The Two Sides To Hole-In-One Golf Insurance

Whether amateur or professional, the number of times a hole-in-one is achieved in a players' lifetime means that it's often a big occasion in any golfer's career. There is one slight problem though; whilst it's certainly a cause for celebration, tradition dictates that you will normally buy the drinks when you return to the club house after your round.

In some cases, especially if there is a tournament or a lot of people on the course that day, then you may end up having to spend a large amount of money and it could take the shine off your big moment.

However, some golf insurance policies now recognise this expense and how it can prove to be expensive to the golfer. As well as covering your clubs should they be lost, stolen or damaged, golf insurance policies can make sure that if you were to achieve a hole-in-one that you do not end up out of pocket, leaving you to enjoy your crowning moment.

There is another side to hole-in-one coverage for golf insurance as well, except this is for the golf courses not the players. Many times where a golf course plays host to a tournament they will provide an incentive for the players to aim for a hole-in-one - often in the form of a large cash prize.

The cash being offered at some courses can be upwards of £75,000 for a player achieving a hole-in-one during the course of the tournament. Now as previously mentioned; a hole-in-one is a pretty rare occurrence but mathematics and probabilities imply that the course owner may still be taking a risk with a promotion like this.

In some cases an individual amateur golfer is predicted that it is a 12,750 - 1 chance they will get a hole-in-one. Professionals are better equipped to get a hole-in-one so their odds tend to be around 3,000 - 1. This is still a long shot (no pun intended) but considering the number of players taking part in a larger tournament, these odds can be cut significantly.

However, offering an attractive prize like this often attracts a higher number of participants which should therefore increase the enrolment revenue. Hole-in-one coverage means that for a relatively low premium a golf course can confidently offer large cash prizes on the off chance that if a player were to score a hole-in-one over the course of the tournament then this payout would be covered.

So hole-in-one coverage is an important part of golf insurance, it can make sure that an amazing achievement remains a happy one both on and off the course.

John Woosey writes on a range of topics such as specialist golf insurance and finding hole in one insurance