Many golf day hole in one prizes offer a car or similar prize to an entrant achieving a Hole in One at a specified hole. It may seem like an expensive way of encouraging entrants however Hole in One insurance is available and for a very reasonable price can cover the cost of providing the prize. Insurers can provide ancillary prizes as well such as nearest to the pin, longest drive, etc.
A hole in one occurs once in every 3,500 rounds but with the amount of golf played around the world there are around 128,000 scored every year!
A local dealership may help you with promoting the event in return for having the car at the hole advertising their business.
Other Prize risks can be insured provided the prize is not guaranteed, they can include envelope picks, basketball shots, cross bars challenges and many more. STB Insurance will work with clients to help them gain the maximum exposure for the premium paid.
For more information contact us at https://www.stbinsurance.co.uk/contact.html