Hole in one contest bring another level of thrill to golf tournaments, before the tournament even begins. If you pair a great hole in one prize with some clever marketing, you will have players, audiences and sponsors flocking to your tournament. And on the day of, every time a player walks up to the tee, the anticipation will be palpable.
And when you are planning to add a hole in one contest to your tourney, you should consider hole in one insurance as well. If you want to know more about hole in one insurance, then here are top 7 things that you need to know:
- 1. Hole in one insurance protects you financially; when a player makes the shot, the insurer pays for the prize.
- 2. Hole in one insurance is very affordable, especially if you compare it to the cost of the prize.
- 3. The cost depends on three different factors; number of players, yardage and value of the prize.
- 4. The three factors can’t be changed, when the hole in one insurance has been purchased.
- 5. If you are planning a change in any of the aforementioned factors, then inform the insurer well before the day of the tournament.
- 6. The yardage has to be at least 150 yards for men and women can tee off from 15 yards closer to where the men tee off from.
- 7. Most companies will only offer hole in one insurance for tournaments with 72 or more players, but Advantage HIO also serves smaller tournaments.
A hole in one contest and hole in one insurance go hand in hand, because a provider like Advantage HIO has your back just in case someone beats the odds and makes the impossible shot. The odds of a golf player hitting a hole in one are 12,000 to 1 – you can read about hole in one odds in detail here. Many organizers may think that they don’t need insurance because the odds aren’t in the favor of players. But, players beat odds all the time and paying a $100,000, or more, prize out of pocket will make a serious dent in your finances.
