Top weird insurance policies policy in the world
Top weird insurance policies policy in the world

Insurance is the most common form of investment for any person. When people think of insurance, the usual policies come to mind - home, travel, rental insurance, car insurance, home insurance, personal accident – but did you know that there are policies to insure legs, body hair and even alien invasions?

This is a list of strange but very real insurance policies we could find.. They may seem weird to the average person, but in most cases they protect the owner from a very real risk.

Insurance companies in many places in the world also offer some unique covers, which we are not aware of.

Unusual insurance policies like this are real. They can even go weirder and insure your cold feet.

Are there insurance companies specialized in weird insurance?

You can get your weird insurance from some regular insurance companies, as what gets popular gets on everyone’s agenda.

If you’re wondering who could insure all of the crazy policies listed above, our answer would be Lloyds of London. This company provides specialty insurance policies, which can be tailored to include every fear of yours.

Moreover, it’s serving in over 200 countries worldwide, and it is a leader for weird insurance policies since day one.

Paranormal Insurance

The UFO insurance is not the only insurance that exists in the paranormal section. There are many spooky things that you can get insured against. Or can we call them fears? In the movie industry, there are many creatures such as warlocks, vampires, ghosts. And as a cherry on top, there are also urban legends or myths about some famous creatures around the globe, such as Yeti, Bigfoot, zombies, etc.

You can buy coverage of up to $1 million, which includes:

Death or injury caused by paranormal creatures/activities

Damage to your property caused by paranormal creatures

Even attacks from vampires, zombies, warlocks, etc.

A few years ago, the investigators concluded that the ghost was responsible for the death of the woman thrown over the banister of her home. The insurance provider paid $100,000 in claims.

In 2002, the Royal Falcon Hotel obtained a $700 premium annual policy because of the claims that the hotel was haunted by a monk who threw glasses in the pub. The insurance will have to pay over $1.4 million if anyone gets injured or killed.

Alien abduction insurance

20 Most Weirdest Insurance Policies Around The World
Alien Abduction Insurance

You must have heard about voice insurance, body part insurance. However, one would not have heard of getting insurance if the alien is kidnapped. But it’s absolutely true. There is such an insurance policy in the world. And the first company to provide this type of insurance is the St. Lawrence Agency based in Florida. After this, more than 20 thousand people around the world have bought this insurance policy. It seems that people in the world have a lot of fear of aliens, so they have taken this insurance policy.

Let’s assume all this happened. To get a benefit, you or a third party will need to prove the occurrence of abduction by photos or other means. You can buy this insurance for a single payment of $9.95 and, in return, receive $10 million of benefit.

But there’s a catch, read the fine print as in case of payout, you’ll receive $1 every year for a period of 10 million years. Isn’t that exciting?

So, if you are searching for an unusual gift similar to Donald Trump’s, go ahead and buy your friend UFO insurance.

A London based firm has sold more than 30,000 alien abduction insurance policies throughout Europe. Of course, you’ll need to provide proof of the occurrence to file a claim. If you’re a believer, a little green could save you from the little green men.

Loch Ness Monster Insurance

The Loch Ness Monster has been an item of hot debate for decades, but there are those among who are willing to bet that it will never be found. The Cutty Sark Company, located in London, has a prize of $1.5 million for anyone who captures the creature alive. To cover their own losses, they have an insurance policy that will pay out if someone actually does come forward with Nessie on a leash.

Vampire, Zombie Attack Policy

Most Weirdest Insurance Policies Around The World
Vampires and Ghosts Insurance

There are people in the world who think that vampires are real zombies. There are many such people, who live in constant fear that vampires or zombies will catch them. In this case, you can buy an insurance policy.

Lloyds, an insurance company based in London, has specially customized such a policy for the people.

Insurance on Ghost

Most Weirdest Insurance Policies Around The World
Ghost Insurance

Investigating ghosts is a profession. Considering the huge risks involved in this work, legal paranormal societies, which conduct such investigations, have tied up with insurance companies. And they provide insurance cover to the people for this.

Our obsession with ghosts and spirits seems to be taken one step further with ghost insurance. This insurance can protect you from death or permanent disability as a result of a ghost attack. The first instance of this insurance being taken out was in a UK bar where one of the patrons believed they saw a ghost wandering around. The management wanted to cover their staff for any potential injuries from the spirit.

