What is a Hole-in-One Insurance Plan?
A hole-in-one insurance plan is a type of insurance policy commonly used in golf events and tournaments. It protects event organizers from having to pay out a prize if a participant pulls off a big shot.
Before the tournament begins, the event organizer purchases coverage with an agreement for each insured hole. If a participant makes a hole-in-one during the event, the insurance company pays out the prize according to the terms of the contract. The hole-in-one insurance policy may allow multiple prize winners for a more exciting event.
Perfect Golf Event allows you to take your fundraiser to the next level with prize coverage. Ensure your winning contestants walk away with outstanding prizes. We partner with international prize coverage insurance experts to give you more than what our competitors offer.
Our professionals help you coordinate a hole-in-one event with world-class insurance coverage. Our team oversees all the fine details, keeping the planning stage straightforward.
Choosing Perfect Golf Event for your next event means you can have multiple prize winners on every insured hole. Whether a hole-in-one is made early in the day or you want to keep your event exciting, hole-in-one insurance coverage helps you prepare for anything.
Making Your Tournament Unforgettable
Perfect Golf Event understands what golf tournament organizers need to create exceptional experiences. Our hole in one Insurance solutions provide the foundation for offering spectacular hole in one prizes while maintaining complete budget control. Whether you are planning a corporate event or organizing a charity golf tournament, our coverage ensures you can promise amazing prizes with confidence.
Understanding the Reality of Hole-in-One Shots
The odds of making a hole in one vary significantly based on skill level. Amateur golfers face approximately 12,000 to 1 odds, while professionals see odds around 2,500 to 1. At tournaments involving 144 players, these odds mean holes in one can happen more often than organizers expect. This reality makes contest insurance not just valuable but essential for protecting your organization’s finances.
Customized Coverage Solutions
Our insurance packages are designed with flexibility in mind. When you request a hole in one insurance quote, our specialists evaluate your tournament size, prize values and specific needs. As your trusted insurance provider, we explain every aspect of coverage so you understand exactly what is protected.
The insurance quote process is straightforward, and most organizers are pleasantly surprised by how affordable comprehensive coverage can be.
Beyond Basic Prize Protection
Prize indemnity insurance covers more than just the grand prize. Our policies protect multiple prize winners, ensuring your event stays exciting throughout the day. We also provide professional event signage that transforms insured holes into focal points of your tournament. The custom contest signs we offer feature your contest sponsor prominently, creating valuable visibility while building player excitement.
Professional Presentation Matters
First impressions count, which is why we include premium sponsor sign materials with every policy. These are not basic plastic markers – our contest sponsor signs are full of color, weather-resistant displays that look exceptional on the course. They clearly communicate prize details, showcase your sponsors and create photo opportunities that participants share on social media, extending your event’s reach far beyond the course.
Partner With Experience
Perfect Golf Event combines decades of tournament experience with superior insurance coverage. Our team manages all details, from initial quote through prize fulfillment if someone can make that incredible shot. We make the process simple so that you can focus on creating an outstanding event that participants will remember and sponsors will support year after year.
With every hole-in-one contest insurance policy, you get..
Backed by a Trusted Insurance Company
Perfect Golf Event is your trusted source for tournament success and is backed by an international prize coverage insurance company featuring an A.M. Best A++ rated (Superior) Insurance Rating!
Free Bonus Hole-in-One Prizes
Bonus Hole in One Contest on up to three (3) additional Par 3 holes on the course. Prizes include a Scotty Cameron Phantom X Putter, Yeti Tundra Hard Cooler and a Bushnell Pro X3 Rangefinder.
Multiple Winners Allowed on Every Insured Hole
As an extra layer of protection for your organization, we cover up to three (3) winners on any contest hole. No need to close down the contest if a hole-in-one is made early in the day!
Custom, Full-Color Contest Signs
We include custom, full-color contest signs with free ground shipping. Signs are professionally prepared by our design team and can include event and sponsor logos.

Hole-in-one prize insurance helps you…
Hole-in-one prize insurance is practical in many ways. Here are 10 reasons to get coverage:
Manage risks
The insurance company assumes the financial risks according to the contract terms. This strategy offers financial protection against potentially significant payouts.
