Golf Shootout Insurance vs. Hole in One Insurance:
What is the difference?

Although Golf Shootout Insurance is Hole in One Insurance, Hole in One Insurance is not necessarily Golf Shootout Insurance. Golf shootout coverage is a particular type of a policy such as the well known Million Dollar Shootout. Typically this gives an individual, or a small number of golfers, one opportunity to attempt to win a large prize by hitting a hole in one from a designated distance. At Golf Tournament HIO we use the value of the prize to determine whether the attempt is a Shootout or a Hole in One contest, and $100,000 is the magic number.

If the dollar value is less than $100,000 you can consider it to be a Hole in One attempt which means:

• The attempt can be taken at a distance of 135 yards or more
• If the value of the prize is $50,000 or more, four witnesses will be needed, • • one of which is a PGA professional
• If the value of the prize is $10,001 up to $49,999, three witness will be *** * needed
• If the value of the prize is $10,000 or less, two witnesses will be needed
• The event does not need to be videotaped
• You can get a online quote and purchase it directly from the
Hole in One Quote calculator

If the dollar value is $100,000 or more, it is considered a Golf Shootout which means:

• The attempt must be taken from a distance of 165 yards or more
• Four Witnesses will be needed, one of which is a PGA professional
• The event will need to be videotaped, which includes an unedited continuous * video including the measurement of the distance
• You will need to call us directly at (877) 7GOLF-HIO to get a special ***** * policy/contract for this event

The One Million Dollar Shootout

This is a very special program for all golf tournaments, and one where special care must be taken. If all of the requirements of the day are followed it is a great way to really create a lot of excitement. Once again, this has the same requirements as a shootout of $100,000 or more. Typically, the $1,000,000 prize is paid out in an annuity form but can also be selected as a lump sum payment.

• The cost for a 40 year payout for one attempt for $1,000,000 is $195.00 and * requires that you get a special contract by calling us directly
• Shorter payouts and lump sum payouts will need to be underwritten for each * event and requires that you call us at (877) 7GOLF-HIO for a quote.

At Golf Tournament HIO, we understand that videotaping a shootout is an extra level of complexity and work for you as the tournament director. The reason that this is done is to present to AIG actual visual evidence that you did in fact have a winner. This becomes very important during the claim process and we can not stress enough to make sure that you follow all of the procedures outlined in the Terms and Conditions agreement. Because of this provision, we often recommend that instead of having a one attempt shootout for $1,000,000 you may consider having ten attempts for $99,999 (we will call it $100,000 for the event). This will certainly still have a lot of excitement for your Golf Tournament, but will reduce the requirements for the day, especially the distance and the videotape requirements.

Please understand that all of these requirements are not put in place to stop you from trying these great programs. They exist so that we can ensure that if you have a winner, they will get paid and ultimately have a life changing experience. And, if you have any questions at all, remember we can be reached at (877) 7GOLF-HIO or contact us at info@golftournamenthio.com