How Does Hole In One Insurance Work?
Hole-in-one insurance coverage makes it possible to award attention-getting prizes, such as brand new cars or a large amount of cash, if someone makes a hole in one during your golf event.
Hole-in-one insurance, a form of prize indemnification insurance, allows you to offer big prizes without taking on the financial risk yourself. Rather than setting aside a large amount of money in case someone wins, you pay a relatively small premium upfront. That premium is calculated based on the number of participants, the value of the prize, and the difficulty of the designated hole. If a player makes a hole-in-one during your event, the prize is awarded, but the cost is covered by the insurance provider. With hole in one insurance, your organization gets the benefit of increased engagement, excitement, and visibility, without having to worry about who will be paying for the prize.
For example, a company sponsoring a charity tournament might offer a $10,000 prize on a 165-yard par 3 with 100 participants. For a modest premium, they secure coverage for that prize. If no one makes the shot, they have still created a compelling experience. If someone does, the winner is paid by the insurance provider, and the sponsor benefits from the added attention without taking on the financial burden.
Want to learn more about Hole In One Insurance?
Our friendly staff is here to help. Give us a call today at 800-827-2249.
HOW TO BUY HOLE IN ONE INSURANCE
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Choose a prize guaranteed to knock the socks off your tournament participants. Anything goes! Hole in one insurance can cover hot air balloons, Rolls Royces, trips, boats, houses, horses or cold-hard cash.
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Click for an Instant, FREE Quote
or call 800-827-2249 for a free hole in one insurance quote. We will need the number of players you expect, the length of your target hole, and the cash value of your prize.
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We’ll give you a free, no-obligation hole in one insurance quote, issue the necessary paperwork, and start drafting the check. It’s that easy to insure your own hole in one contest!
