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Weird and Wacky Alternative Insurance Coverage

Weird and Wacky Alternative Insurance Coverage

Insurance is serious business. The right policy can often mean the difference between financial survival for individuals and businesses, or financial ruin in the event of an accident. However, insurance does have a lighter side. There are certain types of insurance coverage available for purchase that cover weird, wacky and sometimes amazing things. One caveat: while the coverage may be available, it is always in your best interest to carefully research both the coverage and the insurance provider. There are scams out there, so buyer beware! Body Parts Insurance Health, disability and life insurance are common enough coverage, but what if you made your living because of one (or two) specific body parts? The loss of your money-making appendage could be devastating to your personal economy. Lloyd’s of London and some other insurers have offered the following coverage: Bassist for the band Kiss, Gene Simmons, reportedly insured his ubiquitous tongue for $1,000,000. While NFL player Troy Polamalu was the spokesman for Head & Shoulders shampoo, Proctor & Gamble insured his hair for $1,000,000 to protect their investment. A Dutch winemaker insured his nose for $8,000,000. This policy includes both the loss of the nose and/or the sense of smell. Models, artists, athletes and actors insure their legs, hands, voices and other body parts to protect their livelihood. The companies who hire them may also insure against loss of use. Policyholders must take extra precautions, so skydiving, boxing, flamethrowing and other hazardous activities are discouraged and may even result in cancellation of coverage. Alien Abduction Whether or not you believe in space aliens, you may want to be insured in...