Top 10 Craziest Things People Have Insured

Many celebrities are known for their looks or a certain body part that is directly tied to their source of income. If their asset is critically damaged or deformed, it could impede their ability to make millions. So, many celebrities and the companies they work for require insurance coverage to protect them from a loss of income. Often, the result is odd insurance coverage that the average person would find bizarre.

Betty Grable started the trend of celebrities insuring individual body parts when she insured her legs for $1 million in 1940. From Jennifer Lopez’s butt to Dolly Parton’s chest, these women know that their careers are at stake should they be hurt in any way. Most people insure themselves and their income generating assets, but that has not stopped other people from taking out uncommon insurance on themselves or possessions resulting in odd insurance policies.

Ten of the most odd insurance coverage issued…

  1. Fantasy Football Insurance–Source: CNN
  2. Wedding Insurance for things like loss of rings, damaged dresses, weather, etc.–Source:
  3. $1 Million Insurance Policy On Troy Polamalu’s Hair–Source: People Magazine
  4. £1 million insurance Birth by immaculate conception–Source: Spero News
  5. Prize Insurance, such as Hole-In-One Insurance for $50,000
  6. Abduction, Impregnation and Consumption by Aliens Insurance for $1.5 Million
  7. Thailand Riot Insurance-$10,000 Per Tourist–Source: NY Times
  8. Tom Jones’ chest hair-$7 million–Source: Cracked
  9. Jennifer Lopez’s backside-allegedly $27 million–Source: PopCrunch
  10. Dolly Parton’s chest-$600,000–Source: ABC News

Insurance Coverage is to Protect Against Income Loss

The primary purpose of life insurance is to replace a loss of income. This is the most important reason for insuring something whether that’s person whose income you depend upon or a celebrity’s hair that a shampoo company depends upon.

In the end, it is possible to purchase an insurance policy for almost any item, body part, or income-producing asset that you want. In most cases, there are insurance companies willing to offer odd insurance if you are willing to pay the premium. An insurance company will write an uncommon insurance policy if the company thinks that the risk is acceptable. So, it is possible for you and others to purchase insurance coverage on the things that are most important to you no matter how crazy, odd, or outlandish.

Hank Coleman is the founder of the personal finance blog Money Q & A and several other financial websites. He is a freelance writer, entrepreneur, and professional in the government sector. Hank holds a Bachelor’s Degree in Business Administration, a Master’s Degree in Finance and is currently studying for his Certified Financial Planner (CFP) credentials. Be sure to follow him on Twitter.