Prize Indemnity Insurance

It’s a New Car!!! – Prize Indemnity Insurance

Prize Indemnity Insurance is a great way to put forward a substantial prize such as a new car, a holiday or even cash as a prize in a competition.

Why Prize Indemnity Insurance?

Prize Indemnity insurance is a great way to put forward a substantial prize such as a new car, a holiday or even cash as a prize in a competition. It can be used by charities, sporting clubs, schools and other institutions to raise funds without the exposure of having to payout if a prize is won. In short the insurer calculates the risk premium based on the prize value itself, the possibility of the prize being won, the number of participants and other factors so the fund raiser pays a premium to the insurer and if the prize is won, the insurers pays it out.

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Call Ian Jones Insurance Brokers today at +61 (2) 4929 5990 for a quote and advice on what you need to get your prize covered.