Strange things that you can INSURE!
Believe it or not, there is virtually nothing that can not be insured. If you want it, and are willing to pay the premium, then it is yours! Take a look at the following outrageous and creative insurances:
Tom Jones’ Chest Hair: $7,000,000
Believe it or not, Jones used to be considered a sex symbol, so to keep his sexiness in tact, he’s insured that mane of hair on his chest for a princely sum:
“Tom Jones, still making elderly Las Vegas audiences swoon at age 67, lives in fear. Sure, he’s stayed famous for like half a century, and probably sexed enough women to populate a small and very satisfied country. But Tom believes all that could come crashing down with a single accident (say, a spontaneous shirt combustion) that in any way damages his luxuriant pelt of chest ”
Heidi Klum’s Legs: $2.2 million
Klum has both legs insured but one happens to be worth more than the other:
“The Victoria’s Secret strutter’s right gam is insured for $1.2 million, but her left is worth only $1 million. Why the discrepancy? A little scar on her left limb.”
Thailand Riot Insurance: $10,000 Per Tourist
Thailand can be dangerous, so to encourage tourism, its government is offering insurance policies in case of a riot:
“Thailand is continuing to offer insurance coverage worth $10,000 to anyone harmed in riots and demonstrations as it seeks to attract tourists scared off by political turmoil, officials say.”
Aquafresh White Strips:
$10,000,000 policy on American Ferrera’s teeth
The Ugly Betty star is actually beautiful off the set, so it makes sense that her sponsor Aquafresh has insured her teeth for a whopping $10 million.
Dolly Parton’s Breasts? A whopping $300,000 a boob
Everyone loves Dolly Parton’s music, right? Well just in case that ever goes out of style, Parton had each breast insured for $300,000.
Source: ABC News
Paul Hucker Insures Himself For $1.5 Million
Against Abduction, Impregnation And Consumption By Aliens
There’s actually over 20,000 people in the US alone who pay a premium for insurance against alien abduction. One can only imagine which counterparty that is. Who buys this stuff?. “Normally, they’re feeble-minded,” explains Simon Burgess, a former Lloyd’s of London underwriter who is now managing director of Goodfellow Rebecca Ingrams Pearson (GRIP), the London insurance brokerage that has tapped the Twilight Zone market.
Lloyd’s Offers Hole-In-One Insurance For Golfers: $50,000
Sometimes golf tournaments offer big prizes for a golfer who hites in a hole-in-one. But what if someone hits it?
Lloyd’s will insure contest owners up to $50,000
Jennifer Lopez has a $27 million
insurance policy on her butt!
Let’s be serious for a minute: if you were J-Lo, you’d insure your ass for $27 million, too. It’s not like the music and movies thing is going to work out forever.
$151 million for David Beckham against
a career-threatening injury
Quite possibly the most ironic item on this list considering that Beckham recently had surgery on his achilles tendon. If he can’t play soccer again, Beckham can expect a cool $151 million payout.
Taco Bell took out insurance in case a falling piece of the MIR Space Station hit a promotional bulls eye In The Ocean. If it worked, everyone in America would get a free taco.
During a promotion for a piece of the MIR Spacestation, Taco Bell said that if during re-entry the flying object hit a floating target the company had set up, everyone in the US would get a free taco. God forbid it actually happened, Taco Bell would need to hedge with an insurance policy like this one to avoid going completely bankrupt.
British male stripper named Frankie Jakeman
insured his PENIS for $1.6 million!
This one makes perfect sense to me. If you’re a male stripper, what else are you going to insure?
British food critic Egon Ronay keeps
his taste buds safe for $400,000.
A food critic has one of the best jobs in the world, no doubt. But if they eat a wing too spicy or something like that, they risk their taste buds being obliterated, which would end their career. Hence the major insurance policy just in case things go wrong.
Rod Stewarts’ voice? $6 million in insurance.
The “Hot Legs” and “Maggie May” singer is a crooner to the n-th degree, so to make sure his swagger always stays put, he’s insured his voice.
Source: The Examiner
The Rolling Stones’ Keith Richards
insured his middle finger to the tune of $1.6 million
Keith Richards has already said “f#$% you” to the world on multiple occasions but just in case he can’t get one last flip of the bird in before he dies, Richards has insured his middle finger for $1.6 million. Bravo, Keith.
Source: Keith Richards
David Lee Roth’s semen was insured
for $1 million back in the 1980s.
Diamond Dave, the only lead singer for Van Halen who matters, had his child juice insured for a million bucks back in the 1980s just in case one of his stage flips went catastrophically wrong.
AND THERE’S MORE!
GRIP, which specializes in disability coverage, has also sold about 4,000 immaculate-conception policies, which pay if paternity is ascribed to You Know Who (“very popular with girls called Mary,” says Burgess), and 4,500 of what he calls John Wayne Bobbitt policies, which pay if a knife-wielding wife.., well, you remember the story. (In case you were wondering, policies for any of the above cost $150 a year for $1.5 million in coverage.)
Are you concerned that your family–or boss–won’t cough up the ransom if you’re kidnapped? You can ease your fears by buying a kidnapping policy.
