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Companies that provide hole-in-one insurance may provide signs or other accessories to help the tournament host promote the hole-in-one prize. The insurance contract between the golf tournament and insurance company will detail rules such as: which holes on the course the prize will be insured on, how to verify the hole-in-one was achieved ...
In 1991, Gilmartin added to his business holdings by co-founding Hole In One International, a full-service golf promotions and prize indemnification insurance company. [1] Soon thereafter, Hole In One International added a sister company, Odds On Promotions, to handle the non-golf promotion and prize indemnification requests it was receiving.
References External links 0–9 19th hole The clubhouse bar. A ace When a player hits the ball directly from the tee into the hole with one stroke. Also called a hole in one. address The act of taking a stance and placing the club-head behind the golf ball. If the ball moves once a player has addressed the ball, there is a one-stroke penalty, unless it is clear that the actions of the player ...
As someone who doesn't golf much and has never hit a hole-in-one, no matter how good the odds, I don't expect I'll ever need hole-in-one insurance. But some people must, because there's a market ...
In golf, a hole in one or hole-in-one occurs when a ball hit from a tee to start a hole finishes in the cup. The feat is also known as an ace, mostly in American English.As the feat needs to occur on the stroke that starts a hole, a ball hit from a tee following a lost ball, out-of-bounds, or water hazard is not a hole-in-one, due to the application of a stroke penalty.
Body-part insurance, for people whose livelihood depends on the state of a particular part of their body, such as actors' legs or noses [2] Kidnapping of key corporate executives [3] Hole-in-one insurance, for country clubs or other venues hosting golf tournaments with large cash prizes for a hole-in-one [4]
The insurance company that was required to make the payoff, American Hole 'N One Inc, voided the payment because Calhoun had played college basketball, a violation of the rules. However, the sponsors of the event, Coca-Cola , the Lettuce Entertain You restaurant, and the Bulls, pledged to cover the prize if the insurance company would not.
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