Insurance policy to reimburse the prize won by a player when making a “Hole in One” while playing in a golf tournament in Puerto Rico.
MAPFRE PUERTO RICO has designed an insurance policy to reimburse the prize won by a player upon achieving a “Hole in One.” This policy is purchased mainly by organizations that will offer a high value prize in a Golf Tournament.
The “Hole in Once Insurance” may be offered in formally organized golf tournaments sponsored by any entity, association, and/or existing business. The basic requirements are the following:
- The hole must have a minimum distance of 175 yards.
- The participants cannot be golf professionals.