Could you score a ‘Hole in One’?
Marketplace is the one stop shop for specialist covers and we are adding new products all the time. By bringing all these together into one place, our aim is to take the hassle out of those difficult to place risks and make it even easier to do business with us and our specialist wholesalers. One of the newest additions to Marketplace is ‘Hole in One’ insurance.
Hole in One competitions have become a popular addition to golf days following a change in the rules of golf. As well as providing an extra dimension and wow factor to a golf day they also provide an excellent opportunity to raise money for charity.
The rules of golf have been amended allowing an amateur golfer to win a significant prize in a hole in one competition, whilst retaining their amateur status. This enables the organisers of a golf event to offer a substantial prize, such as a car, if a hole in one is achieved by a participating player on a designated golf hole. Insurance cover can be purchased to indemnify the event organiser if a hole in one is achieved.
UK Hole in One Ltd, a subsidiary of Midway Insurance Services Ltd have recently launched an easy to administer insurance policy underwritten by Aviva. This is available on Aviva Marketplace and quotations are simple to obtain online.
The product aims to simplify the purchase of insurance by the event organiser and provides easy to follow and comprehensive instructions for green staff in setting up the holes, as well as clear instructions for players and the official witness on the main prize hole. Hopefully this will enable event organisers to use a hole in one competition to turn their event into something unforgettable whilst generating extra revenue for their chosen charity.
For further information on the Hole in One product or any of the other new or existing specialist products available, head to Marketplace on Aviva Broker.
If you’ve got a specialist product you think could sit on Marketplace, talk to your Aviva Business Development Manager.
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