Archive for the ‘Golf Tidbits’ Category

Hole In One Insurance

Tuesday, October 28th, 2008

Hole In One Insurance

Undeniably, everyone loves gourmet food and high-stakes contest. Some elite country clubs can meet the expense of these things but most golf courses can’t, which is why hole-in-one insurance has increased in popularity among golf tournament organizers.

This works similarly to health insurance. The customers in exchange of remuneration pay set fees in case inflated expenses from confinement or medical operations must be paid. The thing is patients pay health premiums in the event that they need expensive medical assistance while golf courses buy insurance just in case someone makes a million-dollar hole in one.

Hole in One Insurance makes it possible for people and organizations with tight finances to offer outstanding prizes to the players.

Costs of Hole-in-One Insurance

Hole-in-one insurers base their rates on the laws of probability. This proves that companies will always make money and earn profits in the long run regardless of whether or not someone at a particular tournament wins a large prize. But if in the event that a player legitimately won a $1 million in a hole-in-one contest, the tendency is for the insurer to offer less favorable odds.

Paying Insurance to Make Money

In order for these events to make sufficient profit, money must be willingly spent on golf outings. One idea that makes golf tournaments interesting and exciting is by purchasing prize insurance. It allows golf courses to charge more per player making it very easy to turn an investment into profit

Do you want to learn more about golf and golf tournament fundraising? Find out from the boomer experts inour Golf Tidbits Forum.

 

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