0
US Hole In One is the Hole In One insurance provider. The Hole In One insurance packages start at $180 for a Golf tournament. The price quote depends on the number of players participating, the distance of the Par 3 Hole and the value of the Hole In One prize.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Do you have to buy separate insurance for a hole in one experience?
Although hole in one insurance is available for all people to buy it is not required for a hole in one experience. However, without the insurance there will be no extra prize for the hole in one.
What is prize indemnity insurance?
Prize Indemnity Insurance is a policy taken out against a certain unlikely prize being won. Most commonly it is used for $100,000 half-court shots, hole-in-one games etc.
What is a Prize Idemnification Company?
Prize indemnification is a type of insurance product. It is designed to pay on behalf of a sponsor of an event, such as a golf hole-in-one contest, the prize that has been promised to the winner. Like other kinds of insurance products, a premium is paid for the protection. Many insurers issue this type of coverage.
I'm planning to offer a new car as a prize if anyone hits a hole in one at my charity golf tournament. Will it be worthwhile to buy hole in one insurance?
It depends on the length of the hole, and the number of golfers in the tournament. If it is a short hole and you have a lot of golfers, the chances are pretty good that someone will hit a hole in one. If they do you'll be glad you have insurance! Nobody's gonna hit a hole in one. Are you crazy? National Hole-In-One Association's website says they've paid out over $50,000,000 to hole in one winners. That's alot of hole-in-ones.
Where can one find a business insurance provider?
There are many ways to find a business insurance provider. Start your search by contacting The National Association of Insurance Commissioners. They can provide you with a one stop solution to finding a provider.
How big was the largest hole in one prize ever won?
Hole in one prizes are offered by golf courses and companies during bonspeils. There is no standing log of prize winners on the internet, for obvious reasons. Prize winners don't want to be advertised.
What does the medical term PAR provider mean?
PAR provider means participating provider, one that participates with a given insurance.
What are some companies that provide hole in one insurance for those who play golf?
There are many places to get hole in one insurance. Companies such as “Hole In One Internationalâ€ù and “Hole In One Insuranceâ€ù specialize in hole in one insurance and can be found on the internet.
Where can I get an instant quote for hole in one insurance?
To get a quote on hole in one insurance you can actually visit their website. There is a lot of information there and you can do it right online at http://www.holeinoneinsurance.com/.
Are there any cell phone insurance companies?
If a person wants insurance on their phone, they should be able to get it through their cell phone provider. One company that provides insurance outside of the provider is called GoCare.
Where can one find out how much homeowners insurance is?
In order to find out how much homeowners insurance is, one would need to contact an insurance provider. There is no obligation to buy the insurance but an insurance quote can be provided.
How Hole In One Insurance Works?
Hole in one insurance is a special type of insurance designed to protect companies that offer special golf contests. As the name implies, it’s typically reserved for special events such as when a guest scores a hole in one--many resorts and golf tournaments offer astronomical prizes to match the astronomical odds of this happening, and if a guest were to actually accomplish this, the hole in one insurance policy of the company would handle the expense of the prize. Hole in one insurance isn’t limited to an actual hole in one; it may apply to a number of special circumstances during a golf tournament. By buying insurance, a resort or golf course can make a tournament interesting by offering huge cash prizes, without necessarily having the funds to back up these prizes. The insurance companies almost always profit from the arrangement, since the chances of large prizes being rewarded is extremely low. However, when they do have to pay out on a claim, they usually have to pay out a tremendous amount of money. In most cases, hole in one insurance companies will require a certain golf shot to have a number of witnesses. They may even require photographic evidence, depending on the event. The terms of hole in one insurance contracts vary greatly, as does the cost of the service (although in most cases, the cost is extremely low--under a few hundred bucks). The low cost makes this form of insurance extremely popular, and the companies that offer hole in one insurance are extremely successful for the most part. If you participate in a golf tournament, you’re probably taking advantage of a hole in one insurance program, even if you weren’t aware of it at the time. If you run a resort or golf tournament, it’s well worth the money to get a hole in one insurance policy--they’re great, low cost ways to keep interest in a tournament high.
