Hole-in-one insurance — what it is and how to get it
Prize indemnification that covers a big hole-in-one prize, sold as a hole sponsorship for profit. Get a free quote from a vetted provider in the Marketplace.
Hole-in-one insurance — what it is and how to get it
Hole-in-one insurance is prize indemnification: an insurer covers a large hole-in-one prize so your charity is not on the hook if a player aces the hole.
Overview
Offering a big hole-in-one prize draws excitement and entries, but paying out a car or a large cash prize would be a serious risk. A hole-in-one policy transfers that risk to an insurer. If a player makes the ace, the insurer pays the prize, not the charity.
The sponsorship math
The numbers work strongly in the organizer's favor. A policy that costs roughly $499 can be sold as a $1,200 to $1,500 hole sponsorship. That leaves $700 to $1,000 of pure profit for the charity, plus the on-course excitement of a marquee prize.
How to get a quote
- Open Dashboard and go to Marketplace.
- Select Hole-in-One Insurance.
- Click through to a vetted provider for a free two-minute quote.
- Review the policy terms and confirm your prize amount and hole details.
Things to know
- The prize hole must be a par-3, usually 140 yards or longer.
- Witnesses are typically required to validate the ace.
- Sell the prize as a hole sponsorship to turn the policy into profit.
- Redswing may earn a referral commission if you purchase through the Marketplace; this is disclosed in line with FTC guidance.
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