If you are planning a golf tournament, it is not absolutely essential to have hole in one insurance however there are many benefits to having a policy in place for your tournament. Hole in one contests add excitement to the event with the chance to win a grand prize like a large cash value or a car. There are two main reasons to make sure you have a policy in place one is security, you want to make sure that you don’t end up having to pay out a large prize in the case of a winner and the other is increase in participation that a hole in one contest brings.
If you are planning on offering a grand prize like a car, there is no way you should host your event and risk a winner without hole in one insurance. Many times clients work with car dealers and lines get crossed on who is getting a policy in place or sometimes event organizers just risk it. This is not a good idea, if someone hits that grand prize hole you will be expected to pay out the prize to the winner. Hole in one policies take care of that, by paying as little as a couple hundred bucks you will sleep much better at night knowing the event is insured.
The popularity and excitement factor is another major reason to get hole in one insurance. By securing insurance well before the tournament, you can advertise it in our brochures and as part of most hole in one prize package, you will get insurance for the other par 3’s on the course as well as the grand prize which means you could insure four hole in one prizes and only pay for one. We have heard from clients that by advertising the chance to win four hole in one prizes their number of golfers registering has increases significantly.