Hole In One Insurance News from Hole In One International

You’re no newbie when it comes to organizing your golf tournament(s).  You’re all about keeping it fresh and exciting (and having the upper hand on your competition) when it comes to fundraising… which is why you’re probably giving some serious thought as to what kinds of contests you want to incorporate during your next event.

Providing auxiliary fundraising golf contests at your golf tournament offers a variety of benefits.  There’s the potential to not only exceed your fundraising goals, but also generate excitement amongst your tournament players, which will make them more likely to register for your next tournament. The additional contests also provide added value to all of your sponsors via additional sponsor signs.

Whether it’s a raffle, silent auction, closest to the pin, longest/straightest drive contest or otherwise, you have the ability to charge participants/teams as little or as much money as you want for participating, depending on the size of your company or organization.

For example: if each team is charged $30 to participate in a longest drive contest and you have a full field of 144 players, that’s 36 foursomes (36 x 30 = $1,080).  Which means you just raised over a thousand dollars for your cause just by implementing one single contest into your golf tournament.  Not exactly a figure to sneeze at, is it?

Interested in incorporating hole in one coverage into your fundraising efforts?  Hole In One International recommends holding a Million Dollar Shoot-out.  Simply narrow down your players by having some sort of qualifying round, or simply hold a raffle and charge each individual $X to potentially have their name drawn to try and make a hole in one on a par 3 that’s at least 135 yards in length for $1,000,000.  When a million dollar figure is mentioned, chances are that players won’t have any problem dropping money on a chance to win that prize… especially when the money is being contributed towards a good cause!

For more contest and game ideas to incorporate into your next golf tournament, or for a quote on our Million Dollar Shootout coverage, feel free to call us at 800-827-2249 and speak to a contest consultant.  You can also email us with any questions or comments!

So you’re purchasing Million Dollar Shoot out coverage through Hole In One International?  That’s great!  Did you know that when you do so, a free sign with the sponsor’s name and prize description is included?

When it comes to customizing your Million Dollar Shootout sign, there are many factors to take into consideration.  Although the prize description for the Million Dollar Shoot-out sign is not customizable, Hole In One International still allows you a lot of leeway with what you can do with the “Sponsor Name” portion of the sign.

Information
What kind of information do you want the sponsor portion of your sign to contain?  Many people prefer to merely have the company/organization name on there; others prefer the latter along with an individual’s name or address and/or phone number.  Make sure you think about how you want your sign to read.

Artwork
Rather than just having plain text on the sign, Hole In One International allows logos and artwork, so long as the image you provide us is high-resolution quality.  Perhaps you’d like your company/organization’s logo on the sign, or maybe you’d like to couple your artwork/logo with some plain text at the bottom.  There are a variety of different ways to go about doing this.

Visibility
One other thing you’ll definitely want to pay attention to (which is often overlooked) is the visibility of your sign. Since the printed area with the sponsor’s name is only 11″x17″ (the sign itself is 30″x30″), the more text you place on your sign, the smaller the visibility will be.  If you plan on only having your company/organization name typed on the sign, the text will be large and easy-to-read; however, if you want more detailed information typed on the sign, such as an individual’s name, phone number or address, then the text will be smaller and perhaps a bit less easy to read.  Make sure if you’re using artwork/logos that the image is vibrant in color and that the color of the text on the logo (if applicable) does not clash with the background color.

When Hole In One International creates your Million Dollar Shoot out signage, they will gladly send you a proof of the sponsor’s name area if requested.  To request a proof, all you have to do is email us with the request… or you’re always welcome to give us a call at 800-827-2249!  Along with the request, Hole In One International will also need the contract/application number that your policy is under.  If you have any other questions about Million Dollar Shootout signage, or hole in 1 coverage in general, feel free to contact us Monday through Friday between the  hours of 6am and 5pm Pacific.

Did you know that there are various forms of payout options available with a Million Dollar Shoot out policy through Hole In One International?

The first and most popular option is a 40-year annuity.  The 40-year annuity option means that the $1,000,000 prize will be paid out over 40 years ($25,000/year for 40 years) should there be a hole in 1.  When it comes to pricing out a Million Dollar Shoot-out quote, a 40-year annuity will land you the cheapest price possible.

