Gold Insurance

Here's the answer to the illusive golf question!

There's a special insurance in Japan for golfers. What liability does it cover? and how much does it usually pay out?

A couple of you guessed the answer: Hole in One.
When someone gets a hole in one, they are required to celebrate.
First, they will pay everyone's fees that they are golfing with that day.
Then they will take them drinking that night.
Later they will celebrate by holding a big party for their friends, and
another one for their co-workers. And finally they will choose a gift to
commemorate the event and send one to everyone they know. Usually it's a nice
towel set embroidered with their name and the date of the hole-in-one.

This all adds up to about $10,000 - thus the insurance.