and your Amateur status
Anyway 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 1971), Should I play that range ball I found going down 3 ?
"Gosh Marvin great shot, I'll have a Dewar'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 ? Marvin 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 two weeks 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-one 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 underwriters may need to do a little refiguring of premiums.
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