Multinational corporations have purchased kidnapping insurance for years, in case their executives are abducted by terrorists. But individuals can also buy this coverage if they’re about to fly off to a kidnapping hot spot such as Mexico, Colombia, Russia or the Philippines. In the first half of 1998, Lloyd’s paid out close to $20 million for kidnapping claims in Mexico, says Thomas Petersen of Petersen International Underwriters (800345-8816), a Valencia, Cal., firm that sells Lloyd’s policies.
The price varies depending on who you are, what you do and how you do it, says Petersen. A run-of-the-mill American CEO who occasionally travels abroad would pay about $1,000 to $5,000 for the policy; a high-profile person–such as anyone named Rockefeller–would pay about $2,500 to $10,000. The policy will reimburse up to $1 million in ransom (it’s illegal for the insurance company to pay the ransom directly to the kidnappers) and provide a response team of negotiators within hours.
You may also want to consider paying a few hundred dollars more to insure your whole family. “The goal of the kidnappers is to get one family member,” says Petersen. “They usually don’t care who it is.”
Chubb’s TravelSafe policy (888-885-7233) will reimburse you for nonrefundable deposits if you cancel your trip or leave early because you’ve been subpoenaed, your plane is hijacked or you’re quarantined (also if you or an immediate family member gets sick or has an accident). The policy also pays for emergency medical transportation and provides $25,000 in accidental-death insurance. The price is based on the cost of the trip: $59 for a $501 to $1,000 trip; $241 for a $4,000 to $4,500 trip.
Then there’s expensive insurance with weird commercials. Gerber, the baby-food company, sells life insurance for senior citizens? If you watch a lot of late-night TV, you’ll see Gerber’s ads targeted at term-life-averse seniors concerned about having enough insurance to cover burial costs. For $27.40 per month, a 60-year-old can buy $5,000 worth of cash-value insurance, regardless of health.
But that’s a crummy deal. If you live for more than 15 years, the $5,000 death benefit will be less than the amount paid in. If you live to age 90, for example, you will have paid $9,864 in premiums but have only a $5,000 death benefit. Even if you’re in bad healt The corporation can issue anything but long-term life insurance. Rather than an insurance company, it is a corporate group of some 300 syndicates composed of about 5,500 strictly supervised individual underwriters, each of whom must deposit large sums–about $35,000–as security against default on the risks each accepts. Lloyd’s name has been adopted by several foreign shipping companies having no connection with it. Although the group did not write the 1st marine policy–this dating back to a Florentine policy issued in 1501–its name is synonymous with marine insurance and Lloyd’s has long pioneered in setting maritime standards and safety measures. Lloyd’s prime concern is still shipping insurance and it boasts that its agents watch every mile of seacoast throughout the world.
Three million dollars daily in premiums is taken in by Lloyd’s, an underwriter of the 1880s named Cuthbert Bean having been mainly responsible for the group pioneering beyond marine insurance. Some interesting Lloyd’s policies and losses in its risky history include:
…a $ 100,000 “love insurance” policy that provided payment if a certain photographer’s model married (she did, but after the policy expired).
…a “happiness policy” that insured against “worry lines” developing on a model’s face.
…losses paid of $3,019,400 after the Lutine Bell rang over the rostrum announcing the Titanic disaster; more than $5.6 million on the Andrea Doria; $1,463,400 on the San Francisco earthquake; $110 million on Hurricane Carol in 1954.
…$22,400 worth of protection ($74 premium) against “death caused by accident” in the form of a falling sputnik.
…policies insuring against the chances of having twins, one’s golf opponent making a hole in one, war and peace, rained-out church socials, and losing one’s lover.
…Betty Grable’s legs insured for $250,000; Jimmy Durante’s nose, $140,000; a corporation executive’s brain for an undisclosed amount; flamenco dancer Jose Greco’s special trousers insured against splitting at $980 a pair; Fred Astaire’s legs for $650,000; Zorina’s toes at $25,000 per; Abbott and Costello insured for $250,000 against disagreement over a 5-year period; actress Julie Bishop, $25,000 against her gaining 4″ around the hips or waist over a 7-year period; and a $250,000 policy on the 42″ bust of an unnamed English actress.
Weird insurance claim #1:
Terrence Dickson of Pennsylvania robbed a house and then accidentally locked himself in the homeowner’s garage, which had a broken garage door opener. Stuck for more than a week, he lived off of dog food and soda. Dickson filed- and won- a homeowner’s insurance claim against the homeowners for undue mental anguish. The pay-out? A hefty half million!
Weird insurance claim #2:
Jerry Williams of Little Rock, Arkansas won more than $14K- plus medical expenses- on a dog bite insurance claim against his neighbors. Williams, who was hanging in the neighbor’s yard at the time the beagle attacked him, got chomped after continually firing a pellet gun at the dog.
Weird insurance claim #3:
Amber Carson of Pennsylvania received a six figure insurance judgment after falling and cracking her tailbone as the result of a spilled drink. The kicker? The soda had spilled on the floor when Carson threw it at someone during an earlier altercation.
And finally, a bouncer avoidance claim from Kara Walton of Claymont, Delaware. Walton sued a night club after she fell through a window and broke some teeth, winning an insurance judgment of more than $12,000. At the time, Walton was sneaking into the club so she wouldn’t have to pay a cover charge.