glossary of terms

Million Dollar Hole In One Contest   (« back to glossary)

Looking for a fast and affordable way to drawn attention and boost participation at your next golf event? It may be time to consider adding a $1,000,000 hole in one contest to your golf tournament. By offering a million dollar prize you not only set your tournament apart from the competition, but because you are giving golfers the chance to win a life-changing prize you give them an additional incentive to participate in your golf event.

If the prospect of offering a $1,000,000 prize sounds risky and expensive, chances are you've never heard of hole in one contest insurance. Golf tournament organizers and their sponsors use million dollar hole in one contest insurance in order to eliminate the risk of offering expensive attention-grabbing prizes. The sponsor or golf tournament organizer pays a small premium based on the number of players in the tournament and the length of the "target" hole - the hole that is being insured for the $1,000,000 hole in one contest. If a player aces the target hole during the golf event, the insurance company pays the $1,000,000 prize.

Adding a $1,000,000 hole in one contest to your golf tournament is quite easy. The best place to start is by getting a free quote on $1,000,000 hole in one contest insurance so you'll have an idea of what adding this contest will cost. To get your free $1,000,000 hole in one contest quote all you will need to know is how many players you expect to have in your tournament and the length of the hole on which you want to offer the $1,000,000 hole in one contest. One way to offer a $1,000,000 hole in one contest without adding to the cost of your golf event is to have a sponsor pay for your $1,000,000 hole in one contest insurance. You can also incorporate the cost of the insurance into your sponsorship package.

In addition to offering $1,000,000 hole in one contest insurance, Hole in One International also provides complimentary signage as well as prizes for all non-target par three holes in the tournament. To learn more about adding a million dollar hole in one contest to your next tournament or get a free quote on $1,000,000 hole in one contest insurance click here.