Offer valuable hole-in-one prizes
The coverage allows you to offer attractive prizes without bearing the full financial risks. You can customize the prizes, providing multiple insured holes or tiered prizes across different holes. This plan can keep golfers engaged throughout the tournament.
Add excitement to your event
The prospect of winning valuable prizes makes the event appealing and memorable. This strategy lets you stand out from other events, giving you a competitive edge.
Enhance reputation
Offering impressive prizes and delivering on your word can boost prestige and attract future participants. Reputation is crucial in the golf industry, and hole-in-one insurance can help you achieve your goals.
Increase fundraising
For fundraising events, having insurance for big-ticket items means more funds raised can go directly to the cause instead of potential prize payouts.
Increase your player registrations
Offering attractive prizes can enhance the event experience and attract golfers looking for a unique and challenging experience. It generates publicity for the current and subsequent tournaments and helps you drive growth.
Sell more sponsorships
Events that offer unique and attractive opportunities for visibility attract sponsors. In addition to selling sponsorships, sponsors may be inclined to support events offering prizes or experiences that resonate with their target audience.
Control your budget
Instead of budgeting for a potentially costly payout, you can plan your expenses more accurately by paying a known premium for insurance coverage.
Give your event a professional feel
Offering insured prizes can improve professionalism, which most high-profile golfers consider. A professional appearance can help you access the best sponsors and participants.
Avoid logistical hassles
With insurance coverage handling prize payouts, you could be relieved of the logistics behind securing and managing large prizes. This arrangement can save time and effort.
The Importance of Hole-in-One Competition Insurance
Hole-in-one insurance helps you attract contestants and keep everyone looking forward to your grand event. Working with Perfect Golf Event ensures you can follow through on your promise to everyone who registers.
Show off a variety of prizes for those trying to sweep the competition — anything from a new car or a trip to a large cash prize. Our hole-in-one insurance plans can also cover the cost of custom prizes you come up with. Create special giveaways for participants, knowing we can cover as many as three winners per contest hole.
We’re also here for you if you’d like to provide player gifts to individuals who donate or participate in your fundraiser.
Watch the video below to learn more
Why Partner With Perfect Golf Event for Hole-In-One Insurance Coverage?
Perfect Golf Event has a supportive team ready to help. We have years of experience in hole-in-one insurance coverage and golf events, which enables us to exceed expectations. Do you need more information or custom pricing? Contact us now to speak to one of our event insurance specialists.
Our hole-in-one insurance allows event organizers and managers to focus on delivering exceptional experiences while the insurer takes care of prize expenses. You can select a plan depending on your needs or customize the coverage to suit the event. The most crucial thing is finding a provider capable of delivering results.
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Your Hole-in-One Insurance 101
Frequently Asked Questions
How much does hole in one insurance cost?
It can cost as little as $200 to add some big excitement to your event! Prices are based on the yardage of the contest hole, the number of players, and the cash value of the prize. Our ‘Quick-Quote’ Survey takes about 3 minutes to complete and you can work directly with a tournament specialist.
What is hole-in-one insurance?
When purchased, our prize-indemnity insurance helps golf tournaments affordably offer valuable prizes in the event a player makes a hole-in-one on a par 3.
What if you’re busy and need something faster and easier?
No problem! We offer a vast selection of fabulous, pre-bundled hole-in-one contest packages offering valuable prizes, including a brand-new car, a trip to St Andrews or $10,000 in cash! Each of our standard hole-in-one contests is priced at 150 yards minimum.
Do you need hole-in-one insurance for your golf tournament?
Hole-in-one insurance coverage is optional, but there are many benefits. Primarily, it shifts part or all of the financial risks to the insurer, giving you peace of mind to plan a spectacular event. Additionally, hole-in-one insurance makes your tournament attractive. There are numerous available prices, and the chances of participants redeeming their winnings are high. Hole-in-one insurance is not required, but it’s highly recommended for hosting a successful event.
What are common terms used in hole-in-one-insurance?
Common terms used in hole-in-one insurance include:
Prize value: The stated value of the prize that will be awarded if a participant achieves a hole-in-one.
Claims process: The procedure for submitting a claim.
Contestant: The event participant seeking to win a prize.
Coverage period: The duration of the policy, typically covering a specific event or tournament.
