Archive for the ‘putting contest’Category

Putting Contest Insurance Rules:

Friday, May 25, 2012

Putting contests are great way to add even more excitement to your golf tournament and they are also a great way to raise extra money for your charity. When purchasing insurance from US Hole In One it is very important that you read the Terms and Conditions very carefully regarding the rules for holding a putting contest.

Unlike the hole in one insurance contest, the putting contests are not for everyone in the tournament.  Many people are confused by this and ask why everyone cannot take a putt for the cash. The answer is simple, the odds of making a putt are much higher than those of making a hole in one, and therefore it would be very expensive to allow everyone in the tournament to take a putt.

To pick the one finalist for the putting contest you can either hold a raffle and pick one name from a hat or hold a putt off.  If you choose to hold a putt off you need to make sure that the qualifying putts are not longer than half the distance of the final putt (i.e. if the final putt is 50 feet the qualifying putts must be 25 feet or less) and they must take place on a different hole than the final putt as well.  US Hole In One requires that all putting contests are videotaped and show the measurement of the length of the putt.  Depending on the value of the grand prize you will either need to have one or two witnesses who are 18 years of age or older.  One of whom may need to be a PGA Pro or a Police Officer.

If you are interested in hosting a putting contest at your next golf tournament please give one of our highly knowledgeable contest consultants a call today!

Do I Need A Hole In One Insurance Witness?

Monday, April 30, 2012

Making sure the correct witness requirements are met for a hole in one insurance, putting, and shootout contest is extremely important in order to guarantee a payout in the case of a winner. For the three contests, the requirements will be different, some more intense than other due to a high element of risk involved with the hole in one insurance. For full witness requirements you should be sure you are familiar with the terms and conditions for the contest you are running. Here is a breakdown of the different witness requirements for the contests offered by US Hole In One.

Hole in one insurance policy: The requirements for the hole in one insurance policy are probably the most confusing for clients to understand. The requirements are broken down based on the prize value you are insuring. Any prize under $60,000 only requires one person who is over the age of 18 and not playing in the tournament to sit at the prize hole the entire time of the tournament. For those prize values from $60,000-$99,999, two people are required to act as witnesses with the same restrictions as above. The bonus prizes do not need a designated witness sitting at the hole for the entire tournament as long as the tournament will be played in threesomes or foursomes. No video is required for hole in one polices unless the value is $100,000 or above or is the tournament has less than 25 player and a prize value of $25,000 or greater.

Putting Insurance policy: US Hole in One can insure putting contests up to $25,000 dollars. For all putting contests videotape is required, this involves the measuring of the putt as well as the person(s) taking the putt. For those values $10,000 and under just one additional person over the age of 18 is required and anything above $10,000 will need two additional witnesses.

Shootout Insurance policy: Like the putting application any shootout contest has to be videotaped. Most shootout contests involve a value of $100,000 or greater, due to this high value in addition to the videotape two witnesses must be present, one has to be a PGA professional or an active police officer. For more questions on any of the witness requirements contact your tournament consultant.

Maximize Your Fundraising for Charity Golf Outings

Thursday, April 19, 2012

So you are running a golf event for a charity or a fundraiser. That’s a fantastic idea, but we should go over a few tips that can help you maximize the net donation to your cause.

Running a golf event is hard enough as it is. You are going to run into problems getting the course in advance, organizing the groups, calculating handicaps or getting food and drink for players and the staff. There are plenty of other obstacles to overcome, but lets face it, your main goal at your golf outing is to raise funds, that’s why you are here, to learn how to do just that. So here are some tips from us at US Hole In One to help you maximize your event and get the best return on your event.
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US Hole In One Provides More Than Just Hole In One Insurance:

Friday, March 16, 2012

US Hole In One not only provides hole in one insurance but we also sell putting and shoot out insurance. At US Hole In One we try our best to remain the lowest price on the market for our hole in one insurance, putting and shootout coverage. For less than a couple hundred dollars you can add a putting or shootout insurance contest to your hole in one insurance or if you are not having hole in one insurance at the event, you can always just run a shootout or putting contest to add a little excitement to the day!

