Earlier quoted context omitted.
Link?
https://twitter.com/Papapishu/status/492401740029775872
Thank you
Why Golfers Buy Hole In One Insurance
51–53 of 53 posts
Re: Why Golfers Buy Hole In One Insurance
#52Earlier quoted context omitted.
Perhaps for the American case of buying a few dozen martinis, but what about the anecdote of a Japanese man taking 200 guests on a dinner cruise? With a premium of $3, per the article, that might not be a bad idea.
The article gives a "typical cost" of $3-5000 for a Japanese person keen to show their generosity. It doesn't make it clear the policy will pay out anywhere near that much (the British policy we are given a direct link to covers a lot more than holes in one, but pays a maximum of £200 on alcohol only for holes-in-one, at an overall premium cost of £49.95 per annum ) Even if the $3 premium really is a one off fee whic…
My understanding of the article, in the Japanese case, is not that the club requires or expects this sort of thing. This is a cruise for the "lucky" golfers friends and family and is more a societal expectation for whatever reason.
Re: Why Golfers Buy Hole In One Insurance
#53Earlier quoted context omitted.
hole in one insurance is usually just charged by the club in addition to membership fee, not by an actual insurance company. its also inaccurate to assume that anyone who plays golf can afford $500+ in alcohol.
> its also inaccurate to assume that anyone who plays golf can afford $500+ in alcohol. One would hope then that upon getting a hole in one they would not spend $500 that they cannot afford. It's not a requirement to buy anyone else a drink.
Its probably club policy - when you become a member you sign a contract agreeing to whatever it costs to be a member, plus either hole in one insurance or the promise to purchase drinks for everyone there that day.