The second most popular option is a 20-year annuity.  With a 20-year annuity, the $1,000,000 prize will be paid out over 20 years ($50,000/year for 20 years) in the event of a hole in 1.  Please note that this Million Dollar Shoot-out payout option is more costly than a 40-year annuity due to the fact that a larger sum of money will be paid out to the acemaker each year.

Hole In One International also offers 10-year & 30-year annuities as well.  While the 10-year annuity option is the most costly, it also allows for the maker of the hole in 1 to be paid $100,000/year for 10 years!  Not too shabby!

It is important to note that any prize value over $250,000 will be in the form of an annuity.  Want potential acemaker(s) to win cold, hard cash all in one lump sum instead of payments?  Then be sure to insure a prize that’s $250,000 or below!

For quotes on a Million Dollar Shoot out policy or any type of hole in one coverage, please contact one of our contest consultants at 800-827-2249 or email us if you have any questions!  Holding a Million Dollar Shootout guarantees that your next golf tournament will be one to remember!

If you’re a golfer, then chances are you’ve heard the name ‘Jason Hargett.’

Hargett is Hole In One International’s latest Million Dollar Shoot-out winner from Provo, UT who ended up acing a 150-yard hole with his nine iron at the Mark Eaton Celebrity Classic.  The tournament took place at Red Ledges Golf Course in Heber City, Utah back in September of 2009.

Funnily enough, Hargett was somewhat reluctant to become a last-minute replacement in the tournament, as he suffered from a sore wrist.  He aced the hole using a borrowed club from his brother… and then fell down as he charged the hole after the shot!

Hargett, the 35-year-old restaurant manager, decided to keep his day job despite having won the Million Dollar Shoot Out and decided to put a chunk of the money toward his childrens’ college funds.

The Million Dollar Shoot-out makes a great fundraiser and is also a great contest to run just to offer your players a ‘little’ something extra (to the tune of $1,000,000!).  Want to make someone one of our next Million Dollar Shootout winners?  Need hole in one coverage?  Give us a call at 800-827-2449 or email us for a free, no-obligation quote!

If you plan on holding a Million Dollar Shootout, then you’ll need to pre-register/pre-qualify your players prior to the event.  Deciding the best course of action to take when it comes to qualifying your players can be quite confusing at times.  After all, there are a vast number of ways to go about doing so.  So how are you supposed to know which method will be most beneficial for your company or organization?  Let’s take a look:

Fundraising
If your goal is to fundraise, then the simplest way to qualify players would be to hold a raffle.  Depending on how big your company or organization is, you can charge anywhere from $1 to $2 upward toward $20 or $50 for an individual to enter a raffle and have their name drawn for a shot at $1,000,000.

Another way to help fundraise would be to have a silent auction.  The individual(s) with the highest bid received at the auction will then have the opportunity to participate in the Million Dollar Shoot-out.

You could also hold a merchandise sale and have the top 1-2 consumers who have spent the most money be the qualifiers!

Skills-based
Skills-based qualifiers are another great way to narrow down your players.  Having a longest or straightest drive contest or closest to the pin contest will help narrow down your players and determine who will be able to participate in the Million Dollar Shoot out.

If you’re having an actual golf tournament and the Million Dollar Shootout is to take place after the tournament, another option would be to take your first/last place team members and bring them back for the shot.

For added fun, be sure to offer consolation prizes to the other participants so they don’t leave empty-handed, whether it be a t-shirt, a sleeve of golf balls or perhaps a pro shop gift card where players can purchase merchandise or a free round of golf at the golf course!

For more ideas on how to qualify, be sure to visit our website!  You can also give us a call at 800-827-2249 or send us an email.  Happy qualifying!

Last month we discussed  what a Hole In One Tournament Format is in regards to hole in one insurance. Today, Kristen Hansen with Hole In One International is back to discuss how it varies from a Hole In One Shootout Format.

The hole in one shootout format is designed for a select few players who are required to be pre-qualified in some fashion.  The easiest and most popular way to do this would be to have a raffle,  but there are many ways to qualify contestants including closest to the pin, longest drive, and straightest drive contests as well as via silent auction. 