The putting insurance quote is based on three factors, how many people you want to attempt the putt, the distance of the putt, and the value you want to give away. Most people only have one or two golfers from the tournament participate in the putting insurance contest since the odds are in the golfers favor or making the putt. US Hole In One offers two different distances for a putting contest, 40 or 50 feet. Obviously the shorter the putt the more expensive the insurance will be. Putting contests can be insured up to $25,000. The most common policy for a putting insurance contest will be the 50 foot putt for one person from the event for a $5,000 prize; this is less that $200.00 for the policy.

The shootout price is only based on two factors, how many people are going to participate and the value of the prize. All shootout insurance contests are based at 165 yards or greater so the yardage or distance does not factor in the price. The shootout insurance is also going to be a per person price, like the putting not everyone in the event is able to participate in the shootout contest because with prize values so great, it can get expensive. Shootout prize values range from $100,000- $1,000,000. The most common policy will be one person for a million dollar prize (40 year annuity) for the price of $200.00.

Don’t forget about other promotions to run during your event! We can help you with running contests like a dice roll, a lucky envelope draw and many other contests. If you have an idea of what you want to do let us know and we would be happy to work with you!

Why Choose US Hole In One For Your Hole In One Insurance?

Monday, March 21, 2011

When it comes to securing hole in one insurance, putting insurance, or shootout insurance for your golf tournament there are a number of things to consider. US Hole In One has worked to be a leading provider in hole in one insurance by offering the best package at the best price. From our experience when discussing with our clients there are three main point that all event organizers are looking for when getting hole in one insurance.

The first aspect of hole in one insurance that is extremely important to those putting on the tournament is the price. Many of our clients are putting on tournaments for schools or charity groups and want to concentrate on raising money for the event rather than spending a lot. US Hole In One is so confident that we will offer the lowest price out there that they have a “Low Price Guarantee” which states that if a competitors pricing is less than ours we will happily beat the price by 10% of the difference.

The second aspect that customers consider is what is included in that price. US Hole In One offers everything as a packaged deal. For the price of hole in one insurance on the grand prize hole we will automatically include bonus prizes for the other par three’s on the course as well as signs for all prize holes. US Hole In One’s packaged deal has wowed our clients because they are only paying one fee as opposed to some competitors who will add bonus prizes and signs as additional charges.

Third and most importantly is security. When shopping around for hole in one insurance it’s important to trust and feel comfortable with the company. Also it is extremely vital to make sure they are backed by an underwriter so you are covered in the event of a winner. US Hole In One is back by North American Specialty Insurance and is A rated. To find out more about US Hole In One or to get a quote on hole in one insurance, call us at 888-882-5440.

Factors That Determine How Much Your Putting Contest Will Cost

Thursday, October 7, 2010

As you plan your hole in one insurance event, consider adding a putting contest. This putting contest can be an easy way to raise a few more dollars at your event and it can be one of the biggest incentives to get people to sign up. The good news is that it does not have to cost much more either. As you take into consideration all of the options you have for your event, a putting contest is an easy add on.

What About Pricing?

A putting contest allows an individual to make a single attempt at 40 to 50 feet away as a putt. If they hit that putt, they get the prize. It is that simple and US Hole In One makes sure it is affordable, too. To help with that, it offers several pricing options. The following factors play a role in what you are likely to pay:

  • The value of the grand prize, which can be as high as $25,000, and is up to you to choose
  • The Distance of the putt (usually 40 or a 50 foot putt)
  • The number of finalists who will play in the putting contest, though each one only gets one shot at the prize.

These factors determine how much you are likely to pay for your putting contest. It sounds simple and in fact it is. To learn more about the options available to you for your next golfing event, contact US Hole In One and inquire about the putting contests available and the costs for adding it on to your event.

$10,000 Putting Contest Winner

Wednesday, May 12, 2010

After a long day of golfing and with many people watching, Dan Minerva held up to the pressure and sank a 50 foot putt for $10,000 at The Old Course at Broken Sound Club. Minerva was the lucky contestant chosen to participate in the putting contest after the Broken Sound Club golf tournament on March 22, 2010. Dan confidently grabbed his putter and successfully managed to make the daunting 50 foot putt as the crowd cheered him on to victory.

The exciting video of this once in a lifetime putt is posted on US Hole In One’s YouTube Page and can be seen below.

If you would like to organize a putting contest or any of our other promotions at your next golf outing, you can visit our website Hole In One Insurance or call one of our tournament consultants at 888-882-5440 for a free price quote.

Congratulations to Dan Minerva from US Hole In One!