|
|
|
| |
|
Hole-In-One and Putting
Contest Insurance |
|
|
Award insurance for a golf
event participant who makes a
hole-in-one or sinking a putt
|
|
|
Coverage Options
| Pricing |
Odds |
Requirements |
Eligible States |
|
|
|
Program
Summary |
|
The Hole-In-One and Putting Contest insurance program allows you to insure against the
chance of a golfer making a hole in one or sinking a putt. By
purchasing a policy that transfers the potential payout from you to
an insurance company, you can offer a large, eye-catching prize and
not have to worry if a lucky golfer hits that perfect shot.
The program is comprised of:
1. Hole-In-One Contest
2. Putting Contest |
|
|
|
|
Apply for a
Hole-In-One and Putting
Contest Insurance Quote
|
|
|
 
|
Minimum Distance
and Maximum Prize
|
Prize Type |
Minimum Distance |
Maximum Prize |
|
Hole-In-One |
150 yards (men),
135 yards (women) |
1,000,000 |
|
Putting Contest |
40 feet |
25,000 |
How
Pricing Works:
1. Hole-In-One
- pricing is based on the difficulty of the course (slope), distance
to the hole, number of contestants, prize value.
2. Putting Contest
- pricing is based on the distance to the hole, number of attempts.
Sample Prizes and Pricing - Hole-In-One
|
Prize |
36 Contestants |
72 Contestants |
144 Contestants |
|
Hawaiian
Vacation ($10,000) |
$150 |
$150 |
$150 |
|
Porsche Boxster ($75,000) |
$351 |
$702 |
$1,404 |
|
Cast ($25,000) |
$150 |
$234 |
$468 |
Assumptions:
Amateur golfers only, average slope course, event in California, 165
yard hole.
Odds of a
Hole-In-One
According to a 1999 article in
Golf Digest, the chances are 1 in 3,756 for a PGA Tour pro and 1 in
12,750 for an amateur.
The following applies to all Hole-In-One
and Putting Contests.
Hole-In-One Contests
All attempts for prize amounts above
$100,000 must be videotaped.
|
Prize Value |
Requirements |
|
Up to $4,999 |
Requires at least two (2) witnesses from the other
registered participants playing in the group of the eligible
recipient making the attempt. |
|
$5,000 - $59,999 |
Requires at least two (2) witnesses from the other
registered participants playing in the group of the eligible
recipient making the attempt and one official third party
witness positioned at the green or tee box of the designated
hole. The official third party witness viewed each eligible
recipient’s initial shot as well as the full and complete
path of the ball until it comes to a stop. |
|
$60,000 - $100,000 |
Requires at least two (2) witnesses from the other
registered participants playing in the group of the eligible
recipient making the attempt and two official third party
witnesses, one of whom is positioned at the tee box and one
of whom is positioned at the green of the designated hole.
The official third party witnesses view each eligible
recipient’s initial shot as well as the full and complete
path of the ball until it comes to a stop. |
|
$100,001 - $1,000,000 |
Same as $60,000 - $100,000 requirement, but one of the two
official third party witnesses is a PGA certified
professional or assistant professional at the course where
the covered event is taking place or one must be a law
enforcement officer. Further, all attempts for prize amounts
$100,001-1,000,000 must be videotaped in full with such
video providing a continuous, unedited video record of each
eligible recipient’s initial shot from behind the green
clearly showing the eligible recipient in the distance and
the ball landing on the surface and coming to rest within
the hole. |
Putting Contests
All putting contests must be videotaped. The videotape must be unedited
and record the entire putting contest. It must include the measurement
of the putt distance, ball placement and the eligible recipient striking
the ball from the point of contact continuously to its resting point on
the green or the bottom of the cup.
| Prize
Value |
Requirements |
|
Up to $10,000 |
Requires at least one (1) official third party witness. |
|
$10,000+ |
Requires at least two (2) official third party witnesses,
one of which must be a PGA professional. |
Disclaimers
Coverages referenced on this
website may not be available in all territories and may vary depending
on the exposure. Minimum premiums may vary by
State. Coverages and services described in this website are generally stated for the purpose of promotion. The material does not modify or amend the
terms, conditions, or coverages of any policy. Please ask your Supple-Merrill & Driscoll, Inc. representative to explain coverage details,
exclusions, limits
or other provisions of any insurance policy.
|
