When Insuring Your Hole-In-One Giveaway, Pay Attention to Minimum Yardage Requirements

I’ve not thought much about holes-in-one, mostly because my golf game is such that I’ve never been in any danger of making one. The charity responsible for the Greenbrier Classic golf tournament, however, must have given them some thought. Not only did it decide to award spectators a cash prize in the event of a hole-in-one on a certain hole, it purchased insurance to protect itself in the event of any pay-out. This turned out to be a smart move, because two golfers made holes-in-one resulting in nearly $200,000 in total payouts. Continue reading