Putting Contests: Single Putt vs. Combination Putt

Did you know that Hole In One International has two different types of putting contests available for you to insure?  We’re here to explain the benefits of both of them, the differences between them and how they both work!

Single-Putt Putting Contests
Single-putt putting contests are designed for a small number of players (we suggest anywhere from 1-5, depending on your budget) who are pre-selected and/or pre-qualified.  The most common method of narrowing down players is a simple raffle; however, feel free to hold the longest drive, straightest drive or any other type of pre-qualifier!  Once you’ve determined who the contestants of your putting contest will be, have them take a 50-foot or longer putt either before or after your golf tournament for the chance to win big, up to $50,000!  In need of some unique prize ideas?  Be sure to check out some of the prize packages we have available!  And if you want the prize value to be above our $50,000 limit, our sister company, Odds On Promotions, can definitely make that happen!  Single-putt putting contests come with a complimentary putting sign which advertises your sponsor’s name as well as the prize to be won — just make sure you send in your Free Putting Sign Order Form (if the paperwork is emailed, faxed or mailed to you) or purchase your putting contest insurance online at least 10 calendar days prior to your event!

Combination Putt Putting Contests
Don’t want to exclude any of your golf tournament players from getting in on the fun?  Then this format’s for you!  Have all of your players begin with a 10-foot putt.  Those who successfully hole the 10-foot putt will move on to a 30-foot putt.  Those who hole the 30-foot putt will then move on to a final 50-foot or longer putt for the grand prize.  If they hole the final 50 ft.+, they’ll win the insured prize — once again, up to $50,000!  Not only do combination puts-putting contests come with a complimentary putting sign, but also a FREE tee prize for each and every one of your players!  Remember: quotes for prize values above $50,000 should be directed to our sister company, Odds On Promotions.  Combination putting contests can also be purchased online via our website.  Just be sure to specify that it’s a combination putt format when you’re creating your quote!

Have any other questions?  Feel free to give one of our contest consultants a call at 800-827-2249 or email us!

Triplett Wins Nature Valley Open

Hole In One International would like to take this time to congratulate Kirk Triplett on his first career Champions Tour win in the Nature Valley First Tee Open at Pebble Beach. on Sunday, July 8, 2012!  According to  The Golf Channel, this win means Triplett has become the sixth player to earn wins on the PGA TOUR, Champions Tour, and Web.com Tour in his career.

Triplett, founding shareholder of Hole In One International, made an early Eagle… and closed with a 6-under 66, making for a two-stroke victory over Mark McNulty!

According to Triplett in this article in USA Today, “To win anywhere is special.  But to win at Pebble Beach is extra special.  To do it in my first Champions Tour try is great.”

Seems like the big “5-0” has been gracious to Triplett thus far!  Congratulations again and we all look forward to seeing many more successes from you in the future!

Insurance Underwriting

If you’ve ever shopped around for hole in one insurance, chances are you’ve come across the terms ‘underwriter’, ‘underwritten’, ‘underwriting’ or some variation thereof.  Today we’re going to cover what underwriting actually is, as well as how it directly benefits you: the hole-in-one insurance, Million Dollar Shootout and/or putting contest consumer.

What is Underwriting?
Put simply, underwriting refers to the process that any large financial service provider uses to assess the eligibility of a customer to receive their products (in this case, insurance).

Insurance underwriters assess the clients’ risk and decide how much coverage the client should receive, how much they should pay for it, or whether or not to insure them. Insurance underwriting involves measuring risk exposure and determining the premium that needs to be charged to insure that risk.

Hole In One International and its sister company Odds On Promotions both offer a special form of insurance underwriting known as prize indemnity insurance.

In the realm of prize indemnity insurance, it’s extremely important to make sure the company you’re working with is underwritten; otherwise, you as a client/consumer, could risk a winner not being paid out the money for their hole-in-one and/or putt… regardless of the fact that you have paid a premium for the insurance policy.

Unfortunately, this circumstance is a reality and we have seen it happen to winners who participated in a golf tournament insured by hole in one insurance companies who were not underwritten.

How Do I Know If The Company I’m Working With Is Underwritten?
If you’re unsure if the company you’re working with is underwritten, the simplest and most effective way of knowing is to simply call and ask!  You can also look for undwriting information on the company’s website.  Ours, for example, is located on our FAQ, as well as at the very top of our main homepage.

Who is Hole In One International’s Underwriter and What is Their Rating?
Hole In One International is proudly underwritten by the Everest National Insurance Company, which is part of Everest Re Group, Ltd. of Hamilton HM DX, Bermuda, one of the top 10 insurers/reinsurers worldwide. verest National Insurance Company is rated “A+” (Excellent) by A.M. Best: the world’s leading insurance rating agency. This made Praetorian Insurance Company the logical choice to underwrite our hole in one insurance program.

That’s Great … But How Does That Benefit Me?
With A-rated underwriting, you’ll have the peace of mind knowing that your hole-in-one and/or putting contest insurance coverage is valid and 100% covered.

Have more questions about underwriting?  Feel free to give us a call at 800-827-2249 or send us an email!

Hole In One International’s FREE Putting Contest Guide

puttcontestguideThinking about purchasing putting contest insurance to add extra excitement and/or increase revenue at your golf outing this year?  You’ll be happy to know that Hole In One International has a FREE Putting Contest Guide available for download to help explain the difference between the two different kinds of putting contests we offer!

The Putting Contest Guide also includes easy-to-follow instructions on how to correctly run your putting contest — after all, the last thing you want is to miss out on a rule/regulation, causing the insurance to be null and void.

So grab yours today… then feel free to give us a call at 800-827-2249 if you have any questions!  We’d be happy to help!

Kirk Triplett: What You Likely Never Knew …

When the name Kirk Triplett comes to mind, you likely think about the fact that he’s a 3-time PGA Tour winner.  Or maybe your mind wanders to his signature “bucket hat” that he’s known for wearing.  The fact that he has approximately $14,089,515 in career earnings is definitely noteworthy as well.  But did you know that he’s also part owner of Hole In One International?

That’s right: Triplett has been on-board with Hole In One International as part owner since 2004.

Triplett turns 50 on March 29 and will make his Champions Tour debut at the Encompass Insurance Pro-Am of Tampa Bay at TPC Tampa Bay in Lutz, Fla.

People are now learning more than ever that there’s a lot more to Triplett than meets the eye.

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