Prize Indemnity

Prize Indemnity  


If you're hosting a contest (such as a Hole-In-One), have you considered applying for insurance coverage? You may apply online to obtain insurance coverage for the prize offering.
Get your no-obligation instant quote and apply online today.

See how little it will cost to obtain insurance on your Hole in One or other event.


  • How are the rates determined for Prize Indemnity Insurance?

    Rates are dependent on the type of risk but generally are determined by our underwriters based on past promotions and the level of difficulty of the promotion.
  • How expensive is Prize Indemnity Insurance?

    The three factors that determine the cost of Prize Indemnity Insurance are the level of difficulty of the promotion, the number of attempts, and the prize value to be awarded. The higher the level of difficulty, the fewer the attempts and the lower the prize value, the less expensive the coverage will be.
  • How expensive is it to insure a one-million-dollar prize?

    The cost of a one-million-dollar prize can be relatively inexpensive if the promotion is more difficult. Furthermore, a one-million-dollar prize can be awarded as an annuity in 20-, 30-or 40-year increments, or as a lump sum. Choosing to award a one-million-dollar prize value as an annuity as opposed to a lump sum payment significantly reduces the present value and will decrease the premium.
  • How long does it take to get a quote?

    In most cases, your quote will be instantaneous. However, in a situation where your event does not fit the standard criteria for an instant quote, an underwriter will be notified and will respond within 48 hours.
  • What insurance carriers do you use for Prize Indemnity Insurance?

    Our Prize Indemnity program is Best Rated and we have non-admitted paper with AIG, Lloyd’s of London, and Houston Casualty Company.

    Source:  HCC Specialty Underwriters


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Steve Miller
Senior Vice President/Principal
[email protected]