While a shootout format can be held in conjunction with a tournament (either before or after), some people choose to simply hold it as a stand-alone event; which is great, especially if you’re concerned about time restraints.  

Once you’ve qualified your player(s), you gather everyone together at a particular hole (again, usually a 135 yard minimum and typically near the club house) and have your qualifiers each take a single shot for  your  prize. 

The feeling of camaraderie that each participant experiences when all of them are gathered together in one place is one that simply can’t be beat.  (And,  if you’re holding one of the above qualifiers, then this would be the perfect opportunity to purchase some of  those sponsor signs we talked about the other week!)

Looking for ideas on prizes? Here’s a list of prize ideas for shootout formats.

Is the line between tournament and shootout still a little blurry for you?  Don’t worry, we’re here to help answer any questions you have!  Give us a call at 800-827-2249 or shoot us an email.

So you’ve already received the necessary paperwork for your Million Dollar Shootout quote, right? Excellent! Then you only have a few things left to worry about – the “3 key requirements!”

• Be sure to make your payment prior to the date of your event. Visa, MasterCard and American Express are all accepted methods of payment. You can even write us a check, so long as it’s postmarked by the U.S. Post Office at least one day prior to the event. Please note that we will not accept any checks that are postmarked the day of the event or after.
• Because of the high value of the prize, you will need to provide two (2) witnesses over the age of 21, not participating in the event, one of which is a certified PGA Professional. You will also need to provide a continuous, unedited video tape from behind the green of all shots taken.
• The yardage of the hole must be measured from the hitting area on the tee box to the hole cut on the green. Be sure this figure is not lower than what you have written on your application and that it meets our minimum requirement of 135 yards.

If you’re unsure about any rules or regulations, shoot us an email or go ahead and give us a call at 800-827-2249. One of our Customer Service Representatives would be happy to answer any questions you may have.

You’ve already watched our first video on the basics of shootout insurance… now we’ve released the second part which focuses on the most popular Million Dollar Shootout!  What it is, how to fundraise with it, how pricing works, how to fill out the necessary paperwork… we’ve covered it all for you in this engaging how-to video.  Check it out, then give us a call at 800-827-2249 to learn more about how you can insure a million dollar prize at your next event!

Golf Contests: A Great Way To Raise More for Your Cause
Adding a contest to your charity golf fundraiser is an effective way to make your golf event more exciting and enjoyable. More importantly, it’s a fantastic way to raise additional money for your nonprofit organization. That’s because every golf contest represents an opportunity to sell additional golf tournament sponsorships as well as golf sponsor signs. There are many varieties of golf contests, which can easily be incorporated into your charity golf fundraiser during the course of play. Over the next week, we’ll be taking a look at a number of golf contests that can be added to your event, starting with one of our favorites: a golf shootout.

The Golf Shootout
A golf shootout is a fantastic addition to any charity golf tournament. A golf shootout typically takes place on the 9th or 18th fairway at the conclusion of tournament play. This golf contest usually involves one to four golfers, who are selected via a drawing or raffle or chosen through a closest to the pin contest. In a shootout, your participants will take their best shot at making a hole-in-one for a much larger prize, typically $1,000,000, which is insured by a hole in one insurance company. Not only does a golf shootout provide another opportunity for increasing your sponsorship sales, it’s a great way to gather your golf tournament participants together after golfing and before your dinner/awards ceremony. What’s more, a million dollar shootout is typically a “media magnet” that will help you generate increased visibility and PR for your charity golf event.

Reno, Nev – Last golf season, every guest who played at ArrowCreek Country Club in Reno, Nev. at the regular rate had the chance to qualify for a shot at winning $1,000,000, plus an additional $1,000,000 for charity, in the ArrowCreek “Shot At A Million” shoot-out. Each day, the golfer whose ball landed closest to the pin on a qualifying hole received the chance to come back and win the really big bucks in October. What’s more, the weekly closest to the pin winner received $1,000 in ArrowCreek credit towards the purchase of a new set of clubs.

Watch this fantastic million-dollar event video, then give us call today at 800-827-2249.