If pro golfer Ryan Palmer makes a hole-in-one on the 16th hole at the Waste Management Phoenix Open today through Sunday, someone’s on the hook for $50,000.
The hole-in-one policy is from Acersgolf.com, owned by Western Security Surplus Insurance Brokers Inc. Proceeds of the payout will be split between Waste Management Phoenix Open Charities and The Ryan Palmer Foundation.
What makes the hole-in-one feat interesting is that is must occur on the famed 16th hole, which is built out to give an arena-like atmosphere. It’s been called the loudest hole in golf. This year’s hole will feature 200 skyboxes, 5,000 general admission seats and offer a viewing spot for an estimated 15,000-plus fans.
Past pro golfers have aced the hole, including most famously Tiger Woods in 1997.
Palmer, who hails from Texas and turned pro in 2000, has three PGA tour wins to his name.
According to Acersgolf.com, the firm is in negotiations to cover other PGA Tour events in 2015, and this year the firm expects to insure more than $25 million in prizes for amateur and professional tournaments.
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