The Sky Is Falling

Chicken Little may have rested a little easier with the proper insurance coverage. Such as an insurance policy was offered and actually issued to cover “death caused by accident” in the form of a falling sputnik. In the 52 years since Sputnik was launched, there has yet to be a recorded instance of death caused by falling satellite, shuttle, or space station parts.

Senseless Senses Insurance

We all witness how a coronavirus can take your senses away for a month or few. After that experience, it seems reasonable to insure your senses if you use them for work.

Hayleigh Curtis is a chocolate scientist working in Cadbury. Her job is to create new chocolate inventions for us to enjoy. That’s why she got her taste buds insured for over $1 million. Hayleighs’ buds are as important to her as legs to a football player.

Even though we all love chocolate, we must admit that coffee is the one waking us up every day. Now, open your eyes wide, same as after a double espresso, and read this: Gennaro Pelliccia’s taste buds are insured for an unbelievable sum of over $14 million. He is a coffee taster who can distinguish over 100 different coffee flavors and easily find any defects with the product. Now, that’s a thing!

Can you smell the rest of this paragraph? If you can’t, there is a man who actually insured his nose. Ilja Gort is a winemaker, who instead of tasting the wine, believes in his nose the most. He claims that his nose is the most important asset he has. He runs a Chateau la Tulipe de la Garde in Bordeaux, France. Can he smell properly after four glasses? This funny insurance is actually saving his smell. But little does he know. With all this money, he could insure his whole collection of wine and protect it from any possible threats, such as fire, theft, breakage, frost, etc.

Read More: How To Find The Best Car Insurance?

Body Parts Insurance and Celebrities

Most Weirdest Insurance Policies Around The World
Celebs Who Got Weird Insurance Policy For Their Body Parts

From rock stars to athletes, the list of over-the-top celebrity insurance policies is a long one, often with major payouts. In fact, just about any body part you can think of has been insured. Here are just a few.

Now, if you are a footballer or a pianist, your legs or fingers are the main “tools” for making money in your life. When you think that way, the body part insurance doesn’t seem so weird anymore. But many celebrities take this too far, making it funny.

A Dutch Winemaker’s Nose

After hearing about a man who lost his sense of smell in a car accident, winemaker Ilja Gort took out an $8 million policy on his nose. Under the terms of the policy, he is barred from riding a motorcycle or working as a knife thrower’s assistant or fire-breather, among other things.

Gene Simmons

You don’t always have to insure the entire body. Gene Simmons, the legendary bassist for the 70’s rock band Kiss, allegedly insured his tongue for $1 million when the band was in its prime.

Troy Polamalu’s Hair Endorsement

Policies on athletes don’t have to be about performance. For example, this Pittsburgh Steeler is a star on the field, but Proctor & Gamble has something more specific in mind with their endorsement deal. As the star of their shampoo commercial, they’ve insured his famous hair for $1 million

Can you insure body parts?

Yes, of course, you can ensure body parts, body features, body-liquids, even your body hair. As you’ve read in our article, many people insure even their crossed eyes, ugly noses, and taste buds. Also, you can ensure your voice, bum, chest, and almost everything that comes to your mind, even your brain, will be replaced with a plastic one

Hairy Situations

A good mustache is a thing of beauty, and apparently it can be very valuable as well. Cricket player Merv Hughes insured his mustache for a remarkable $370,000. This number is dwarfed by the astounding $7,000,000 insurance policy issued to cover the chest hair of singer Tom Jones.

Legs With Capabilities and Famous Legs

Many famous footballers have insured their legs, which are a crucial part of their job. And when men love something, they spend an entire fortune on it. If you think about it, girls should be the biggest spenders when it comes to legs. Little do we know. Cristiano Ronaldo has legs worth a whopping $144 million.

David Beckham’s legs are one of the highest insured things in sporting history. He insured his legs and face for $195 million.

But not every sports player loves their legs. The former NFL player Troy Polamalu insured his curly hair for $1 million.

What about some famous models? Heidi Klum has her legs insured for only $2 million.

