Sucker bet
I cracked up when I read about that insurance policy. Imagine, betting against Burt Rutan...and at ten-to-one odds against, no less! "Burt who? Never heard of him, I'll take that bet." There's one born every minute.
Sure, I know it wasn't just Burt Rutan...it makes it even more hilarious that they bet against Rutan plus every other bright space entrepreneur in the world. If the bet's premise is "where there's a will, there's a way", put your money on will!
Hole-in-one insurance? Phhhtt! Hole-in-the-head insurance!