Strange Insurance Policies

Strange Insurance Policies

Insurance companies are in the business of returning a policy holder’s life back to normal after an accident. For instance, a heavily damaged car needs some expensive work to get running again. Often times, a policy holder can’t afford to pay for those damages at the moment, but need the repairs anyways. Insurance companies step in to assist them in their financial burden.

This belief system inspired the creation of life insurance, auto insurance, business insurance, home insurance, etc. People are insuring their greatest assets for safe keeping. Some people may have gone overboard with some of the things they’ve insured.

  • Keith Richards, of the Rolling Stones, took out a policy to insure his “magic finger.” One of his middle fingers is insured for over $1.5 million dollars. Imagine that, if his finger was hurt for any reason, he could pay for the most expensive surgeons to come work on a four inch section of flesh and bone.
  • Lloyd’s of London had a precious cigar that was 12 feet long and contained over 15,000 tobacco leaves. He felt it was so valuable that he placed an insurance policy on it, just in case someone was inclined to smoke, destroy or steal it. A good 12 foot cigar is hard to come by.
  • On the supernatural end, millions of dollars have been invested in alien abduction insurance. If you can provide proof that you were abducted by aliens, these policies will pay you money to help you recover mentally and physically from the encounter.
  • F1 star Fernando Alonso insured his thumbs for £9 mn and former Girls Next Door star and Hugh Hefner’s ex Holly Madison insured her breasts for $1 mn. However, they are not the first celebrities to take out a body parts policy.
  • After winning Gillette’s ‘Legs of a Goddess Award’ in 2006, Mariah Carey insured her pins for $1 billion. And no, before you ask, that’s not a typo. A spokesperson for the eccentric singer claimed “the sum reflects her popularity”.
  • Van Halen frontman David Lee Roth had his sperm insured for £6,56,000. The policy was thought to protect against a potential paternity suit should he inadvertently impregnate a groupie.
  • As a supermodel, Heidi Klum’s career is totally reliant on her legs, making the £1.5 million policy she took out on them seem a fairly sensible move. That is until you realise one limb is valued at £1,30,000 more than the other. The difference? Heidi has a tiny scar on her left knee.
  • As the head of a $100 million media empire, Dolly Parton is more than aware that image is everything. It’s therefore unsurprising to learn that the country and western singer has her breasts insured for nearly £2,00,000 each.
  • Cricketer Merv Hughes insured his impressive moustache for £2,25,000 during his time with the Australian national side.
  • Tom Jones had his chest hair insured for £3.5 million in 2008. The geriatric crooner still has the power to make the ladies swoon and apparently considers his luxurious pelt an essential aspect of his sex appeal.
  • Jennifer Lopez’s backside is the most famous in the business and has arguably generated more fame than her music and film work combined. J Lo is rumoured to have insured her bum for around £18 million in the mid-2000s.
  • And finally, the famous game show “Who Wants To Be a Millionaire.” What if someone actually won on that show? Let alone if multiple people won in a row. Would they have the funds to pay a person a million dollars should they earn it? They wanted to be sure they could and so they set up an insurance policy to make sure they could do it.


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