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Golf insurance is very cheap compared to other insurable events, such as health insurance or auto insurance. For a small cost, golfers can insure themselves against injuring another player during a round, having their golf equipment stolen, damaging property with a poorly hit shot, and even insure the cost of having to pay for a round of drinks, the traditional "reward" for achieving a hole in one.
Golf insurance is available from most auto insurance companies or health insurance specialists.