When Bernie Marv, Tom and Joseph reached the 7th tee at the 2005 City Charities Invitational and saw that shimmering new Cadillac that Tom's brother Roger put up the Hole-in-one insurance for.( Roger is also the local Cadillac dealer and underwrote the hole-in-one insurance himself one year trying to save a few dollars, but lost sleep for 2 nights when he found out Tom had gone to the driving range to prepare for tournament.) Anyway do you think that anyone
of them gave a second's thought to their Amateur status in the event the he
should ricochet one off a tree into the bottom of the hole. Right...what they
are thinking about is whether they are going to be able to get their tee shot
air born, should I change over to a "water ball", maybe I should hit
my 3 wood, ( and I do mean 3-WOOD, Joseph is playing with the set of clubs he
bought in 1981), Should I play that range ball I found going down 3 ? "Gosh Marv great shot, I'll have a Dewer's and water. Oh by the way if you accept that hole-in-one prize not only will Roger's next year's hole-in-one insurance premium go up but you'll loose your amateur status for a couple years." Are you kidding me ? Do you think this matters ? Marv plays golf 6 times per year, once during City Charities Invitational, and 5 times a year when he visits his brother-in-law's house in that fancy golf community in Arizona for a week in January. No, in short this segment of the market for hole-in-insurance will not change as a result of the USGA changing the rules on hole-in-one prizes and amateur status. However there is another segment of the market for hole-in-one insurance that may change and that is your low gross amateur tournaments. The use of hole-in-prizes may see an increase in usage as a means of attracting players. So now you have a tournament. involving better players, that increases the odds of a hole-in-one happening. This means that hole-in-one insurance underwrites may need to do a little refiguring of premiums. Want to learn more about
hole-in-one insurance, may we suggest you continue your search here...
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