Are you planning a large golf tournament to attract new clientele or donors? Offering a hole-in-one prize is one way of getting more tournament sponsors and encouraging existing customers or fundraisers to promote your enterprise. However, competitive prizes like this cost money, so you must first address your financial considerations. Working with the best hole-in-one insurance companies will alleviate your risk if a player does land a hole-in-one.
Hole-in-one insurance safeguards your outlay for short-hole prizes you offer during a company golf day. It provides financial protection if a participant produces a remarkable hole-in-one shot on a featured par-3 hole. Taking out this insurance at a nominal rate means you can confidently offer high-value prizes — including cash, cars, boats or vacations — knowing that you have the prize value covered.
In North America, several companies offer hole-in-one insurance for amateur golfing events and tournaments, with differing offers, costs and benefits. The top hole-in-one insurance companies all have stellar reputations. They will provide you with varying packages that can sufficiently cover your desired scope of short-hole prizes.
Perfect Golf Event oversees all the fine details of your event’s coverage. Hole-in-one insurance through this provider will cost you as little as $200, depending on the prize value you assign and the yardage of the included par-3 hole. Perfect Golf Event offers a variety of hole-in-one contest packages with predefined prizes, including trips to the 2025 Ryder Cup, Tesla Model 3s, golf carts, Harley-Davidsons and cash.
The insurer also offers you coverage for custom prizes valued at $10,000 or more. All you need to do is sign a contract before your first contestant tees off. Perfect Golf Event will provide full-color custom signage for the course, featuring event and sponsor logos, designed and shipped without additional charge. Your insurance also includes bonus hole-in-one prizes — like putters, coolers and laser Rangefinders — at as many as three other unfeatured par-3 holes longer than the 130-yard industry-low minimum.
After determining the number of participating golfers, the designated par-3 hole or holes and their yardages, and the cash value assigned to your main hole-in-one prize, American Hole ‘n One will insure your competition and deliver your sign sponsorship package to your chosen address. Your contract includes the primary prize coverage, branded on-course signage and delivery, golfer appreciation cards — including savings for every contestant — and bonus prizes for holes-in-one at uninsured par 3s.
American Hole ‘n One offers several all-inclusive One Prize premium packages, with rates based on the number of eligible golfers, the yardage from tee to hole, and the cash value of your main prize. Some preset prize packages include exotic vacations for two, Masters tournament tickets, cars, boats and big cash prizes. Alternatively, you can customize your big prize with something you choose and provide the insurer with evidence of the attached cash value.
Torian Insurance tailors your hole-in-one insurance policy to meet your event’s specific needs. It offers coverage for hole-in-one contests, with opportunities for you to provide lavish prizes — like cash, vacations and cars — while covering million-dollar hole-in-one shoot-outs and putting contests. To find out more, you can request an online quote and Torian Insurance’s expert staff will do the rest.
The cost of your hole-in-one premium depends on the cash value of your prize, how many golfers are taking part and the selected par 3’s total yardage. Should a participating player score an ace on the insured hole, Torian Insurance will likely ask for confirmation before paying the lucky golfer out. On-site proof of the yardage and tee position — and possibly a signed affidavit from a spectator or official who witnessed the hole-in-one at the golf event — will cement the payout.
Hole-in-One U.S.A. offers prize packages that include United States vacations for two to Pebble Beach, Hawaii, the Daytona 500, the Super Bowl and the Masters. With separate international golfing vacations to Scotland or Ireland to play the famous links of St. Andrews, Carnoustie, Ballybunion and more — plus other prizes like cars, trucks and cash — this company is among the best hole-in-one insurance providers.
The cash value of these prizes helps to determine your hole-in-one insurance premium, so choosing one of the above or customizing your reward — such as a trip to climb the Himalayas — means the same thing. Whatever prize you select for your competition, Hole-in-One U.S.A. promises to cover the associated cash value. After you sign a contract, the insurer will send you complimentary tournament signage and golf club coupons for every competitor, allowing them to select a free club from various high-quality ones.
