Kim Jong-Il´s premiums must have been horrendous.
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Well, it was a charity tournament where he did pay a significant amount to play (somewhere around $200, if memory serves).
If you’d watched Happy Gilmore you’d have come up with the better wheeze of hiding near the green and dropping people’s golf balls into the hole, then hanging out in the club house.
Ok, apparently charity hole in one contests are common. Buy balls for a few bucks each, win a prize if one of your balls is an ace. The tournament is insured at $200 per $10,000 of coverage, because the take is usually nowhere near the top prize amount. If someone does hit it, the insurer pays. So if you wanted to offer a million dollar prize, it would cost 50,000 off the top. And depending on the charity, even that premium might be more than the expected take.
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