What is Hole-in-One Insurance?

​Hole-in-one insurance is also known as prize indemnity insurance. 

Hole-in-one insurance allows event organizers to offer big ticket prizes to contestants. Would you rather win a BBQ or a brand new car? This insurance will pay for the prize in the event that someone wins it. 

The likelihood of getting a hole-in-one is 1 in 12,500, or 0.008%. Why would you, as an organizer, want to buy a brand new vehicle if there was only a 0.008% of someone taking it home?

This insurance covers more than just hole-in-ones. 

• Half-court shots in basketball games
• Field-goal kicks in football
• Home runs in baseball
• Blue-line goals in hockey
• Weather contests
• Crack the code contests
• Envelope draws

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(506) 466-3330
78 Milltown Blvd
St. Stephen New Brunswick Canada E3L 1G6
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Premiums for this type of coverage are usually between 3% and 15% of the value of the prize you're offering. If you're offering a $30,000 car as a prize, your premium could be between $900 and $4,500. If no one wins the prize, the company retains your premium for the risk of someone winning. 

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The Guy R Day Difference

​You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for... Most insurance products are similar in price and function, insurance providers are very different when it comes to creating a policy that actually covers you. 

Contact us to learn more about the right prize insurance for you.