Hole in One Versus Shootout

Thursday, March 17, 2016

US Hole In One is a leading provider of hole in one insurance.  Hole in one insurance is for all golfers in the tournament to shoot for a hole in one on a par 3 and win a prize. US Hole in One also insures putting and shootout contests to add a little more excitement to your event. Many people are confused between a regular hole in one policy and a shootout policy.  Here are the answers to some of the top questions about Shootout Contests.

What is the difference between a Shootout Contest and a Hole In One Insurance?
– Despite many people’s assumptions there is a difference between a hole in one insurance contest and a shootout contest. A hole in one insurance contest is done during the course of play and involves all golfers in the tournament. A shootout, however, is done before or after the tournament and usually involves a larger prize for a selected finalist(s), normally the million dollar shot.

What is the pricing for a Shootout Contest?
– Shootout contests are priced per golfer and can insure a grand prize up to 1 million dollars.  You can choose to insure the million dollar prize by choosing a 40 year annuity, 20 year and 10 year plan if the shot is made.  Most people take the 40 year annuity since it is the least expensive and paid out over 40 years.

How do I select the person for a Shootout Contest?
– It does not matter how the contestant is picked.  Most tournament officials will select them at random; or you can also sell raffle tickets at the registration table then after the golfers are done playing select one name and have them take the shot. This is also a great way to fundraise for your event.

 

Where can I hold the Shootout Contest?
– Unlike the hole in one insurance contest the shootout does not have to be on a par 3 hole. You can use whatever hole is closest to the clubhouse for convenience and measure out the minimum distance of 165 yards from the cup.

What are the witness requirements?
– The shootout contest has to be videotaped. In addition to the video you will need two non-event participants to act as witnesses. One of these two has to be a PGA pro to a police officer.

For more information or to receive a quote on a Shootout Contest, you can email info@usholeinone.com or call us at 888-882-5440! We’d be happy to help you out!

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Molly Petersen

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