Hole In One Insurance Licensing Checklist

Planning a hole in one contest? Partnering with a licensed insurance provider isn’t just smart—it’s essential. The right provider protects your prize, your event, and your reputation.

Here are 6 things to look for when evaluating your options:

Licensed in the Event's State

The provider must be licensed in the state where your event is being held. This confirms they're operating legally and that your coverage complies with local insurance regulations. State-specific licensing also means that the provider is familiar with the local insurance laws and requirements, ensuring your coverage is tailored to meet all legal obligations.

Verifiable Credentials

A trustworthy provider will have no issue sharing their license number or documentation. You can independently verify this through your state’s Department of Insurance or the NAIC to confirm they’re legitimate. This added layer of transparency gives you confidence that you’re working with a provider who is legally authorized and regulated, giving you peace of mind that your contest is properly covered.

Experience in Prize Indemnity

Choose a provider with experience specifically in prize indemnity and promotional insurance. Specialized knowledge means they’ll understand how to structure coverage properly and avoid common pitfalls. They’ll also be familiar with the unique risks and challenges of hole in one contests, allowing them to provide tailored solutions that protect both you and your event.

Backed by a Strong Carrier

Even if the provider is licensed, the policy itself should be underwritten by a reputable, financially stable carrier. A solid backing means your prize payout will be reliable if someone makes the winning shot. 

Clear, Straightforward Policy Terms

Coverage should be easy to understand with clearly stated rules, limits, and exclusions. Avoid providers who make it difficult to get straight answers or bury important details in fine print. A reputable provider will take the time to explain the terms of your policy in simple language, ensuring you're fully informed about what is and isn’t covered.

Reliable Support from Start to Finish

A quality provider will be responsive, helpful, and knowledgeable. From quoting to claim handling, they should guide you through the process with professionalism and clarity. If issues arise during your event or claims process, quick and efficient customer support is crucial for keeping the experience smooth and hassle-free.