Hole In One Insurance
Specialised insurance coverage for golf tournament hole-in-one prizes, protecting event organisers from the financial risk of awarding prizes ranging from golf clubs to luxury cars.
What you need to know
How this protects you
Coverage for prizes from golf clubs to luxury vehicles worth hundreds of thousands
Competitive premiums typically between $500-$2,000 for NZ events
Seamless claims process managed by experienced brokers on your behalf
Direct liaison with A-rated insurers ensuring prompt prize payouts
Flexible application: online, phone, or in-person consultation available
Complete peace of mind to offer spectacular prizes without financial exposure
Years of experience
Clients protected
5-star reviews
What's covered
Hole In One insurance specifically covers the full cost of the prize if a participant achieves a hole in one during your golf event. This comprehensive coverage means if a golfer hits that perfect shot, the insurance pays for the entire prize expense, whether it's a luxury car, substantial cash prize, golf equipment package, or any other valuable item you've promised for the achievement.
Gerrards can arrange insurance cover for an extensive range of Hole In One prizes. From modest items like a premium set of golf clubs or holiday vouchers, to spectacular high-end rewards such as the latest model luxury cars, boats, or cash prizes worth tens of thousands of dollars. No matter the size or value of the prize, we can help you secure the right coverage tailored to your tournament's ambitions.
The policy responds when a qualifying hole in one is achieved under the conditions specified in your coverage. This includes witness verification requirements, hole distance specifications, and participant eligibility criteria. Your coverage ensures that when that exciting moment happens, you can celebrate with the winner without worrying about the financial implications of fulfilling your prize commitment.
Why you need this
Offering an attractive hole-in-one prize is one of the most effective ways to generate excitement and attract participants to your golf tournament. However, the financial risk of actually having to pay out for a luxury car or substantial cash prize can be prohibitive for many event organisers. Hole In One insurance eliminates this barrier, allowing you to offer spectacular prizes that create buzz and drive participation without putting your budget or organisation at risk.
The reality is that while hole-in-one odds are generally low (approximately 1 in 12,500 for amateur golfers), they do happen, and when they do, you need to be prepared. Without insurance, a single successful shot could cost your organisation anywhere from a few thousand to over $100,000 depending on the prize offered. This unexpected expense could devastate an event budget or even threaten the financial stability of smaller clubs and charitable organisations.
Beyond the financial protection, Hole In One insurance provides credibility to your event. Participants know that if they achieve this remarkable feat, the prize is guaranteed and will be delivered. This assurance increases participation, enhances your event's reputation, and allows you to market your tournament with confidence. Whether you're running a charity fundraiser, corporate golf day, club championship, or community event, hole-in-one coverage ensures you can offer the excitement of life-changing prizes while maintaining complete financial control.
Three Easy Ways to Get Protected
Secure your golf tournament prize coverage through your preferred method
Apply Online
Complete our simple online application form with your event details, prize information, and participant numbers. Receive your quote quickly and conveniently from anywhere.
Call Our Team
Speak directly with our experienced brokers at 0800 374 691. We'll discuss your tournament requirements, prize details, and arrange tailored coverage that meets your needs.
Visit Our Office
Come in for a face-to-face consultation with our insurance specialists. We'll provide personalised advice and arrange comprehensive coverage for your event.
Get Covered
Receive your policy documentation and certificate of coverage. Your tournament is now protected, allowing you to promote your exciting prize with complete confidence.
Pricing factors
Hole In One insurance premiums are calculated based on several key factors that affect the likelihood and potential cost of a claim:
- Prize value - Higher value prizes (such as luxury cars) result in higher premiums than modest prizes like golf equipment
- Hole difficulty - The length of the hole, terrain features, and typical scoring difficulty all impact pricing, with easier holes costing more to insure
- Number of participants - More golfers attempting the hole increases the probability of a hole in one, affecting the premium calculation
- Event format - Single-day tournaments versus multi-day events, and whether multiple attempts are allowed per participant
- Hole specifications - Distance from tee to pin, hole layout, and whether professional or amateur golfers are participating
- Claims history - Your organisation's previous claims experience with hole-in-one coverage may influence pricing
In New Zealand, Hole In One insurance premiums typically range between $500 to $2,000, though this can vary based on the specific combination of factors above. Contact Gerrards for a tailored quote based on your tournament's unique requirements.
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Make Your Golf Event Unforgettable
Protect your tournament with comprehensive hole-in-one prize coverage
