Most golfers dream of that perfect shot on the short part three. The ting of the iron, one bounce on the green, a short roll and plunk - it drops in the bottom of the cup. A hole-in-one!!!

But wait, wouldn't ALL golfers, not just MOST, wish for this event. Not golfers in Japan. There, a hole-in-one can be very expensive.

Tradition dictates that the maker of the hole-in-one must throw a party and give gifts (sometimes lavish ones) to all those that helped the golfer make the miracle shot. Those with whom he was playing, family members and coworkers are a part of this list. Failure to follow the tradition is considered bad form and the perpetrator is view poorly.

Costs for a hole-in-one could run into thousands of dollars. Enter Hole-In-One insurance; not like the coverage common in America, but to help the golfer cover the costs of all the gifts that must be bought and the party that must be thrown. Premium is relatively low, $10 to $20 per year - and it is worth it for the golfer to protect his reputation.