If you are hosting a charity golf tournament, golf marathon or any kind of fundraising golf event, an excellent way to excite your participants is to offer an extravagant grand prize for a Hole-in-One. Grand prize examples could include: $10,000 cash, a new car, or an exciting vacation. Hosting a hole-in-one contest can help your organization create more buzz about the upcoming golf tournament, and becomes a great promotion for your golf tournament website, press releases, golf flyers, etc.
So, now you are probably wondering how will your non profit be able to afford a prize like that. I guess you could “risk it” (considering it is quite rare for someone to hit a hole-in-one), but we do NOT recommend that! A “hole-in-one” DOES happen and you don’t want your nonprofit to go bankrupt paying for this grand prize. So what can you do? Here’s where Hole-in-One insurance comes in!
Companies that offer hole-in-one insurance protect the hosting organization from paying excessive fees if someone would happen to win the grand prize. Here’s how it works. Your organization pays a hole-in-one insurance provider a fee (i.e. $300). This allows the hosting organization to advertise a large Grand Prize, without being liable for paying for it if someone should win. And, if there is a hole-in-one contest winner, the insurance company becomes fully responsible for paying out the prize.
If you are interested in HIO insurance, our preferred partner is US Hole in One. They offer a variety of popular HIO insurance packages for charity golf tournaments across the country. Their process is easy AND affordable! It’s as simple as: choosing a prize, number of golfers expected at your event, and designating which par 3 hole you’ll hold the contest on.
There are plenty of additional golf tournament contests to consider as well including; Beat the Pro, Closest to the Pin, Longest Drive…and more! Golf fundraising raffles are also a fun way to reward participants with prizes and get golfers excited the day of the tournament.