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This document is an application for obtaining hole in one and prize indemnification insurance for a golf tournament. It requires details about the applicant, the tournament, the target hole, and eligibility
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How to fill out aui hole-in-oneprize indemnification application
How to fill out AUI Hole-In-One/Prize Indemnification Application
01
Obtain the AUI Hole-In-One/Prize Indemnification Application form from the AUI website or a local affiliate.
02
Fill in the event details including the name of the event, date, and location.
03
Provide information about the organization hosting the event, including contact details.
04
Specify the prize amount and description of the prize to be awarded for a hole-in-one.
05
Include details of the liability coverage being requested.
06
Sign and date the application confirming the information is accurate.
07
Submit the completed application to AUI along with any required documentation.
Who needs AUI Hole-In-One/Prize Indemnification Application?
01
Golf tournament organizers who wish to offer a hole-in-one prize.
02
Charities or non-profits hosting fundraisers that include golf events.
03
Businesses sponsoring golf tournaments that include cash or merchandise prizes.
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People Also Ask about
How much is the average hole in one insurance?
How Much Does Hole In One Insurance Cost? Hole in one coverage starts at $180 and is dependent upon the variables mentioned above. The average hole in one prize contract runs under $400 and includes everything you need to run a successful hole in one contest.
What are the limitations of prize indemnity insurance?
Prize Indemnity The policy limits can range from $2,500 to well over $1 million, or the cost to purchase an annuity to pay out the prize over time.
How much does hole in one insurance cost?
As a guide from 2022 it was about $2,500 for a $50,000 Hole in One Prize (NOTE: this would be added to your Hole in One Sponsorship Package Price - $1,700 + $2,500 = $4,200). Additionally you also cover the Nearest the Pin on this hole and will be providing the prize for this competition.
What is the insurance for a hole in one?
Average Cost of Health Insurance by State StateAvg. Monthly PremiumState California $432 New Jersey Colorado $380 New Mexico Connecticut $627 New York Delaware $549 North Carolina22 more rows • May 12, 2025
What is an example of prize indemnity?
Examples include: jackpot insurance for lotteries; amateur hole-in-one; half-time cross bar challenge promotions at sports events; or sales promotions contingently linked to the positive achievements of sports professionals or teams.
How much does it cost to sponsor a hole in one?
What is Hole In One Insurance? Hole in one insurance (also referred to as prize indemnity insurance) is a type of insurance policy which is designed to cover golf tournament sponsors offering prizes to any golfer who can score a hole in one on the golf course.
How much does prize indemnity insurance cost?
The typical premium for prize indemnity insurance is 3 to 15 percent of the prize value. If the prize was $10,000 cash, the premium might range from $300 to $1,500, depending on the calculated odds of winning.
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What is AUI Hole-In-One/Prize Indemnification Application?
The AUI Hole-In-One/Prize Indemnification Application is a form used by organizations to protect themselves financially against the payout of prizes for hole-in-one contests or similar events. It allows entities to obtain insurance coverage for the potential prize amounts.
Who is required to file AUI Hole-In-One/Prize Indemnification Application?
Organizations, such as golf courses or event planners, that host hole-in-one contests or similar prize events and wish to insure the potential payouts for those prizes are required to file the AUI Hole-In-One/Prize Indemnification Application.
How to fill out AUI Hole-In-One/Prize Indemnification Application?
To fill out the AUI Hole-In-One/Prize Indemnification Application, organizations need to provide details about the event, including the date, location, prize amounts, and participant information. It typically involves completing the application form with accurate data and submitting it to the insurance provider.
What is the purpose of AUI Hole-In-One/Prize Indemnification Application?
The purpose of the AUI Hole-In-One/Prize Indemnification Application is to secure insurance coverage for potential cash prizes or valuable items offered in hole-in-one contests, mitigating financial risk for the event organizers in case a participant successfully makes a hole-in-one.
What information must be reported on AUI Hole-In-One/Prize Indemnification Application?
The information that must be reported on the AUI Hole-In-One/Prize Indemnification Application includes the event date, location, specific details about the contest, prize amounts, the nature of the prizes, and any relevant terms and conditions related to the contest.
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