The following list shows five of the more bizarre insurance policies that are available:
1) Body Parts: The most famous case of this in recent years is Jennifer Lopez insuring her rear end but there are other cases. Heidi Klum apparently bought insurance on her legs to the tune of about $2.2 million. It’s not just the ladies either: In the 80s Bruce Springsteen purchased an insurance policy on his voice. True!
2) Alien Abduction Insurance: UK-based insurance company Goodfellow Rebecca Ingram Pearson offers a very popular “alien abduction coverage.” No Joke, Google It. The hard part here is that your family will have to prove to the insurance company that you were abducted by an ET.
3) Kidnapping Insurance: In wealthy circles some people buy Kidnap and Ransom (K&R) Insurance. These policies are more popular for rich travelers and people that live in kidnapping danger zones like Mexico, Columbia, Eastern Europe, Russia, and the Phillipines. The insurance company wont pay the ransom but they will reimburse the family for any payout that the family makes.
4) Wedding Coverage: Weddings cost a lot of money. The average wedding in the US costs around $23,000 and that’s without a honeymoon. Wedding insurance will cover you if the wedding is cancelled because someone gets cold feet or someone makes a run for it. It will also protect you if there is a sudden death in the family but it also covers against any damages that might be done by a drunk uncle that you’ve invited to the reception. Not as bizarre as Alien Abduction Insurance but still strange no less.
5. Judge Insurance: If you’re involved in a high stakes trial then you can buy insurance on the judge. There was on case, in the 1980s, of a part buying insurance on the judge due to the importance of his role in an expensive civil lawsuit. They had invested so much in the trial that the judge had become very valuable to the party involved.