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Hole-in-one insurance, often purchased by a golf tournament host or sponsor, reimburses tournament organizers for the cost of awarding a hole-in-one prize in the event a tournament participant successfully hits a hole-in-one during the tournament. According to the newspaper USA Today, the odds of an amateur golfer hitting a hole in one on an ...
The insurance company that was required to make the payoff, American Hole 'N One Inc, voided the payment because Calhoun had played college basketball, a violation of the rules. However, the sponsors of the event, Coca-Cola , the Lettuce Entertain You restaurant, and the Bulls, pledged to cover the prize if the insurance company would not.
As someone who doesn't golf much and has never hit a hole-in-one, no matter how good the odds, I don't expect I'll ever need hole-in-one insurance. But some people must, because there's a market ...
In golf, a hole in one or hole-in-one occurs when a ball hit from a tee to start a hole finishes in the cup. The feat is also known as an ace, mostly in American English.As the feat needs to occur on the stroke that starts a hole, a ball hit from a tee following a lost ball, out-of-bounds, or water hazard is not a hole-in-one, due to the application of a stroke penalty.
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