Now you can offer jaw-dropping prizes at your golf tournaments — prizes like new cars or exotic vacations — for a modest premium. OnPoint Underwriting places ACECO Hole-in-One Insurance, a program that lets your clients promise big awards without the big financial risk.
Overview of the Program From OnPoint Underwriting
OnPoint Underwriting administers the Hole In One Insurance via ACECO program for agents and brokers. For a modest premium — often only a few hundred dollars — ACECO assumes responsibility for paying the advertised prize if a participant makes a hole-in-one on the target hole. The program is backed by AXIS, rated “A+” by Standard & Poor’s and “A” XV by A.M. Best for claims-paying ability, giving you and your insureds financial confidence.
How it works
- You submit the tournament details (primarily the value of the main prize, number of players, and the yardage of the target hole).
- OnPoint Underwriting uses AceQuote, our online quoting tool, to obtain a rate from ACECO.
- ACECO issues the policy; if an insured aces the hole, ACECO pays the prize and your client keeps the publicity and goodwill.
Coverage Highlights and Advantages
- Low cost for high visibility — let insureds offer car, vacation, or other high-value prizes without large exposure.
- Underwritten capacity provided by AXIS, a financially strong carrier.
- Fast quoting through AceQuote — quotes typically returned within 24 hours.
- Program administered by OnPoint Underwriting with experience placing hole-in-one risks for charity, club, and corporate events.
Ideal Accounts and Appetite
This program is a natural fit for:
- Charitable fundraisers and nonprofit golf tournaments looking to boost attendance and donations.
- Private and public golf clubs that want to offer a headline prize for member events.
- Corporate outings, dealer events, and community tournaments where a single hole prize will be promoted.
Typically a good fit when the prize is a single headline item (car, trip, merchandise) and the event is an amateur or nonprofit tournament. Unusual formats, professional events, or exceptionally large prize programs may need additional underwriting review.
Underwriting Notes and Minimum Premiums
- Minimum premium: $150.
- Essential submission information: value of the main prize, expected number of players, and target hole yardage. Using AceQuote speeds the process and reduces back-and-forth underwriting questions.
- Events with very high prize values, unique terms, or nonstandard formats may require supplemental information or manual underwriting.
Territories and Availability
Available in: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY.
Why Work With OnPoint Underwriting on This Business
- Specialized program administration for hole-in-one risks — streamlined submissions and fast responses.
- Access to AXIS capacity through ACECO, giving agents a strong carrier partner for promotional prize coverage.
- Simple quoting workflow via AceQuote and responsive underwriting for typical tournament needs.
Ready to place a risk? Get a quick quote through AceQuote, or call us at 888-828-8540 or e-mail us today (Whitney Copp:
[email protected]).
Frequently Asked Questions
What information do I need to get a hole-in-one quote?
Provide the value of the main prize, the number of tournament players, and the yardage of the target hole. Submitting through AceQuote speeds underwriting and helps deliver a quote within about 24 hours.
What types of events are a good fit for this program?
This program is designed for amateur and charity tournaments, club events, and corporate outings that promote a single headline prize. Events with unusual formats or professional competitions should be discussed with underwriting first.
Are there minimums or limits I should know about?
The program has a minimum premium (typically $150). Larger or atypical prize packages may require additional review; underwriters will detail any extra information needed during the quote process.
Need help placing an account? Connect with a market specialist.