The way I understand the Hole in One risk, the hole is identified with yardage before the coverage is issued. Unless Greenbriar designated a wrong yardage, the underwriters are liable for the prize money. What a joke! At least the fans got their money in cash.
Those guys move tee boxes and hole locations around round-by-round, and I doubt they gave much thought to their H-N-1 coverage. Have they had any recent weather that forced them to make more unusual configurations than normal, perhaps?
Ultimately, what matters is the policy – you know that pesky contract with the note at the top that says, “Please read your policy carefully” or “Please review your policy with your agent”.
I don’t think that matters either. All states have Cancellation/Nonrenewal minimum notice requirements – I think WV is 30 days, although I’m not sure that’s applicable to Specialty Insurance like HN1.
But I do know if you haven’t started Cx for NP process BEFORE the loss, a state might consider the denial a little suspect.
The way I understand it, if you want the insurance, you need to pay the premium on or before the due date! If you don’t do that, then there is no coverage. Pretty simple.
Perhaps Greenbriar should have put someone else in charge to place the Hole in One coverage since an obvious idiot did it this time. It is not rocket science and many amateur events do it all the time without a problem. I witnessed a shot one time where the lucky golfer won a trip. Boy, was he excited.
With certain modifications to the par threes next year such as a more reflexive material in the bottom of the cups, or stretching saran wrap over the cup (to be removed as the players approach the green) any losses could be recouped. In the mean time let’s all be happy.
Spoken like a true non golfer. Real golfers know that a par 3 has the pin in the hole. It is rather difficult to use saran wrap over the cup with the pin in it. The PGA Tour regulates the cup depth, material in it. Go back and do some research.
I missed the condition in the policy that says you have to pay the premium. It is the duty of the first named insured to pay, but if they issued policy it’s in force.
The underlying factor here is part of the Acceptance was based on the 170 yard stipulation. If the drives were 137 yards, they did not qualify for the “payout” per their policy. If the club wants to hand the money out, that is on them as the policy did not offer for less tat 170 yards.
You are right that the offer was made on a 170 yard shot, not 137. No wonder two were made by PGA Tour pros. The Greenbriar folks were obligated to pay out of pocket for what they gave away, but they have plenty of money and the fans were happy.
When will people understand there are RULES to these contests. I think Washington State Insurance Officiasls whom boneheaded up interpretations of legitimate Hole in One Contests and others need to go out & play golf at least once
DITTO . . that Washington State Insurance Official also bungled up INVALID Hole in One Contest contractual agreements. They were seeking PR . . . but not an excuse . . . doesn’t anyone bother to read the RULES or play golf.
This is well know amongst golf professionals that these contest have rules they actually have a class on it. I guess Insurance people need to take the class especially the nimrods of Washington State Insurance commissioner’s office
I have seen Tour Pro’s win cars for Hole in Ones. The coverage was purchased prior to the tournament starting and was for the value of the vehicle. I have never seen a par 3 less than 170 yards in a contest. Usually, it is 200 yards or more. Of course, for a tour pro, that is about a 6 iron these days.
The way I understand the Hole in One risk, the hole is identified with yardage before the coverage is issued. Unless Greenbriar designated a wrong yardage, the underwriters are liable for the prize money. What a joke! At least the fans got their money in cash.
Those guys move tee boxes and hole locations around round-by-round, and I doubt they gave much thought to their H-N-1 coverage. Have they had any recent weather that forced them to make more unusual configurations than normal, perhaps?
Ultimately, what matters is the policy – you know that pesky contract with the note at the top that says, “Please read your policy carefully” or “Please review your policy with your agent”.
There’s that little detail about premium payment, too. It’s customarily paid before the loss, I think.
I don’t think that matters either. All states have Cancellation/Nonrenewal minimum notice requirements – I think WV is 30 days, although I’m not sure that’s applicable to Specialty Insurance like HN1.
But I do know if you haven’t started Cx for NP process BEFORE the loss, a state might consider the denial a little suspect.
The way I understand it, if you want the insurance, you need to pay the premium on or before the due date! If you don’t do that, then there is no coverage. Pretty simple.
Perhaps Greenbriar should have put someone else in charge to place the Hole in One coverage since an obvious idiot did it this time. It is not rocket science and many amateur events do it all the time without a problem. I witnessed a shot one time where the lucky golfer won a trip. Boy, was he excited.
the importance of the completed and signed application.
With certain modifications to the par threes next year such as a more reflexive material in the bottom of the cups, or stretching saran wrap over the cup (to be removed as the players approach the green) any losses could be recouped. In the mean time let’s all be happy.
Spoken like a true non golfer. Real golfers know that a par 3 has the pin in the hole. It is rather difficult to use saran wrap over the cup with the pin in it. The PGA Tour regulates the cup depth, material in it. Go back and do some research.
I missed the condition in the policy that says you have to pay the premium. It is the duty of the first named insured to pay, but if they issued policy it’s in force.
all of these specialty . . . require payments PRIOR to . . . have you ever tried to buy a lottery ticket the day after LOL
There are 3 parts to a contract, Offer, Acceptance, and Consideration.
Only 2 parts of this contract were satisfied.
The underlying factor here is part of the Acceptance was based on the 170 yard stipulation. If the drives were 137 yards, they did not qualify for the “payout” per their policy. If the club wants to hand the money out, that is on them as the policy did not offer for less tat 170 yards.
You are right that the offer was made on a 170 yard shot, not 137. No wonder two were made by PGA Tour pros. The Greenbriar folks were obligated to pay out of pocket for what they gave away, but they have plenty of money and the fans were happy.
When will people understand there are RULES to these contests. I think Washington State Insurance Officiasls whom boneheaded up interpretations of legitimate Hole in One Contests and others need to go out & play golf at least once
DITTO . . that Washington State Insurance Official also bungled up INVALID Hole in One Contest contractual agreements. They were seeking PR . . . but not an excuse . . . doesn’t anyone bother to read the RULES or play golf.
This is well know amongst golf professionals that these contest have rules they actually have a class on it. I guess Insurance people need to take the class especially the nimrods of Washington State Insurance commissioner’s office
I have seen Tour Pro’s win cars for Hole in Ones. The coverage was purchased prior to the tournament starting and was for the value of the vehicle. I have never seen a par 3 less than 170 yards in a contest. Usually, it is 200 yards or more. Of course, for a tour pro, that is about a 6 iron these days.