Hey everyone! I’ve been put in charge of organizing our annual corporate golf outing, and this year the execs want to spice things up with a hole-in-one challenge. Thing is, I’ve never dealt with hole-in-one insurance before. I know the basics — you pay a premium to cover the prize if someone actually sinks it — but how do you figure out what a reasonable price is? Does it vary by prize value or number of participants? Would appreciate any insight, especially from folks who’ve done this before.
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Does it vary by prize value or number of participants?
Does it vary by prize value or number of participants?
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Planning a hole-in-one challenge for your golf outing? Interesting! The insurance premium for hole-in-one coverage definitely shifts based on the prize value and participant count. It's like figuring out the perfect topping ratio at Papa's Pizzeria ; more toppings (higher prize) or a bigger pizza (more players) increases the cost. Get quotes reflecting both to find the sweet spot. Good luck!