Top 10 Strangest Insurance Policies

Most insurance agents sell the standard home, auto, life, business, maybe motorcycle and RV; but there are some strange insurance policies out there that you wouldn’t believe are true. Here is my top-ten list counting down:

10) “Change of Heart” Insurance

This insurance covers a wedding cancellation. So if the bride or groom gets cold feet before the wedding (at most 365 days) the families will receive their money back. This must be an awkward policy to sign with your fiance. It’s like asking for a prenup.

9) Multiple Birth Insurance

If you buy this policy at the time of pregnancy, you will receive a check if you are receiving more than one child. This one could actually come in handy, however the odds of twins are very low; less than 2%.

8) Bed Bug Insurance

Homeowners and renters insurance does not cover the extermination of bed bugs, which could cost you up to $2,500. This may be a good investment if you are terrified of these little critters.

7) The Sky is Falling

This policy protects you if you or your home is hit by something from the sky. That includes an asteroid, meteor, parts of plane, rocket, etc. Chicken Little would have been more calm if he had the proper insurance coverage.

6) Athlete “Loss of Value” Insurance

With this insurance, athletes can get paid if they get hurt or their skill level declines during their career. ESPN reported that current Cowboys linebacker, Jaylon Smith received $900,000 after he fell into the second round of the draft due to a knee injury. His policy could have gave him up to 5 million dollars if he was drafted higher.

5) “Drunk Guest” Insurance

Officially known as “social host liquor liability coverage,” this policy covers any damage done to your home or another individual caused by an intoxicated guest. Some homeowners policies include this but if not and you are the type of person who likes to party, you should look into this.

4) Fantasy Football Insurance

Here is where it starts to get really weird to me. This policy covers any money you lost in Fantasy Football if the reason for your loss is out of your control, like a injury to a star player. You can purchase this on FantasyPlayerProtect.com. Even if you drafted Aaron Rodgers, Julian Edelman and Odell Beckham this season, you still got some money back with this insurance.

3) Body Parts

There have been many reports of celebrities insuring a body part of theirs just in case of any damage done to it. To name a few: Tom Jones insured his chest hair for $7 million, Dolly Parton insured each breast for $300,000 each, Keith Richards of The Rolling Stones insured his middle finger for $1.6 million, Rod Stewart, Bob Dylan and Bruce Springsteen all insured their voices, Gene Simmons of KISS insured his tongue for a million, and J-Lo insured her butt for $27 million.

2) Death by Laughter
Yes, this is a real thing; people have actually died from laughter. Lloyd's of London Insurance Group offers a policy that covers stand-up comedians if someone in the audience dies from laughing too hard. The comedian/comedy group must be really confident in their material to purchase this coverage.

1) Alien Abduction Insurance

This one I posted about already because of how bizarre it is to offer as an insurance company. What’s even more bizarre is actually buying it. Llyod’s of London sold over 30,000 alien abduction policies. If you believe in aliens and are terrified of being abducted I guess it’s something to look into. I found this buzzfeed article about alien abductions if you want to be scared into buying it (sorry, I don’t offer it): https://www.buzzfeed.com/beckybarnicoat/terrifying-alien-abduction-stories-thatll-fuck-you-up?utm_term=.ijoODk65M#.quYDlRAeK

Do you know any other weird insurance policies for sale? Share them here!