Top 5 Most Unusual Insurance Policies

Insurance is a great way to transfer risk and sleep better at night knowing that you are covered. While most of us insure against common hazards such as hail or fire, you will be surprised to find out that some individuals choose to insure against some rather abnormal risks.

1.
Alien Abduction Insurance

A company in Florida offers an insurance policy to cover people for a limit of $10,000,000 under the event that they are abducted by extraterrestrial beings. The company has reportedly sold thousands of these policies, giving out printed membership cards to all of its policyholders.

2.
Tongue Insurance

Celebrities get paid a lot of money for their fame. Though, some components of fame require certain body parts. For example, it is alleged that Gene Simmons had his tongue insured for $1,000,000 because of its notoriety from Simmons’ trademark photograph pose.

3.
Ghost Insurance

The Royal Falcon Hotel in Lowestoft, England insured its staff and customers against death caused by ghosts and other supernatural entities.

4.
Nose Insurance

Afraid of losing his smell, winemaker Ilja Gort got an $8 million policy covering his nose. The policy bars him from riding motorcycles, being a knife thrower, being a firebreather, along with other restrictions.