Hole in One Insurance automatically resets Prizes after a perfect shot is hit so that your event can have multiple winners

Picture one of your golfers at your tournament hits a Hole in One and wins a brand new car. Now imagine if another person at your golf outing should happen to hit a Hole in One on the same hole. Will each player receive their prize?

Many Hole in One insurance companies will only pay for the first winner on a given hole at a golf tournament. At Golf Tournament HIO, we believe that any golfer that hits a perfect shot should be rewarded. We have a special provision that states that if the prize value is under $100,000, the Hole in One contest will reset itself any time a golfer hits a hole in one. Therefore, if 2 or more golfers hit a hole in one, each person will receive their prize, even if the combined value exceeds $100,000.

In the case where the prize value exceeds $100,000, typically the prize value will be split among multiple winners unless an addendum to the Hole in One insurance contract is set up to reward each golfer. This usually only comes into play when we are looking at multiple players for one million dollar golf shootout insurance.

Please feel free to call us at:

(877) 7GOLF-HIO to discuss golf shootout insurance.