Posted by admin on Feb 18, 2016

Some Important Matters About Hole In One Insurance

First of all, what is a Hole in one insurance? This is a kind of insurance where the host of a golf game will buy an insurance in a much cheaper price so that the insurance provider will be the one to pay the prize if ever there is a winner. However, most of the time, there is no winner like no one can hit a hole in one. Yes, this is the bottom line of the game, this kind of insurance will only be possible if the odds of having a winner is almost impossible for no insurance company will surely agree to this if the possibility of having a winner is high. And most of the time, the prize promised here is really high like a million dollars maybe or a car and so on. In fact, the extent of the price is the reason why the organizer will buy the prize indemnity insurance in the first place.

Yes, the hole in one insurance is just one type of prize indemnity insurance. Getting this type of insurance proves to be beneficial for or organizers in a number of ways such as:



  • Though the chance of having a winner, still the fact that there is that chance is still the best reason to buy a hole in one insurance. Note that the insurance is just very minimal compared to the price you need to pay if ever by some miracle someone can indeed hit a hole in one. So for peace of mind and for you to enjoy your organized golf tournament, purchasing a hole in one insurance is the best option.
  • Usually, the reason for the golf tournament with very attractive and expensive price is business marketing. Yes, the organizer is usually promoting something like cars for example thus the price is an expensive car and so on. Besides, when the tournament is organized, a kind of registration will be imposed from the participants so that the prize money will be possible. So, in a way, you are still doing business here since the amount of money that you will use to purchase the hole in one insurance is actually from the participants and not from your own pocket. Yes, you can earn as well when purchasing hole in one insurance and even marketed your business at the same time.
  • There is no risk in your end actually like all you will be investing is your time and effort. Well, if you think about it, you don’t really need to buy the hole in one insurance as if there are many participants, then you can surely get the money to use as prize from them. However, what if only a number of them will register? So, to eliminate that burdening chance, you should purchase a hole in one insurance and be free of worries and instead your own organized game.

Yes, getting a hole in one insurance for your golf tournament will always be profitable.

See Also: Travel Accommodation

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