Why "cheapest" has never been a byword for quality

Don't be led by the lowest priced golf insurance
If someone on the street was trying to sell you their product priced around £30, was already offering you a 25-30% discount PLUS they were willing to give you other products worth up to £550 how would you feel? Suspicious? We would be too. Unfortunately these are the kinds of marketing messages you’ll be bombarded with when comparing golf insurance providers.  OUR FIRST BIT OF ADVICE: Always read the policy small print; check there’s adequate cover; don’t be afraid to ring the provider and ask about the policy cover. "Cheapest" has never been used as a byword for quality or value for money.

When and where you and your equipment are covered is essential.
We know of three providers that don’t (or won’t) cover your equipment being stolen from your locked vehicle overnight or between the hours of 10pm and 8am. Does that mean car crime doesn't happen during the hours of darkness?! Coincidence that these are the cheapest golf insurance policies available?

Why buy an insurance policy that doesn’t give you the cover you need?
We know it sounds ridiculous but so many people just look at the lowest priced premium and don’t read the detail of the actual insurance cover provided. At Golfplan we do things differently, our focus has always been on providing a superior level of care and customer service along with comprehensive policies, so you know exactly what you’re paying for.

Here's some of the cover you should look out for when comparing golf insurance providers:

BRAND NEW replacement “like-for-like”  clubs regardless of age at time of loss
BUGGY COVER  for theft, loss or damage and Public Liability
PUBLIC LIABILITY  to £5 million
ACCIDENTAL DAMAGE  to £2 million
24-HOUR EQUIPMENT COVER includes theft from an unattended car boot, or someone else’s car boot
IN-HOUSE equipment claim settlements via a network of over 2000 PGA golf professional outlets within 5 working days of notification
NO PREMIUM INCREASE or cover restriction after claim settlement
NO POLICY EXCESS for total loss equipment claims
PREMIUM DISCOUNTS for juniors, partners, families and seniors
IMMEDIATE COVER 24/7

You can get a free golf insurance quote online in minutes

2012 Golf "Rich List"

Rory McIlroy, the 23-year-old Northern Ireland golfer who won the 2011 US Open, has already amassed a fortune worth £11m, according to the third annual Sunday Times Sport Rich List published in a special supplement free with The Sunday Times on 6 May.

McIlroy is one of 12 golfers to feature in The Sunday Times Sport Rich List 2012, which profiles the 100 wealthiest sportsmen in Britain and Ireland. Last year, McIlroy only featured in the list of wealthy young sportsmen, aged 30 and under, with a £7m fortune. The 2012 Golf Rich List is headed by Sir Nick Faldo, worth £34m, who is estimated to have added £2m to his fortune in the last year, after tax, from television commentary, golf course design and sponsorship deals.

Lee Westwood and Darren Clarke have each seen their golf fortunes fall by £6m after they lost money by jointly buying a 10-seater Challenger 601 jet at the top of the market and selling at the bottom.

The third annual Sunday Times Sport Rich List is published in a special supplement, which profiles the 100 wealthiest sportsmen in Britain and Ireland and the 40 richest young sportsmen, aged 30 and under. The list is based on identifiable wealth (earnings, property, other assets such as art and racehorses, or significant shares in publicly quoted companies), and excludes bank accounts (to which the paper has no access).

 

Of course, the wealth of the golfing elite far outweighs anything most of us ordinary golfers will earn (but we all hope for a Lottery win!). One thing golfers do have in common is their golf equipment. Most of us have accumulated a wealth of equipment over the years - whether we've invested in it via hard work, savings, an impulse purchase or as a result of a windfall - we do INVEST in it. It's something we should cherish, after all, we play the game for enjoyment and our golfing equipment helps elevate that enjoyment. That's part of the reason we should all add the best golf insurance we can afford to our shopping lists. Specialist golf insurance is something that many golfers don't consider - certainly not at the time of purchasing golf equipment. BUT WE ALL SHOULD.

Don't assume you're covered by other insurance policies - even if they are specifically for golf.
For example, don’t assume your home insurance covers your golfing equipment. Unless you’ve paid extra for specific cover, most home insurance policies offer restricted cover for your golf equipment and you may not be covered for sporting related injury. If you’re paying extra for specific golf insurance via your home insurance provider you may be paying significantly more in premiums than the cost of the most comprehensive golf insurance policy.

When and where you and your equipment are covered is essential.
We know of three providers that don’t (or won’t) cover your equipment being stolen from your locked vehicle overnight or between the hours of 10pm and 8am. Does that mean car crime doesn't happen during the hours of darkness?!

Don't be led by the lowest priced golf insurance
If someone on the street was trying to sell you their product priced around £30, was already offering you a 25-30% discount PLUS they were willing to give you other products worth up to £550 how would you feel? Suspicious? We would be too. Unfortunately these are the kinds of marketing messages you’ll be bombarded with when comparing golf insurance providers.  OUR FIRST BIT OF ADVICE: Always read the policy small print; check there’s adequate cover; don’t be afraid to ring the provider and ask about the policy cover. "Cheapest" has never been used as a byword for quality or value for money.

Why buy an insurance policy that doesn’t give you the cover you need? We know it sounds ridiculous but so many people just look at the lowest priced premium and don’t read the detail of the actual insurance cover provided. At Golfplan we do things differently, our focus has always been on providing a superior level of care and customer service along with comprehensive policies so you know exactly what you’re paying for.

Here's some of the cover you should look out for when comparing golf insurance providers:

BRAND NEW replacement “like-for-like”  clubs regardless of age at time of loss
BUGGY COVER  for theft, loss or damage and Public Liability
PUBLIC LIABILITY  to £5 million
ACCIDENTAL DAMAGE  to £2 million
24-HOUR EQUIPMENT COVER includes theft from an unattended car boot, or someone else’s car boot
IN-HOUSE equipment claim settlements via a network of over 2000 PGA golf professional outlets within 5 working days of notification
NO PREMIUM INCREASE or cover restriction after claim settlement
NO POLICY EXCESS for total loss equipment claims
PREMIUM DISCOUNTS for juniors, partners, families and seniors
IMMEDIATE COVER 24/7

You can get a free golf insurance quote online in minutes

The Sunday Times Sport Rich List 2012 is compiled by Philip Beresford and Alastair McCall and is edited by Ian Coxon.