You’ve done your best to make sure you’re covered in every possible situation. You’ve got the standard car, home, personal liability, and life insurance. Plus, your business is covered. But who says that’s all the insurance coverage you need? Some people are taking their insurance coverage a lot further!
Over the years, insurance companies have had to provide coverage for some fairly unusual situations. To give you an idea, here are some of the most unique insurance policies ever written:
Body Part Insurance
That’s right – you can insure individual body parts. The average person probably wouldn’t insure their legs or hair, but for the rich and famous, this is a fairly common practice. There are multi-million-dollar insurance policies protecting against bodily injury or harm, and when you think about it, it kind of makes sense. Actors and singers rely on their body parts for their future earnings. For example, Miley Cyrus’ tongue is reportedly insured for $1M and David Beckham’s legs are covered at a whopping $70M.
Cold Feet Insurance
Have you ever known a couple to get cold feet at the last minute and call off their wedding? Well, there’s insurance for that! Also known as ‘change of heart’ insurance, this is made for couples who call their wedding off before the big day. But the couple doesn’t get reimbursed – only their parents.
Multiple Birth Insurance
Raising a baby is expensive. Raising two is even more so. That’s why you can get multiple birth insurance. With this policy, if you have twins (or more) the policy will cover the costs of the additional babies.
Every now and then a small meteor hits the earth. So it’s not improbable that a larger asteroid could strike the earth at some point. Many people believe that a large asteroid could upset their lives, so they have insurance policies in place to protect themselves against the possibility of this rare incident. Remember though, you need to survive the asteroid strike to collect on your policy!
Alien Abduction Insurance
Anyone who’s worried about an alien abduction can rest easy knowing there’s an insurance policy for that. You’ll need to provide some sort of proof in order to collect on your policy, though. Make sure to snap a pic on your iPhone during alien experiments if you get a chance!
Some More Common Insurance Policies
There are some pretty uncommon insurance policies out there. At Cornerstone, we don’t offer alien abduction insurance, but we do have a lot of experience with more common insurance coverage that can protect you from more likely incidents, including:
As more companies and individuals move online, their security risk increases. Cyber attacks pose a serious security threat to your business. They can set back your work and cost you thousands of dollars to repair. A cyber protection policy insures you in case your sensitive information is ever hacked online.
General Liability Insurance
Accidents happen more often than you might think, and when they do, you need to make sure your business is covered. General liability insurance provides coverage in case your business or product is found responsible for property damage or personal injury. It’s absolutely essential for any business.
Your home may be the biggest personal investment you’ll ever make. With homeowners insurance, you can help protect that investment from damage or destruction. Typically, homeowners insurance protects your home inside and out from situations like fire or break-ins.
Whether you’re a long-time or new driver, you absolutely need car insurance. It’s the law. Car accidents are nearly unavoidable and on top of shouldering the cost of damages, you may be liable for injuries or death. This policy will help protect you from all costs and damages if you’re ever in a car accident, and there are plenty of options and add-ons to save you money down the road, including glass coverage.
Umbrella insurance gives you liability coverage beyond what you receive in a typical home or auto insurance policy. This insurance will come into effect once you’ve reached the liability limits of your other policies, providing you an extra safety net!
Whether you’re worried about cold feet, alien abductions, or your average car accident, it’s always good to review your policies with a professional insurance broker to spot the gaps and see where there might be additional risk. You can sit down with a broker at Cornerstone Insurance for a peace of mind consultation to make sure your policies have you completely covered!
Give our team a call any time. We’re always happy to help.
Posted on Tue, April 30, 2019
by Karim Mouait filed under