The insurance industry is vast and varied, and while many people are familiar with standard types like auto, health, and home insurance, there are some more unique and niche insurance products out there.
Here’s a list of some of the more unusual insurance types:
- Alien Abduction Insurance: Provides coverage in case you’re abducted by extraterrestrials. (yes this exists)
- Multiple Birth Insurance: For expectant parents worried about the financial implications of having twins, triplets, or more. Babies are expensive, this insurance is meant to help alleviate that.
- Body Part Insurance: Celebrities and athletes frequently make the news for insuring specific body parts that are essential to their careers. For instance, a famous model might insure her legs, or a soccer player his feet. A surgeon may also insure his/her hands.
- Kidnap and Ransom Insurance: Often taken out by companies or high-profile individuals traveling to high-risk areas. It covers the cost of a ransom payment as well as other expenses related to a kidnapping incident.
- Wedding Insurance: Protects investments in significant events like weddings from unforeseen events such as cancellations due to weather, illness, or other unexpected interruptions.
- Taste Bud Insurance: Yes, professional food tasters and wine sommeliers can insure their taste buds. This man insured his taste buds for $1 million!
- Fantasy Football Insurance: For those who invest heavily in fantasy sports, this covers potential losses due to player injuries.
- Hole-in-One Insurance: Offered to golf tournament organizers. If someone hits a hole-in-one, which typically wins a prize, this insurance covers the cost.
- Haunted House Insurance: For business owners who own haunted house attractions.
- Insurance for Space Travel: As commercial space travel becomes more feasible, insurance covering the various risks associated with it is emerging. This may only sound weird to people outside of the space industry.
- Zombie Apocalypse Insurance: Though more of a gimmick or marketing ploy, some companies have offered this to tap into the pop culture phenomenon.
- Christmas Turkey Insurance: Some supermarkets have offered this in the past, covering the cost if your holiday bird is ruined.
