In golf, a "hole in one" refers to the shot in which a player, using only one stroke from the official tee corresponding to their handicap, successfully gets the ball to land directly in the hole. This achievement is considered a significant challenge in both amateur and professional competitions. Additionally, "holes in one" are often rewarded with specific prizes, adding a special appeal for participants. Many companies take advantage of this event as a marketing opportunity, creating notoriety and generating interest among players and spectators.
How does hole-in-one insurance work?
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The policy protects the organizer of a golf game: federations, clubs, golf courses, or other event organizers and companies.
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The insured risk is achieving a "hole-in-one" during a complete round, on the stipulated hole, with the first tee shot.
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The prize could be, for example: a car, a boat, or a monetary amount.
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The premium is calculated based on: tee distance, number of participants (amateur/professional; men/women), and the amount of the prize(s).
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The premium will increase considering the number of attempts and prizes.
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The specific conditions of the policy must include the course, the hole to be covered, the par, the tee distance, and the date of the event.
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The tournament must always be supervised by an independent referee or professional expert.
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The hole number cannot be advertised before the day of the event.
Who is it aimed at?
Organizers, promoters, and sponsors of a golf tournament.
At THB Mexico, we are ready to offer you tailored solutions, no matter how complex your Hole in One insurance needs may be.
Our team of experts is ready to advise you and provide the protection you need.
Contact us today for a personalized consultation and quote!