Hole-In-One Insurance

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Definition of 'Hole-In-One Insurance'

Hole-in-one insurance is a type of insurance that covers the cost of a golfer's round of golf if they make a hole-in-one. The cost of the insurance varies depending on the course, but it typically ranges from $10 to $20 per round.

There are a few different ways that hole-in-one insurance can work. One common way is for the insurance company to pay the golfer the cost of the round of golf, plus any other expenses they may have incurred, such as green fees, cart fees, and food and beverage costs. Another way that hole-in-one insurance can work is for the insurance company to pay the golfer a lump sum of money, which they can use for any purpose they choose.

Hole-in-one insurance is typically purchased by golfers who are confident in their ability to make a hole-in-one. However, it is important to note that even the best golfers only make a hole-in-one once every few thousand rounds of golf. As a result, hole-in-one insurance is a relatively expensive way to protect yourself from the cost of a round of golf.

Before purchasing hole-in-one insurance, it is important to read the policy carefully to understand what is covered and what is not covered. It is also important to make sure that you are aware of the terms and conditions of the policy, such as the deductible and the maximum payout.

Hole-in-one insurance can be a valuable way to protect yourself from the cost of a round of golf if you make a hole-in-one. However, it is important to understand the cost of the insurance and the terms and conditions of the policy before purchasing it.

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