What is Hole In One Coverage?
So you’re hosting an event…
How would you like to offer spectacular prizes like beach vacations and luxury cars at your next tournament or sporting event while paying only a fraction of the cost with none of the risk? While it may sound too good to be true, it isn’t! With the help of American Hole ‘n One (AHNO), you are able to give away awe-inspiring prizes that are simple, affordable, and risk free.
What is Hole In One Insurance?
Hole In One insurance is essentially a contract between an event organizer and a coverage provider. For a small fee, AHNO assumes the financial and legal risks associated with running the event’s contest. This agreement allows you, the event organizer, to offer bigger and better prizes without the hefty price tag and legal risks.
Here’s an example.
Let’s say you are the event co-coordinator for a fundraising golf-tournament and you’ve decide to offer a contest. For a donation, participants can participate in a Hole In One contest on hole #5. If a participant gets a hole in one on hole #5, they win a brand new GMC truck.
Let’s also say you didn’t choose to get prize coverage. Against the odds someone makes the Hole In One on Hole #5. Now what? You’re responsible for not only paying the full cost of the truck, but also handling all of the paperwork and legal risks associated with it. With a $40,000 truck on the line, it is a risky gamble without insurance.
If instead you had bought Hole In One insurance, you could walk away knowing that the cost of the truck and the legal risks associated with are now the responsibility of AHNO. All you had to pay was a fraction of the prize’s cost! Ask any of our clients and they will tell you that the peace of mind provided by us is worth every penny.
Want to know more? Call 800.822.2257 to speak with a Golf Excitement Specialist or fill out our online contact form!