Golf insurance ........ good thing? or waste of cash

[madandra]

Golf insurance? I am considering getting some for next season but was wondering :

Is it all it's cracked up to be?

Does anybody have insurance already and are you glad you got it?

I have heard the companies always find a way of not compensating the loss.

I would like some testimonials for companies you have used as I would be inclined to use one of them rather than go cold calling.

 

[RGuk]

I've never bothered.....if something "terrible" was to happen, would it not be up to the third party to prove you were negligent in some way?

I suppose if its cheap???

Dave

 

[DriveForShow]

The insurance industry is based on the premise of people paying them large amounts for cash for events that are unlikely to happen. This is turn means that they pay their customers as a whole a much smaller amount of money in return. It's how they make their profits. So as a general rule insurance is a good thing for the shareholders of insurance companies. Less so for the customers!

Check whether you are not already covered. Some clubs have already taken out insurance for their members or those playing their course.

 

[RGuk]

The insurance industry is based on the premise of people paying them large amounts for cash for events that are unlikely to happen.

How funny! me 'n' the missus have just passed the £15,000 mark on motor insurance over the years.....never had a penny back...scary...

I wouldn't waste my money!! I might (almost) consider it for my clubs if I had a really valuable set

 

[cosworth]

you can get it for about £22 to £30 but not got a clue what use it is.

 

[BunkerMentality123]

I would say it depends on a few things.....

1) Do you play on a course with lots of blind or criss-cross holes where there is a likelihood you might hit someone.

2) Do you play wildly (ie hitting more wrong fairways than you should) again increasing the danger of you hitting someone.

3) Do you have really expensive gear that isn't covered by away from the house (house insurance).

4) Are you skint enough that getting a hole in one would break the bank (ie because of all the drinks you have to buy).

If the answer is no to all these questions I wouldn't bother, as this is about all these poilicies seem to cover.

 

[muttleee]

Who made up the rule that you have to buy all those drinks anyway? Shouldn't people have to buy YOU drinks to celebrate your achievement??

Not that it'll ever be a concern for me personally. Getting a green-in-one is usually enough for me.

 

[Fyldewhite]

Yes, the whole concept of insurance is that the majority pay in and a small minority get paid out larger amounts when bad things happen. You can't judge insurance as being poor value if you get out less than what you pay in as it can't ever work that way. I'd be surprised to see the same comments about house insurance. You pay your money for the peace of mind.

That said, it does depend on circumstances. I keep my clubs at the course in a locker (home insurance normally doesn't cover this under contents). My course adjoins several roads as well as the local hospital all of which are well within range. Coupled with cover for clubs abroad, hole in one and any damage I may do to fellow golfers I think the 72p a week I pay is pretty good value.

 

[Teetotal]

I've got my clubs on both home and travel insurance for no extra cost. Have listed all my expensive clubs. With the travel insurance I get a pay out if I hit someone though not at home, though if you shout 'Fore' doesn't that get you off any nasty legal bills as it's an accident?

 

[viscount17]

I wouldn't bet on it teetotal, though I can see the vultures (sorry lawyers) preening their feathers.
"I submit that the word 'Fore' was uttered with insufficient volume and far too late to allow my client to take cover".

 

[GB72]

I agree, as I am a vulture myself (I prefer the 'term blood suking leach on society' but vulture will do)I believe that a shout of fore is not enough to avoid liability in the same way that shouting move is not an excuse for running someone over. Sadly I suspect that unless the person hit was standing in a particularly stupid place so as to warrant a defence of contributory negligence then the liablity would stand with the person hitting the ball.

 

[medwayjon]

My home insurance is with more than.

I had my clubs nicked on a municipal on the Friday. On the Monday I was fully kitted out with new gear.

Excellent.

 

[clubchamp07]

My house insurance covers me for lost gear, I dont know about hitting anyone but hopefully I'll never need to find out. I had a hole in 1 in July and it cost me £85 in a bar bill, but I didn't mind as I won our club championship. "Hence the name" everyone was sayin that I should of had the insurance, but like all insurance's we pay alot in and get nothing out.

 

[Parmo]

I am a beginner/intermediate and I have been thinking about it every time I buy a golf mag and see the adverts. I usually play alone so anyone witnessing my hole in one will be nil except me, I do need some cover on my clubs just in case they get stolen when I need an upgrade

But the chances of hitting someone are quite slim though I would of thought if you take care, but then again most people wouldnt take it as part of the game and take legal action to raise funds for the latest Callaways.

 

[Gary]

I took out golf insurance last year but I won't be renewing it this year. the reason? When I read the small print, I realised that the risks covered are negligible.

Why are members of my family excuded if I injure them? Why so many exclusions on where your clubs are if stolen? Some policies even exclude the property from theft cover 'when it is unattended'!!!!

There is a case for insurance (basic liability for injury and theft of equipment would do), but it needs to cover you for something. This needs to be addressed by the industry.