Now, it will be good to know what’s more unusual: insurance for footballers’ legs or singers’ legs, as some pairs of legs do know what to do, and the others are only pretty? Why would a singer decide to insure their legs instead of voice, especially considering that they make money with their voice boxes?

Rihanna has her legs insured for $1 million. Mariah Carey is a brilliant performer, and instead of ensuring her voice, her legs are breaking the records of a whopping $1 billion. If we were Mariah, we would fall more often. Many more singers have followed this trend. Moreover, many musicians spend fortunes on insuring their other body parts.

Over-Valued Hair

Many people look at their hairy parts as something valuable. In this category, we present you insured mustaches, beards, and even chest hair. Yeah, you read that right.

Even though Tom Jones is old now, he was a sex symbol once. He got his chest hair secured for almost $7 million. When wearing unbuttoned sexy shirts, fans were plucking out his hair. He believed that it was a contribution to his charm.

Among all these weird insurance policies, insuring your mustache or beard seems quite normal. As if! The famous Billy Gibbons from ZZ Top insured his beard but didn’t want to brag about the price as Merv Hughes, whose mustache is worth $370,000. At least this man got an amazingly unique mustache.

Are you wondering who supports all these weird insurance claims? It’s Lloyd’s of London, an insurance company, which also insures gentlemen’s beards from fire and theft. Now, we can only wonder how one can possibly steal your beard?

Tongue-Twister $1 Million for an Oral Appendage!

Have you ever had a shirt with a tongue on it? If not, you surely know someone who did it. The frontman of the rock band “The KISS” has his famous tongue insured for $1 million. Gene Simmons is the rocker wearing makeup and swirling his tongue around, making his fans go crazy. When he was a little boy, he even got bullied for his tongue. And today, every fan has an item or clothes with his tongue on them. While the musician makes money as he sleeps, we may only wonder if he also gets paid when he burns his tongue with hot soup.

Now, what comes as a strange insurance policy is Miley Cyrus and her tongue. She has also insured her tongue for the same sum as Gene did, $1 million. Miley was just a teenager when fame hit her, and she didn’t know how to handle it. When a young star was in the center of attention, not knowing what to do, she stuck out her infamous tongue. Now, this is her thing, and she is doing it so much that it became her image and trademark pose.

Flaw Insured as a Virtue

Ben Turpin was a famous comedian in silent films back in the 1920s. He bought a $25,000 policy, which today equals $333,817. According to the policy, Ben would be paid if his crossed eyes ever got uncrossed. Sorry, Turpin, they could never uncross, except in the REM phase.

Both people and companies can get very creative and invent crazy insurance policies like this. It all began with a nickname for Jimmy Durante, who loved his large nose so much that he put the Italianized word “Schnozzola” as his middle name. “Schnoz” is slang for a big nose. This man was famous in the 1930s as an actor, comedian, singer, and much more. He got his large nose insured for what equals today as $1,884,365. Large nose, large money!

Lottery Insurance

Another strange insurance we’ve come across is lottery insurance. It’s insurance for business owners in case their employee wins the lottery.

Let’s be realistic; not everyone plays the lottery today. Even if they do, the chances to win are slim to none.

On the other hand, business owners want to protect their companies. So, many owners opt for lottery-winners insurance. And you may wonder, where would the employees be if they won a lottery? Well, we don’t think many would go back to their favorite nine to five job.

Change of Heart Policy

If you have made up your mind to run away and refuse her at the last moment of marriage, then this policy is for you. No insurance company can fix your broken heart, but if it is present, you will not have to worry about paying for wedding decorations and food. It helps you to be prepared in that situation.

Contest Insurance

Some tournaments give big awards like cars or considerable amounts of money. If you’re wondering how they manage it all, we’ll tell you. It is the insurance.

People got so far that the weirdest insurance in this category goes to the competition for catching the Loch Ness monster alive. It was in the 70s, and the competition prize was £1 million (appr. $1,378,507). As crazy as it sounds, the company insured itself against someone capturing the Scottish beast.

Another one in this category is the infamous contest called “Who Wants to Be a Millionaire?” Many people had won it, and we all felt their joy. This competition has insurance against anyone actually winning the main prize. This insurance policy was bought from the famous Lloyd’s of London. When the show just started, six people managed to win the prize, and Lloyd’s sued the producers for having such basic questions.

