Archive for September, 2017

The Benefits Of Having Bonus Prizes!

Friday, September 29, 2017

Imagine, if you will, that you are playing in a golf outing, get up to a par 3 hole that features a brand-new Porsche automobile as a hole in one prize, and fail to make an ace. No harm, no foul, right? Well, imagine that you get to the next par 3 hole on the course, and this time you sink a hole in one. Imagine how fantastic that would be! Or would it? After all, if you had made the ace on the previous hole you’d have a ‘1’ on your scorecard AND a brand-new Porsche. Doesn’t seem fair, now does it?

Well, to combat this possible disappointment, hole in one insurance companies have created a concept called Bonus Prizes. Bonus Prizes are smaller hole in one prizes that can be placed at the other par 3 holes on your course so that ever one has a hole in one prize. So, in our previous example, you may not win the Porsche with that ace, but you could walk away with a set of golf clubs or a flat-screen television. Just about every company in our industry offers these additional hole in one prizes, free of charge, when you purchase coverage for a larger prize, like the Porsche.

Now, you may be asking yourself, what kinds of bonus prizes should I be looking for? Well, we can offer a few words of advice with regards to this question. First of all, we recommend avoiding any sort of vacation packages. Despite the audacious claims of some providers in the industry, most bonus prizes retails for between $500-$1,000. If you see an advertisement for a prize valued much more than that, be skeptical. Though a certain vacation package may retail for $5,000 during a particular season, you can rest assured that your contest winner will probably be forced to travel during the low season when weather may be an issue, or during days of the week that are terribly inconvenient. Instead, stick to prizes that have known values or advertise no restrictions with regards to use. For example, a set of golf clubs has a known value that you can look up at your local pro shop. Additionally, as of this writing, the several companies offering airline tickets usually do not have blackout dates. Remember, hole in one contests are supposed to add value to your event. Don’t let a poor choice of prizes compromise the fun of your golfers if they end up saddled with a prize they don’t want or can’t use.

So, next time you’re considering purchasing hole in one insurance, remember that along with your grand prize coverage, you will receive a set of bonus hole in one prizes as well. That way each and every par 3 hole at your golf course will have a prize, have a contest, and can potentially have one happy hole in one winner at the end of the day!

US Hole In One offers bonus hole in one prizes with any purchase of hole in one contest coverage. Our lineup of bonus prizes consists of a set of Callaway Big Bertha Irons, a Sharp LCD flat-screen television, and two Roundtrip Domestic Airline Tickets. If you have any questions regarding our prize packages, please contact us at 888-882-5440 and ask to speak with one of our tournament consultants.

Hole In One: Ace Your Next Test!

Friday, September 22, 2017

It’s back to school season for students but golfers as well! Yes, golfers are hitting the green with hopes of making an ace or in other words a hole-in-one! An ace in golf is a rare, exciting feat. To hit the golf ball into the hole in just one shot requires the right mixture of skill, luck and studying. Not sure how to study for your hole-in-one test? Follow these study tips to make your best grade – an ace!

1. Get Informed
Don’t walk into your hole-in-one test unprepared for what you will face. Get informed on the course, distance and weather the day before the “test.”

2. Practice
Practice ahead of time. For your hole-in-one test, do plenty of practice swings on courses similar to actual course.

3. Study At Any Chance You Can Get
If your tournament is in a week, studying a little each day will help you identify your weak areas and your strengths in advance. You can also study digitally by playing close attention to others golfers videos who were able to make a hole-in-one.

4. Cut Out Distractions
Distractions make it difficult to pay attention to what you’re doing. Give yourself a leg up by turning off the noise while “studying.”

5. Pay Attention To Details
It may be intimidating to visualize one small ball traveling several yards into one small whole. Don’t focus on the big picture. Study one battle at a time or one chapter section at a time. Focus on your posture, then your swing to take baby steps.

Don’t have back to school blues. Going to the green for your golfers can earn them some green. How is that for motivation? If you want to set up your hole-in-one contest with US Hole in One, give us a call at 888-882-5440 or email us at info@usholeinone.com.

Split Cash Prize: Win/Win Situation?

Friday, September 15, 2017

Sharing is caring, right? Instead of offering just a cash prize, why not make it a cash split? One of the most popular options for charity golf events is a $10,000 Cash Split where $5,000 is awarded to the golfer making the hole-in-one and $5,000 is donated to the charity, organization or scholarship fund. This sounds like a win/win situation, but is it?

It seems like a simple enough proposition: host a hole in one contest at your upcoming golf outing, and should a golfer successfully hit a hole in one, have half of the prize money go to the golfer, and half the prize money go to a charitable foundation. However, unfortunately, most hole in one insurance packages do not allow for this type of prize-splitting. The reason lies in the tax implications of winning a hole in one prize. Just as you are responsible for paying taxes if your happen to win the lottery, you also must pay Uncle Sam if you take home a hole in one prize of any value. This simple rule severely limits the potential for prize-splitting because no matter what the circumstances, if a lucky golfer makes a hole in one and accepts the accompanying prize, he or she is responsible for the full tax burden. If they were to immediately donate half of that to charity per the prize-splitting agreement, they would still have to pay tax on the half they gave away. Because of this important distinction, many hole in one insurance providers will not permit prize-splitting in their agreements.

One potential solution to the prize-splitting issue that we have heard various tournaments use in the past is to make golfers sign waivers before participating in hole in one contests that stipulate should they win, they agree to donate half their winnings to charity. Though a bit unwieldy and difficult to do out on the golf course, this is a possible alternative to investigate further if you are interested in prize-splitting. Of course as with any legal questions, US Hole In One strongly recommends consulting with your legal counsel before attempting to enforce a prize-splitting arrangement. Should you have any further questions regarding the terms and conditions governing hole in one insurance agreements, do not hesitate to call us up and let us know.

Start by giving us a call (888-882-5440). Most of our customers find it extremely helpful to talk to us and ask questions about setting up the contest. By the end of our conversation, there will be no split decision. You will have an exact price quote and an application for your contest.

From Never To Nearly To Hole In One!

Thursday, September 7, 2017

It may sound unlikely, but many of the hole-in-ones that have been won with our company were not by pros, but amateurs! Golfers that would not even claim the title of a “golfer” have managed to take home a win. You can call it beginners luck but we believe that golfers have to possess the following in order to take home a win:

#1: Confidence
Come to the tee with confidence. You need to relish the opportunity that you have to put the ball on the green in one shot and get it close to the hole. The attitude you need to bring to have any chance to get the ball in the hole is aggressive

#2: The Right Club
You’d think that the shorter the par-3, the greater the chance of getting a hole-in-one, meaning that more would be made with wedges than anything else. The stats suggest otherwise and, in fact, the 7-iron and 8-iron make more aces than any other club, each registering 14% of all aces. 40% of all aces are made with a 7-iron, 8-iron or 9-iron.

#3: The Perfect Swing
Take a full swing. Bring your club back to shoulder height and come through the ball with speed and velocity. Snap your right hand through the ball and finish up high.

#4: Practice
Go to the driving range regularly where you can work with your medium and long irons. Many golfers are a bit afraid when using these clubs because they are less forgiving. But with the correct fundamentals, you are sure to take home a win.

To see how your pros and amateurs can take a shot at making a hole-in-one give us a call at 888-882-5440 or email us at info@usholeinone.com!