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Hole In One Insurance News - Foresite Sports

Monday, March 10, 2008

What Are Bonus Prizes?

Imagine, if you will, that you are playing in a golf outing, get up to a par 3 hole that features a brand-new Porsche automobile as a hole in one prize, and fail to make an ace. No harm, no foul, right? Well, imagine that you get to the next par 3 hole on the course, and this time you sink a hole in one. Imagine how fantastic that would be! Or would it? After all, if you had made the ace on the previous hole you'd have a '1' on your scorecard AND a brand-new Porsche. Doesn't seem fair, now does it?

Well, to combat this possible disappointment, hole in one insurance companies have created a concept called Bonus Prizes. Bonus Prizes are smaller hole in one prizes that can be placed at the other par 3 holes on your course so that ever one has a hole in one prize. So, in our previous example, you may not win the Porsche with that ace, but you could walk away with a set of golf clubs or a flat-screen television. Just about every company in our industry offers these additional hole in one prizes, free of charge, when you purchase coverage for a larger prize, like the Porsche.

Now, you may be asking yourself, what kinds of bonus prizes should I be looking for? Well, we can offer a few words of advice with regards to this question. First of all, we recommend avoiding any sort of vacation packages. Despite the audacious claims of some providers in the industry, most bonus prizes retails for between $500-$1,000. If you see an advertisement for a prize valued much more than that, be skeptical. Though a certain vacation package may retail for $5,000 during a particular season, you can rest assured that your contest winner will probably be forced to travel during the low season when weather may be an issue, or during days of the week that are terribly inconvenient. Instead, stick to prizes that have known values or advertise no restrictions with regards to use. For example, a set of golf clubs has a known value that you can look up at your local pro shop. Additionally, as of this writing, the several companies offering airline tickets usually do not have blackout dates. Remember, hole in one contests are supposed to add value to your event. Don't let a poor choice of prizes compromise the fun of your golfers if they end up saddled with a prize they don't want or can't use.

So, next time you're considering purchasing hole in one insurance, remember that along with your grand prize coverage, you will receive a set of bonus hole in one prizes as well. That way each and every par 3 hole at your golf course will have a prize, have a contest, and can potentially have one happy hole in one winner at the end of the day!

Foresite Sports offers bonus hole in one prizes with any purchase of hole in one contest coverage. Our lineup of bonus prizes consists of a set of Callaway Big Bertha Irons, a Sharp LCD flat-screen television, and two (2) Roundtrip Domestic Airline Tickets. If you have any questions regarding our prize packages, please contact us and ask to speak with one of our tournament consultants.