Riot Insurance

Most Weirdest Insurance Policies Around The World
Riot Insurance

Visiting any foreign country is certainly a risk that we take in order to get the reward of adventure, but there’s one country that wants to make it even more appealing for tourists to visit. Thailand has been host to numerous attacks and riots that occur throughout the year, and this bustling tourist town doesn’t want that to get in the way of a good holiday. The Thai government offers a $10,000 insurance payout for tourists who are involved in a riot, making it a little more enticing to visit this risky country.

What celebrities have insured body parts?

Most of the celebrities who have insured body parts are sports athletes, dancers, singers, actors. Usually, they use their body parts as a “tool” for making money. Some of them get insured by their employer, like Mariah Carey, insured by Gillette, and America Ferrera, whose smile was insured by a toothpaste company. Other famous people who spent a lot of money on insurance are David Beckham, Daniel Craig, Heidi Klum, Rihanna, and many more.

Can't Buy Me Love

You can’t buy love, but apparently you can insure against it. Lloyd's of London issued a $100,000 dollar policy to protect a photographer if his prize model married. Did she get married? Yes, but only after the policy had expired.

No Laughing Matter

What happens when a comedy team has irreconcilable differences? Abbott and Costello didn't take any chances. The famous duo took out an insurance policy for a quarter of a million dollars to cover them if an argument split their team.

Gambling Losses

Most Weirdest Insurance Policies Around The World
Gambling Losses Insurance

Although the whole point of gambling is to take a risk, that doesn’t mean people haven’t tried to protect themselves against the inevitable losses. Two inventors once received a patent for a machine that could be set up inside of a casino or gaming lounge where a punter could select an amount of coverage for themselves. Although only applicable to excessive losses, the machine was never actually tested out in a casino.

Tastes Like Money to Me

Believe it or not, there’s actually an insurance policy that will cover your taste buds. Food critic Egon Ronay had his taste buds insured for a whopping $393,000.

Sitting On a Fortune

Would you pay $27 million dollars for a seat? Apparently there is an insurance company willing to pay that much for J. Lo's. The actress/singer, Jennifer Lopez, reportedly secured a $27 million dollar policy for her butt. Yes, that's 27 followed by six zeros, if they actually wind up writing a check to cover it.

A Million Year Payout

Which insurance pays you back as much as $1 a year for a million years? Alien abduction insurance of course. Why get your money all at once when you can stretch the benefits out for a million years! I guess the upside to getting abducted is a small but steady income stream that will be difficult to outlive. St. Lawrence Agency in Florida was the first company to offer this unique coverage – and it says that it has paid out at least two claims.

Food Truck Insurance

Here’s one that’s relatively unknown, but necessary if you’re a part of the growing mobile food vendor industry. With up to 10,000 food trucks in Los Angeles County alone, you want to be sure your rolling veggie burrito business is insured. Auto accidents, fire, and food borne illness are just some of the risks they face.

Cigars Insurance

The most expensive insurance policy issued for a cigar was written by Lloyd’s of London. The cigar in question in over 12 feet long and was made from more than 15,000 tobacco leaves.

Fantasy Football Insurance

We bet you know what Fantasy Football is since stats say that over 60 million people play it. Some play it just for fun and others for real money. The sum spent on it is unbelievable — it’s $556 a year from the average adult member.

Fantasy sports are easy to play, so they’re becoming very popular. You need to set up your team that plays in real-time, bringing you points. If, however, your player gets injured, you can reduce your losses. There is a way to reimburse your fees by buying a real insurance policy for the imaginary athletes. This means that if your athlete is out for a few games or the rest of the season because of injury or other reasons, your funds can be reimbursed in full.

*****

No longer will you look at insurance as a dull necessity, as these weird insurance facts show you that there can be some fun in risk management. Although the everyday person isn’t likely to need their hair insured or protection from alien abduction, there are some smarter ways that you can protect yourself and your loved ones.

Most of these insurance policies seem crazy and absurd to the average person -- and maybe they are. But remember, insurance is partly about peace of mind, and that’s different for every person. You might not feel the need to insure your butt, mustache, or chest hair, but is there anything in your life that causes you to lose sleep at night? Risk management in these areas is a must, and not just in the form of an insurance policy.

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