Things we should know: Hole in one Insurance

[El Presidente]

 

Japanese golfers have hole-in-one insurance.

Shutterstock

If you think that you take sports seriously, consider that an estimated four million golfers in Japan make sure that they have hole-in-one insurance before they take a swing, and have been doing so since the first such policy was offered in 1982. Amateur players pay a premium of $65 a year for $3,500 in coverage. The extra cash comes in handy if a golfer nails the impressive feat and is then expected to celebrate by paying for food, drinks, and gifts, which can cost quite a bit.

[wineguy]

Most private clubs in US have a system of it.   I get dinged on my bill $3-5  every time someone has a hole in one with a note of congrats and the name. Its voluntary but shares the burden. 

[Chibearsv]

3 minutes ago, wineguy said:

Most private clubs in US have a system of it.   I get dinged on my bill $3-5  every time someone has a hole in one with a note of congrats and the name. Its voluntary but shares the burden. 

Our club charges $20 for each hole-in-one for members that want to participate.  It happens so rarely, it's not a big expense.  I know that for golf outing hole-in-one prizes, the "donator" usually purchases insurance to cover the item that's "donated" in case someone gets the ace.

[Timothy556]

This is the dumbest thing I have ever heard. 

[thecapo]

I belong to a

private club with 250 members. If a hole n 1 is made, the club collects

10.00 from every member and the one who made the ultimate shot gets that as a credit on his or her account!!

[OrangePaw]

The guys at our club put in $1 every round played and the cash pot accumulates until someone has an ace.

Couple years ago a buddy had one on Saturday and collected a few thousand dollars.  The next day another buddy I was playing with had one and collected 18 bucks 😂 

[Chas.Alpha]

My insurance premiums should be very low... 😔

[Ken Gargett]

mum got one once. can't remember what she had for breakfast but she can give a detailed description of the hole-in-one. and does so regularly.

i got a hole-in-one-ish. corporate day years ago. on the tee on the first which was a par three, so many watching. i step up and play exactly the sort of shot you'd expect. a shocker. it dribbled to the women's tee. hoots and derision. so my next shot is from the women's tee (good luck finding something more embarrassing than that - in front of a heap of mates, colleagues and clients who are all now giving their opinion and assisting). i step and bang, straight into the hole (my victory dance is a thing of beauty).

so i figure a shot from the tee (even if not strictly the bloke's tee) is at least a hole-in-one-ish. 

[SigmundChurchill]

At my club, the insurance is part of the dues.

I love it when I am sitting by the pool and the waiter goes around offering everyone a free drink because someone just got a hole in one.

[mprach024]

$14 last month (7x$2) on my bill for Hole in One Insurance.