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Hole In One Insurance News - Foresite Sports

Archive for March, 2012

Friday, March 30, 2012

How to Insure a Car for A Hole In One Contest?

A vehicle is among the top prizes that clients wish to insure at Foresite Sports. While we work with a lot of car dealerships in the nation, we also get a lot of calls from tournament directors that want to insure a car, truck or motorcycle and have no clue where to start. One of the three factors needed to get a hole in one insurance quote is the value of the prize, so first step when is to know an estimated value of the car or motorcycle (you can even look on the manufacturer’s website). This way you can get an idea of the price range of your contest insurance.

If you want the car visible to the golfers at the course that day then you will have to work with a local dealer in your area. From the dealer you will be able to determine the exact value that you will be insuring so you will be able to fill out the hole in one insurance application and get coverage in place. From Foresite Sports you will receive a Hole In One Insurance Certificate of Participation that states that you are fully covered, most dealers will want a copy of this before they bring the car to the course.

If you are getting the coverage in place last minute you can always insure a car or motorcycle solely based on the estimated value. In the case of a winner the check would be made out based on that amount and the winner can choose what to buy with the money. Foresite Sports offers sample prices of a Harley Davidson and various vehicles based on your budget.

Friday, March 16, 2012

Putting Contest Insurance Ideas

Need something to add to your golf tournament that will really get your golfers excited to play? A putting contest insurance is a great way to end the tournament with a chance to win a big prize just by simply sinking a putt! Foresite Sports primarily provides hole in one insurance for golf tournaments all over the country however the putting contest has become more and more popular with our customers.

The odds of a putting contest are roughly 1 in 30 (the hole in one odds of 1 in 12,500) so the putting contest insurance is not designed for all the golfers in the event like the hole in one insurance contest is however with better odds like that, people will definitely want to be a part of this contest. The putting contest is a great way to add a fundraising element to your tournament, people can buy raffle tickets for a chance to putt, then when the tournament is over the tournament director would pick one or two lucky names for the chance to putt.

There are two types of putting contests offered by Foresite Sports. The first is the standard putt that can be insured at either 40 or 50 feet for any value up to $25,000. Also depending on your budget this putting contest can be done with multiple participants. The second type of putting contests is an “add on” that is purchased along with a hole in one insurance contest. The add on putting contest is 60 feet and the prize values are $2,500, $5,000 or $10,000. Since the add on putting contest has a discounted rates it is only for one person from the tournament. Both putting contests have to be part of a golf tournament and need to be videotaped.

Friday, March 9, 2012

March Madness Promotion

March is here and that means the most exciting college basketball championship tournament will be held. 67 teams will be entered into this years March Madness NCAA tournament and one will be name champion and be crowned the best team in college basketball. The tournament will start March 13th and run till the first weekend in April. All of the teams will be glued to the television set on March 11th when the teams are revealed however the following day is when the fun starts for the fans and viewers. National Bracket Day is when people all over the country will form their bracket to determine who they think will win this year’s tournament! While most bracket pools will just consist of some friends throwing in a couple dollars to play, why not make it a bigger event and host a March Madness Bracket Promotion from Foresite Sports and give your clients, co-workers, or friends the chance to win big!

Once you get your group together give us a call and let us know how many brackets you will be submitting and how much you want to insure the grand prize for. From there your contest insurance consultant will give a quote and send you over a contract. Foresite Sports needs a copy of all the brackets prior to the start of the tournament to guarantee no changes were made after the tournament starts. From there it is up to the luck of the tournament, cheer on your successful participants because if they predict the bracket right they could win the grand prize!