What Is Hole-In-One Insurance?
Hole-in-one insurance, which is a type of insurance that works much other like any other kinds of insurance policies. However, instead of insuring property damage from a fire or other occurrence, you are paying to remove the risk of having to pay for a prize if someone makes a hole-in-one during your event.
Hole-in-one insurance makes it possible to award large prizes like a new car or a large cash prize if someone makes a hole-in-one at your golf event.
When you use hole-in-one insurance, you pay a hole-in-one insurance provider a fee. The premium is based on the number of people playing in your golf tournament, the value of the prize and the length of the golf shot. If someone gets a hole in one on the designated hole, your hole-in-one coverage kicks in, and your hole-in-one insurance provider will pay for the prize.
Hole-in-one insurance makes it possible to award large prizes like a new car or a large cash prize if someone makes a hole-in-one at your golf event.
When you use hole-in-one insurance, you pay a hole-in-one insurance provider a fee. The premium is based on the number of people playing in your golf tournament, the value of the prize and the length of the golf shot. If someone gets a hole in one on the designated hole, your hole-in-one coverage kicks in, and your hole-in-one insurance provider will pay for the prize.