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Hole-In-One Insurance | Latest News

Why golfers buy hole-in-one insurance

The goal of insurance is usually to protect us from life’s least happy circumstances: the loss of a family’s primary breadwinner, the theft of one’s car, the onset of an illness requiring expensive treatment. We buy insurance to protect us from ... read more

Hole-In-One Insurance

What is 'Hole-In-One Insurance' A product that offers financial protection to golf tournament sponsors offering expensive prizes to contest winners. Hole-in-one insurance is a type of prize indemnification insurance that gets its name from the practice of ... read more

Hole-in-one and other odd insurance policies

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 for it, among other types of odd insurance. Golfers ... read more

Here’s why you’ll never want to hit a hole-in-one in Japan

Luckily, insurance companies are here to help. Hole-in-one insurance Something known as “hole-in-one insurance” exists in a lot of countries as a type of prize indemnity insurance that covers tournament organizers. Let’s say you want to hold a ... read more

Insurance Business Elite Agency buys Hole-in-One insurer

They’re the ones taking on that 2,500-in-1 probability of a hole in one on any given PGA tour, and they’re joining the NFP family. The New York-based broker said in an announcement that it has acquired Hole-in-One USA (HIO) to add to its employee ... read more

Bogied Prizes: Hole-in-One Can Be Expensive

was sentenced in February in Washington state to 86 days in jail and he was ordered to pay $15,000. Kolenda sold hole-in-one insurance without a license, and often failed to pay when a golfer made the shot. According to a statement from Washington state ... read more

Convicted hole-in-one insurance scammer facing more charges

A man who admitted to stealing money for years meant for local charity golfers will be back in court Thursday on new charges. Kevin Kolenda, an accused con-artist from Connecticut, was extradited from Connecticut to Washington in 2012 to face charges of ... read more

Man accused of hole-in-one insurance policy scam

Accused of a scam involving hole-in-one insurance policies, Kevin Walter Kolenda of Norwalk, Conn., allegedly cheated various local golfers out of hundreds of thousands of dollars. According to a report in the Norwalk Patch, here's how Kolenda allegedly ... read more

Hole-In-One Insurance

Now imagine the look on the underwriter’s face when informed of the claim. Hole-in-one insurance is prize coverage for a specified hole that allows the sponsor to offer an exciting prize without the risk. Many companies offer this type of coverage and ... read more
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