Exclusions: Specific conditions under which the insurance coverage will not apply.
Hole yardage: The distance of the designated hole where the hole-in-one must be made to win the prize.
Payout terms: Details about how and when the insurer will pay the prize, including verification requirements.
Policy limit: The maximum amount the insurance company will pay for a hole-in-one prize.
Premium: The amount the event organizer pays the insurance company to purchase the policy.
How can you estimate the cost for hole-in-one insurance?
You can talk to one of our professionals to help estimate the cost of hole-in-one insurance coverage. The cost will depend on several factors, so it’s best to have an idea of your needs. Our quick quote survey takes about three minutes to complete.
What factors affect the cost of hole-in-one insurance?
Prices are based on the yardage of the contest hole, the number of players and the cash value of the prize. It can cost as little as $200 to add some big excitement to your event!
What do you get from our hole-in-one contest insurance policy?
With every hole-in-one contest insurance policy, you get:
Backed by a Trusted Insurance Company
Perfect Golf Event is your trusted source for tournament success. An international prize coverage insurance company backs the tournament, featuring an A.M. Best A++ rated (Superior) insurance rating!
Free Bonus Hole-In-One Prizes
There is a bonus hole-in-one contest on up to three additional Par 3 holes on the course. Prizes include a Yeti Tundra 75 Hard Cooler, Scotty Cameron Phantom X Putter or a Bushnell Pro X3 Rangefinder.
Multiple Winners Allowed on Every Insured Hole
As an extra layer of protection for your organization, we cover up to three winners on any contest hole. There is no need to close the contest if a hole-in-one is made early in the day!
Custom, Full-Color Contest Signs
In addition to free ground shipping, you get custom, full-color contest signs. Our design team professionally prepares the signs, including event and sponsor logos.
Do you offer hole-in-one insurance plans across the United States?
Yes we offer hole-in-one, insurance plans across the United States!
We offer coverage plans in every state, with winners frequently coming from California, Florida, Georgia, and Texas.
Are hole-in-one insurance plans customizable?
Yes! If you have an original idea for your event or prize, our team can help. We can customize a hole-in-one policy for any prize value greater than $10,000 with an industry-low minimum of 130 yards. Request a custom contest quote to get started today.
How does hole in one insurance work?
If you have our hole-in-one insurance setup at your event and one of the players makes a hole-in-one, our insurance provider pays for the big prize.
Is Perfect Golf Event’s hole-in-one insurance coverage dependable?
Yes. We provide proven and dependable insurance coverage. An international prize-coverage insurance company backs our prize payout, featuring an A.M. Best A++ rated (Superior) insurance rating. This approach reassures participants that they will get their prizes. Our event team will also work directly with you and your contest winner to ensure the claim is paid promptly.
What happens if someone hits a hole-in-one without insurance?
Typically, the tournament organizer is responsible for providing the prize out of pocket. The cost will vary depending on the value of the prizes the participants win. For example, suppose you promise a cash prize, vacation or vehicle. You must include the cost of that prize as part of your expenses and deliver according to the terms of the tournament.
How can you incorporate hole in-one insurance into your tournament planning?
Determine your budget, considering the prizes you want for the event. Then, research an insurance provider and obtain a quote. Once you’ve reviewed the agreement and secured coverage, promote the event to generate excitement and attraction. Finally, coordinate logistics, including eligibility rules, signage at the designated hole and procedures for verifying a successful hole-in-one.
What documents do you need to apply for hole-in-one insurance?
The insurer will request details about the event, hole, prizes and participants. You will be required to sign the terms before your event takes place.
How should you explain hole-in-one insurance to your participants?
Describe the prizes available, adding that you have obtained insurance coverage. Emphasize that coverage ensures the successful participant gets their prize. It’s crucial to be clear and transparent about the rules.
Why should your event work with Perfect Golf Event?
Perfect Golf Event walks you through each step of setting up a fundraiser event featuring a hole-in-one contest. Our professionals assist you with the organization, management and marketing of a golf event to help you raise funds and attract new players and sponsors.
Since 2015, we’ve assisted in hole-in-one golf competitions and produced insurance plans. Talk to us about the scope of your fundraiser, and we’ll work to create a golf tournament website and secure the software and tools to help you spread the word about your contest.









