What is hole in one golf insurance in Australia is specialist cover for golf events, charity days and corporate days that offers prize for hole-in-one and covers bar expenses. Hole in one insurance covers event organiser if golfer gets hole-in-one on designated par 3 hole during event, paying prize of $5,000 to $50,000 cash, car, holiday or equipment, with premium $100 to $500 per event depending on prize value, number of players and hole length, typically par 3 over 130 metres. For example, charity day offers $10,000 cash for hole-in-one on 150m hole, organiser buys hole in one insurance for $200, if someone gets hole-in-one, insurer pays $10,000 prize, not organiser. It also includes bar expenses cover, paying up to $500 for drinks at clubhouse if player gets hole-in-one, which is tradition to buy drinks. Hole in one insurance requires official measurement of hole, witness, and that hole not too short, usually minimum 130m for amateurs, 150m for pros, and single attempt per player. Providers include Golf Insurance Australia, Hole in One Insurance Australia and event insurers like Marsh. For individual golfers, hole in one insurance is part of personal golf insurance package, covering bar tab up to $500 if you get hole-in-one in competition. So hole in one insurance is event prize indemnity cover that makes big prizes affordable for charity and corporate golf days.
1 votes
Marked as accepted