As a provider covering a wide range of sports, eSportsInsurance includes its hole-in-one insurance under its prize indemnity section. The provider only provides competition insurance coverage on a single par-3 hole exceeding 150 yards. You will offset more of your insurance premium through higher entry fees for hole-in-one tournaments with large fields and big prizes. For this reason, eSportsInsurance encourages you to use its lower-than-average premiums to maximize your prize value.
eSportsInsurance’s hole-in-one premiums run as low as $180 for an event with entry-level golfer rewards — its average coverage cost is around $400, depending on the hole length, participants and prize value. For example, insuring a $10,000 award could cost you $300 or $1,500, depending on other factors. There is no set premium, so contacting eSportsInsurance is the best way to determine your payment amount.
Beacon Club offers an individual hole-in-one insurance package or seasonal packages covering multiple events. Like Perfect Golf Event, Beacon Club includes a prize reinstatement option for an extra premium, meaning the featured prize remains available for the golfers still to play the covered par 3, even if another player has already scored an ace there.
While prize coverage is limited to $100,000, Beacon Club’s competitive rates allow you to cover individual or multiple short holes during a single round. Becoming a Beacon Club member also affords you tailored offers, special discounts and additional insurance-related resources. These pertain to golf and other club memberships for pleasure crafts, motorcycles or off-road vehicles.
You can contact the Canadian provider NFP for more details on its hole-in-one insurance coverage. Its broad focus as a provider of personal risk, business, benefits, retirement and life insurance does not detract from its status as a top hole-in-one insurance company. Its competitive coverage allows you to offer exciting tournament prizes at nominal premiums.
Unlike more specialized providers, NFP does not offer preplanned prize packages but provides sufficient coverage for you to offer appealing rewards like cash, trips, jewelry, boats, cars and more to your competing golfers. If you enjoy organizing other tournaments outside golf, keep NFP in mind for royal flush wins in poker or five, six or seven dice craps rolls, which operate on the same principle as a hole-in-one golf tournament.
GolfStatus considers nonprofit organizations its major clients. It targets fundraisers and charity golf tournaments by offering exclusive prize packages, tools, tech and expertise to maximize fundraising efforts. Besides providing insurance covering a single qualifying par-3 hole with a prize value of $15,000 for $499 or four contest holes with a prize amount of $55,000 at a set price of $899, GolfStatus also supplies integrated, all-in-one management software to track tournament registration, payments and more.
Preset prizes exist for both packages, with cash — $20,000 that you can divide between holes for the four-hole package and $10,000 for the single-hole one — and a one-year Dormie Network membership or Network Stay and Play and club credits, depending on your package choice. However, you cannot insure custom prizes through GolfStatus.
The top hole-in-one insurance companies all carry appealing benefits, depending on the competitive event you are hosting. This table compares the excellent providers listed above.
| Preset Prize Offers | Custom Prize Coverage | Multi-hole Insurance Coverage | Prize Reinstatement | Free Signage Supply | Competing Golfer Giveaways | |
| Perfect Golf Event | Yes | Yes | Yes | Yes | Yes | Per contract |
| American Hole ‘n One | Yes | Yes | Ancillary Prizes | No | Yes | Yes |
| Torian Insurance | No | Yes | Ancillary Prizes | No | Yes | No |
| Hole-in-One U.S.A. | Yes | Yes | Ancillary Prizes | No | Yes | Yes |
| eSportInsurance | No | Yes | No | No | No | No |
| Beacon Club | No | Yes | Yes | Yes | Per contract | No |
| NFP | No | Yes | No | No | No | No |
| GolfStatus | Yes | No | Yes | No | Yes | No |
More than anything else, investing in hole-in-one insurance allows you to up the value of your prize for an ace on the covered par-3 holes. Offering this prize opens up your chances of better tournament sponsors, while growing your chances of winning new business or encouraging more nonprofit support. Lastly, it takes much of the tournament organizing pressure off you as your event is more likely to succeed.
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