Hole-in-One insurance

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This type of insurance covers the risk of successfully playing a hole on one stroke (so-called Hole-in-One) during the insured golf tournament. The insurance protects the tournament organizer from paying out the prize if one of the tournament participants plays a hole on one stroke. The insurance claim payment is the value of the prize provided by the tournament organizer to the Hole-in-One competition before the start of the tournament. Only the hole designated by the tournament organizer specified in the insurance policy is insured, as a rule it is the par-3 hole with the highest level. Insurance can only be arranged for amateur golf tournaments, individually for a single tournament as well as for a series of tournaments.