Those of you watched last week’s PGA Tour television coverage no doubt witnessed Lucas Glover’s stellar hole in one during the third round of the Mercedes Championships. According to published reports, Glover stroked a 5-iron from 203 yards on the eighth hole at Kapalua, landing the ball to the right of the hole. Two bounces later, the ball hit the flagstick and rolled into the cup for an ace. The hole in one won Glover a brand new 2006 Mercedes-Benz CLS55 AMG sports coupe. The vehicle’s estimated value is roughly $88,000.

Glover’s ace was the first of the year on the PGA Tour this season. It was also the only hole in one made during the event. Lucas earned a position into the tour’s season-opening “winner’s only” tournament by winning last season’s FUNAI Classic at Walt Disney World in Orlando. This year’s Mercedes Championship was once again held at the Plantation Course at Kapalua in Maui, Hawaii. Difficult winds led to high scores throughout the event, but did not deter Glover from making his hole in one on Saturday.

Unbeknownst to many golf fans, PGA Tour events regularly have hole in one contests for its players. Event sponsors can afford to offer fabulous prizes, like the luxury vehicle Glover won, by purchasing hole in one insurance from providers like US Hole In One, or by self insuring the prize.