollar value of prize you will be offering; and
  • the distance of the target hole.

The approximate premium on a $10,000 insured prize is between $250 and $500. Submit a quote request for a prompt response from our team.

Please note: key changes to the Rules of Amateur Status from 1 January 2012:

 

Hole In One InsuranceREGULATIONS GOVERNING THE ISSUE OF PRIZES – Under the Rules of Amateur Status

Click here to view

There will now be no limit to the value of a prize (includes cash prizes) that may be offered for achieving a hole-in-one while playing a round of golf. This allowance only applies to prizes for holes-in-one.