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What is Prize Indemnity Insurance? Examples, Benefits, and More
What is Prize Indemnity Insurance? Examples, Benefits, and More

What is Prize Indemnity Insurance? Examples, Benefits, and More

Sports are all about the big moments — great shots, big hits, and breathtaking plays. But some of the most memorable moments come from…

Putting Contest Insurance Guide

Picture yourself on the green, lining up a putt for the chance to win the ultimate trip for two. Intriguing, right? That's the thrill players experience when competing for exciting prizes. Tournament organizers are always seeking engaging ways to enhance the event experience, and a putting contest is a popular choice. But with the allure of big prizes comes the need to manage risks.  In this guide, we'll explore what putting contest insurance is, how it works, and why American Hole ‘n One is your ideal partner for coverage. 

What is Putting Contest Insurance?

Putting contest insurance covers the cost of designated prizes in the event a participant successfully sinks a qualifying putt. Whether it's a luxurious vacation package, a new car, or a cash prize, the prize options are limitless. This coverage not only protects the tournament organizer's budget but also enhances the event's overall appeal. American Hole ‘n One provides comprehensive putting contest insurance, allowing organizers to offer enticing prizes worry-free. 

How Does it Work?

Getting putting contest insurance is simple. First, the organizer or sponsor determines the number of participants, selects where on the green the shot will be taken, and chooses the prize at stake. A putting contest can be arranged in various ways: participants closest to the pin on par 3’s can vie for the grand prize, contestants can register beforehand, or it can be included as a raffle item. Once these details are set, the insurance provider offers coverage options and takes over from there. If a player makes a qualifying putt, the insurer must file a claim with the insurance provider, who is then responsible for paying out the prize. 

With putting contest coverage from American Hole ‘n One, we not only cover the prize but also provide high-quality event signage delivered to your preferred location at no extra cost. 

Who Needs Putting Contest Insurance?

Putting contest insurance is essential for organizers or sponsors aiming to elevate their events and create memorable experiences with high value prizes. By mitigating financial risks, putting contest insurance ensures tournament organizers focus on delivering a seamless and enjoyable tournament experience. Whether it's a charity fundraiser, corporate outing, or community event, a putting contest enhances engagement and generates revenue.  

How Much Does Putting Contest Insurance Cost? 

Putting contest insurance costs vary depending on factors such as the number of eligible players, putt distance, and prize value. Premiums are impacted by the prize amount and the likelihood of someone winning. Our team of Golf Excitement Specialists can provide a range of comprehensive putting contest insurance packages tailored to your budget.  

For personalized assistance and pricing details, please reach out to us at (800) 822-2257 or visit our website to get a quote. 

Putting Contest Coverage with American Hole ‘n One 

With over 30 years of experience, American Hole ‘n One is a trusted and established partner in the prize indemnity business. We offer national and international coverage up to $25 million per event. We are your one-stop shop for all your golf tournament needs, from prize indemnity coverage to on-course signage. Additionally, we provide exclusive bonus prizes for hole-in-one contests at all additional par 3 holes, at no extra cost. When organizing your next golf event, enhance the excitement by considering a putting contest and ensuring comprehensive insurance coverage with American Hole ‘n One. 

Putting Contest FAQ 

What is the typical putt distance for the contest? 

The distance is usually 60 feet or greater. 

Does the contest need to be videotaped? 

Yes, the contest must be recorded. 

Should the measurement of the putt distance also be videotaped? 

Yes, recording the measurement is required. 

Does each contestant need to sign an affidavit confirming their eligibility? 

Yes, all contestants must sign an affidavit to confirm their eligibility. 

 

About American Hole ‘n One   

Founded in 1986, American Hole ‘n One (AHNO) revolutionized the golf promotions industry. Since the beginning, AHNO has been dedicated to serving each and every client with complete commitment to their promotion needs. As the company began to grow, our division Grand Prize Promotions (GPP) emerged to provide promotions for sporting events that could meet any business’ needs. Our 15,000 square foot, in-house print shop, offers the highest quality signage to our esteemed clientele. Located in historic downtown Buford, GA, AHNO has grown into the world’s largest hole in one insurance provider and event promotions company. Insured by A+ XV rated Everest National Insurance Company, American Hole ‘n One is dedicated to assisting clients in accomplishing their goals and making sure every event is a success!’ 

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