Amwins launches flood insurance to protect US golf courses from revenue loss

Amwins, a distributor of specialty insurance products and services, has launched the “Tees-to-Green” flood insurance programme in partnership with Floodbase and supported by highly-rated carriers.

This programme is designed to cover US golf courses for revenue loss and repair costs due to flooding, addressing a critical gap in current flood insurance options for courses and events

Many courses are built on flood-prone land, but standard insurance usually only covers physical assets such as golf carts, clubhouses, maintenance facilities, and equipment.

Coverage for course damage and business interruptions due to flooding is often not included, leading to substantial financial losses during closures.

When a course is out of commission for days, weeks, or longer, the resulting revenue loss can impact green fees, concessions, hotel bookings, restaurant sales, and other key income sources.

Alex Kaplan, Executive Vice President for Alternative Risk at Amwins, added: “The golf industry has always been very vulnerable to flooding. As the risk of flooding grows, courses need more options. By partnering with Floodbase, we unlock a tremendous opportunity by enabling products that pay out based on the magnitude of flooding.

“Amwins has a track record of introducing advanced parametric products that address uncovered risks, and we are excited to make Tees-to-Green available to select distribution partners before making it generally available.”

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