How Is Hole In One Insurance Priced?
A frequently asked question here at Foresite Sports is whether a customer may purchase hole in one insurance for a contest taking place on a par 4 hole. While this is certainly a feasible idea, there are some conditions that tournament organizers should keep in mind when planning the logistics of their contests. The most common use of hole in one insurance on a par 4 hole is for what is known as a shootout. A shootout is a hole in one contest that does not take place during the normal course of play, but rather takes place before or after your golfers have completed their rounds. A perfect example would be the $1,000,000 shootout that Foresite frequently secures coverage for. In this type of contest, coverage is purchased for only one, or sometimes two, golfers to take a shot at a million dollar prize. The golfer is set up 165 yards from the hole and has a single chance to make a hole in one for the grand prize. A popular set up for this contest is to have it take place on the 18th hol
