Hole In One Insurance News from Hole In One International

Aug
22

Golf Tournament Players: Is There a Minimum Requirement?

Posted by Kristen Hansen

Hole In One International is here today to answer one of the most frequently asked questions that we receive: Is there a minimum number of golf tournament players/participants that we must have in order to secure hole in one insurance?

In short, the answer is ‘no.’  All we require is that you let us know in advance that you’ll be having a small tournament format prior to securing your hole in one coverage so we can document it.  We’ve happily insured many small golf tournaments — and, in fact, it actually plays into your favor!  That’s because the fewer players you have in your golf tournament, the higher the prize value you’re able to insure without your premium increasing!  Keep in mind that the yardage also factors into that equation as well (the higher the yardage, the lower the cost).

On the flip side, if you have more than a full field of 144 players, you must notify us prior to us binding your coverage whether your golf tournament will be a Tee Time or Shotgun Start.

So there you have it!  No, there is no minimum (or maximum) golf tournament player requirement; however, we do ask that you let us know that it’s a small tournament format (if there are not many players in the outing) or if it’s a Tee Time or Shotgun Start (if there are over 144 players in your outing).  Also, make sure to let us know if any professional golfers will be playing in your event…

Happy golfing and good luck!  Have any further questions?  Give us a call at 800-827-2249… or email us!

Aug
7

Golf Contests: Creative Ways To Qualify Players & Fundraise

Posted by Kristen Hansen

Insuring a golf contest at your upcoming golf outing that requires you to narrow down your players in some fashion?  Whether it’s a Million Dollar Shootout, chipping contest or other insured contest, here are a few ideas from Hole In One International on how to pre-qualify your player(s) to determine who gets to participate in your golf contests, as well as how to increase fundraising dollars, come the day of your golf tournament!

1.) The Raffle
A raffle is the most common way to pre-select participants for your golf contests.  Players simply pay a fee, determined by the golf tournament committee ahead of time, to have their name entered into a drawing should they want the opportunity to participate in a golf contest.  Place the name of everyone who pays up into a hat, box, bucket, barrel, you name it!  Then, simply draw a name at random to see who the lucky qualifier/golf contest participant will be!  Want to collect valuable marketing information?  When creating your raffle tickets, have a space for each player’s information — email, phone number, address, etc.

2.) Purchasing Mulligans
A mulligan is an automatic “do-over” on a shot, meaning the player can play it again if it was a particularly bad shot.  Charge your players $x per mulligan during your golf outing — just make sure they’re aware that they cannot use any on the designated target hole, if a hole-in-one contest is being insured.  Whoever ends up purchasing the most mulligans will come back at the end of the outing for a chance to participate in your golf contests!  It’s that simple!

3.) Auction
Holding an auction as part of your golf outing?  Whether it’s a live charity auction or silent auction, people are always trying to gain the upper-hand… especially when it’s revolving around the game of golf!  There’s a good chance that the bids during an auction will go very high, generating some great fundraising bucks!  Have the highest bidder come back at the end of the auction to participate in your golf contest for the chance to win big!

Are the gears turning yet?  Can you think of any other great ways to qualify players and fundraise when it comes to insuring golf contests?  Feel free to share them with us!  Or, if you have any questions, feel free to contact us at 800-827-2249 or email us!

Jun
24

Putting Contests: Single Putt vs. Combination Putt

Posted by Kristen Hansen

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!

Jun
23

Golf Tournament Ideas: Here’s One – Hire the Pro!

Posted by Kristen Hansen

Looking for golf tournament ideas for your next outing?  Here’s a great one, especially for non-profit organizations and/or charity golf events: a “Hire the Pro” golf contest!  Hole In One International is here to explain how the contest works, as well as how it can help you increase those valuable fundraising dollars!

Once you have chosen the golf course, golf club or country club where your golf tournament will be taking place, coordinate with the staff to provide you with one of their on-site Club Professionals who is willing to be stationed at the longest/most challenging hole on the golf course.  It’s important to make sure that this particular Club Pro is skilled at making long drives.

Next, while players are playing the course and happen to come across the designated ‘Club Pro’ hole, have your players decide whether or not they would like the Club Pro to take their shot for them (just make sure to choose a hole where no insured hole in one contest or Million Dollar Shootout will be taking place; otherwise, those policies will become void).  Players will be charged a dollar amount of your choice, depending on the size of your golf tournament and the charity (if applicable)’s needs, if they decide that they would prefer the Club Pro to take the shot for them.

If the player’s team could benefit from shaving some points off of their score, a drive taken by a professional might come in handy and be worth the $X for the advantage.  Furthermore, if they see that the other teams are utilizing the Club Pro, the pressure will be on, likely resulting in the decision to pay up for the Club Pro’s shot.  Not to mention if the money’s going towards a good cause, that’s also an added incentive!

Do the math: If you have a full field of 144 players and every single one of them decides to pay $30 for the Club Professional to take the shot for them, that’d be an automatic $4,320 raised towards you and/or your sponsor’s cause!  Don’t want to use the contest as a fundraiser?  No problem!  Take that money and deduct it from the other costs of your golf tournament (food and beverage, golf goodie bags, cost of utilizing the course, etc.) and you’ll find that you’ve ended up paying a whole lot less for the outing!

Are you a big-named company with cash to spare or a renown celebrity golf tournament?  Up the ante tenfold by hiring a Touring Professional to take the shot instead and feel free to charge more!  Use these golf tournament ideas and utilize the ‘pro’ factor in any way, shape or form you can think of to maximize profits!

Looking for more golf tournament ideas?  Contact Hole In One International today at 800-827-2249 or email us for more pointers!  Good luck and be sure to let us know if you end up implementing this particular golf contest — we’d love to hear about it!  Just post to our Facebook page if you’re a fan or send us a Tweet!

Jun
15

Weather Cancellation Insurance: Don’t Lose Your Investment!

Posted by Kristen Hansen

There’s no doubt about it – it costs a pretty penny to organize a golf tournament.  Between securing your venue, paying for food and beverage, auctions, guest speakers/appearances, etc. the bill adds up quickly!  And the last thing you want or need is for inclement weather to ruin everything you’ve worked so hard to achieve and put together.  That’s why Hole In One International’s sister company, Odds On Promotions, has a great solution to prevent losing out in your investment: Weather Cancellation Insurance!

With Odds On’s Weather Cancellation Insurance, you can insure against mother nature for a fraction of your golf tournament costs… and you won’t lose a penny if mother nature decides to rear its ugly head!  Weather Cancellation Insurance applies to any weather condition you can think of, such as:

  • Rain
  • Snow
  • Hurricanes
  • Tornadoes
  • Fog
  • Lightning
  • High wind gusts
  • Extreme high/low temperatues
  • …and more!

Be sure to visit Odds On’s website for more information and email us to request a free, no-obligation quote as well as an application!  Have questions about how Weather Cancellation Insurance works?  Give Odds On Promotions a call at 888-827-2249 to speak with a sales representative who will be happy to assist you!

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