Organizing a hole-in-one contest is a great way to add prestige and excitement to a golf tournament. However, offering a car, a trip, or a large sum of money as a prize can quickly become a significant financial risk. With hole-in-one insurance, you protect yourself against this unforeseen event: if a participant achieves the feat, the insurer will pay the prize, and you will have only invested a premium much lower than the prize’s value.
This insurance allows you to attract attention, add prestige to your event, and reward players with a spectacular prize without jeopardizing your finances or those of your organization. The experts at J. Gérard Fortin & Associates are here to assist you in setting up this turnkey solution tailored to the reality of your tournament.
Hole-in-one insurance is a highly specialized coverage that depends on several factors. To choose it correctly, consider the value of the offered prize, the distance of the targeted hole, the number of participants, and the number of attempts allowed. All these elements influence the premium to be paid and the coverage conditions.
At J. Gérard Fortin & Associates, our experts guide you step by step to define the parameters of your contest, assess the risks according to market standards, and offer you reliable and advantageous coverage. We ensure that the conditions of your policy meet the eligibility criteria of insurers while adapting to the objectives of your event. Whether you’re organizing a corporate, charitable, or recreational tournament, we will help you implement comprehensive protection that allows you to focus on the success of your day.
It’s advisable to apply at least one to two weeks before the event, but some coverages can be issued within a few business days if all information is available promptly.
No, hole-in-one insurance only covers the main prize associated with a specific hole. For other contests like the longest drive or closest to the pin, other types of protection can be considered.
Yes, most insurers require the presence of an independent official witness or sometimes video recording, depending on the prize amount at stake. These measures serve to validate the legitimacy of the hole-in-one in case of a claim.