This Insurance trivia brought to you by Ryan Hoffstot Insurance Agency Inc.
People have insured some pretty crazy things over the years! Here are a few examples:
Alien Abduction Insurance: Some insurance companies actually offer policies that protect against the unlikely event of being abducted by aliens. For example, a British company called Goodfellow Rebecca Ingrams Pearson (GRIP) sells a policy that pays out £1 million if the policyholder can prove they were abducted by extraterrestrials.
Taste Bud Insurance: In the 1940s, a company called Lloyds of London reportedly insured the taste buds of wine taster Ilja Gort for £1 million. The policy protected against any damage to Gort's palate that would prevent him from doing his job.
Body Part Insurance: Some celebrities have insured specific body parts for millions of dollars. For example, singer Mariah Carey reportedly insured her legs for $1 billion, while actor Tom Jones insured his chest hair for $7 million.
Hole-in-One Insurance: Golfers can purchase hole-in-one insurance, which pays out a prize in the event they score a hole-in-one during a tournament or other event. The insurance typically covers the cost of the prize, which can range from a new car to a vacation.
Bigfoot Insurance: In 2015, a company called Global Bigfoot Insurance offered policies that protected against damage caused by the mythical creature. The policy included coverage for damage to property, vehicles, and even injuries sustained while hunting Bigfoot.
Pet Insurance: While pet insurance is not necessarily weird, some pet owners have gone to great lengths to protect their furry friends. For example, a British couple insured their cat for £50,000 after it was diagnosed with a heart condition.
Ghost Insurance: Some homeowners in the UK have purchased ghost insurance, which protects against financial loss if a property is deemed haunted and is subsequently difficult to sell.
Rain Insurance: In some parts of the world, event organizers purchase rain insurance to protect against financial loss if their outdoor event is rained out. The policy pays out if a specified amount of rain falls during the event.
Hair Insurance: Some celebrities have insured their hair for millions of dollars. For example, singer Tina Turner reportedly insured her famous hair for $3.5 million, while footballer Cristiano Ronaldo insured his hair for €100 million.
These are just a few examples of the weird and wonderful things people have insured over the years. While some of these policies may seem ridiculous, they show that insurance can provide peace of mind in even the most unusual circumstances.
Remember, accidents happen - that's why they're called accidents and not on-purposes. Stay safe out there (and keep your fingers crossed that you won't need to file a claim)
Remember, accidents happen - that's why they're called accidents and not on-purposes. Stay safe out there (and keep your fingers crossed that you won't need to file a claim)