Golf Courses May Offer Hole-In-One
Insurance to Cover Drinks

Shooting a hole-in-one can be an expensive proposition. Just in case Lady Luck smiles on one of their tee shots, members at many local clubs can chip $5 or $10 into a hole-in-one kitty, insurance to cover the cost of buying a few celebratory rounds at the 19th hole.

The intent of any hole-in-one program at a local golf club is to spread good cheer among the membership, usually in the form of buying a round of drinks for the people at the bar when the lucky golfer turns in his or her card. This program helps offset the cost of the hole-in-one bar tab and often leaves a little extra to buy something nice from the Golf Shop.

Each member who wishes to participate in the hole in one program joins for a fee. Fees could be set at any amount but $5 to $10 is common. When a member makes a hole in one that lucky individual receives 100 percent of the money collected. Another $5 is collected (charged to their account) from the members each time a hole in one is made to re-establish the fund.

The hole in one program may include a way of dispersing monies if the fund grows over a certain amount. The usual way is to evenly divide the surplus money among all the participants in the program.

To collect the funds in the hole-in-one insurance program, a member would have to meet certain requirements that might include being registered on the tee sheet, playing a minimum of 9 holes and be playing with another member or guest.