Some Weird Insurance Policies You Never Knew are in Existence

Are you aware that there are some very weird insurance policies people subscribe to? As the risks increase, so do the policies. However weird they seem, all insurance policies have a problem to solve.

Some Weird Insurance Policies

Weird Insurance Policies Review

In insurance, the insurance policy is a contract a standard form contract between the insurer and the policyholder, which determines the claims that the insurer is legally required to pay.

In exchange for an initial payment, known as the premium, the insurer promises to pay for losses caused by perils covered under the policy language.

Since insurance policies are standard forms, they feature boilerplate language that is similar across a wide variety of different insurance policies.

Sometimes, however, supplementary writings, such as letters sent after the final agreement, can make the insurance policy a non-integrated contract.

If you have not heard about these weird insurance policies before, this article will expose you to some of them. Let’s get to it!

Weird Insurance Policies You Never Knew About

Here are 11 weird insurance policies You never knew existed:

1. Kidnapping Insurance

Are you concerned that if you are abducted, your family will not be able to pay the substantial ransom?

Your protection will come from kidnapping insurance, which pays for medical treatment, lost wages, travel and lodging fees, rehabilitation charges, and other costs in addition to ransom payment. You can now be abducted without worrying.

2. Wedding Insurance

This is one of the weirdest insurance policies there are. Out of all the “weird” insurance policies, this is the most fathomable.

Also, the average cost of this policy is now just over $33,000. With wedding insurance, brides and grooms can protect their special day. T

This policy covers risks during weddings. Like other types of insurance, the price depends on a variety of factors. These factors can be the location of your wedding.

Also, it can be the total guest count. Please note. You are to read the agreement thoroughly. This is because not all policies are the same.

3. Lottery Insurance

Lottery insurance protects against the cost of an employee suddenly quitting. This quitting is because of winning the lottery. This policy is not widely available in the United States.

This is because business owners in the United Kingdom have a safety net.

4. Multiple Birth Insurance

This is another one on the list of weird insurance policies. If you or your partner is pregnant, you are covered. But what if you are expecting two or three babies or even more?

If that is the case, then take advantage of Multiple Birth Insurance. This protects parents from the financial burden. This financial burden comes from having twins, triplets, and more.

The cost goes thus. Leading insurance companies charge between £84 and £210. This is per policy. Also, it goes with payouts between £2,000 and £5,000, respectively.

5. Body Part Insurance

If your livelihood is based on a body part, then this is for you. Valuable body parts are not limited to celebrities. A variety of professionals could face financial hardship.

This could cause damage to their body parts. For example, surgeons who can no longer use their hands could lose their livelihood.

You may have a hard time getting a body part policy. However, you need to track down a specialty insurer.

6. Alien Abduction Insurance

The world is a dangerous place, and perhaps the universe is as well. Alien Abduction Insurance covers post-abduction medical bills. A few companies provide this unusual insurance.

This is one of the weird insurance policies. Companies like UFO Abduction Insurance Company do this.

If you want to protect yourself or a loved one from alien abduction, this is it. You can secure a lifetime policy for $19.95 for $10 million in coverage.

7. Divorce Insurance

You managed your wedding, and all came well in the end. However, there are thousands of other possibilities that insurance companies want you to take a policy for, like a divorce.

Even if you love your partner very much, you should always protect yourself first. A prenuptial agreement or a prenup is a contract between you, and your partner created before your marriage. 

The interesting fact about the prenups is that not even one royal member got this kind of agreement, regardless of their enormous assets. On the contrary, many popular couples claim “investing” in their relationships.


8. Multiple Birth Insurance

Multiple Birth Insurance

Many people are financially unstable in times like these. Even if you have a lot of money in your account, you never know what the future holds. 

Childbirth has an enormous impact on your bank account, especially if you already have kids. You can already expect growing expenses with one child, but imagine having another two or three surprises that aren’t included in your plan.

We are talking about twins or triplets. Many couples don’t know what it means to have two or three children at once. And the thing is not just about the attention but the money needed.

That’s why many couples safeguard themselves by purchasing a policy that will help them support their babies. Parents with multiple births should buy insurance as early as possible to receive extensive coverage.

Many insurance companies offer supplemental maternity options for mothers who need to stay home without income. This is also a big plus for a high-risk pregnancy.

9. Falling Coconut Insurance

Are you a person who always assumes the worst will happen? When you’re traveling on vacation to an exotic place full of coconut palms and sunny beaches, are you thinking you might die from a falling coconut?

If that’s your case, worry not; even this fear can get you insured. On the other hand, if you are not one of those people, you may wonder where they get those kinds of ideas in their heads.

10. Fantasy Football Insurance

We bet you know what Fantasy Football is since stats say that over 60 million people play it. Some play it just for fun, others for real money.

The sum spent on it is unbelievable—it’s $556 a year for the average adult member. Fantasy sports are easy to play, so they’re becoming very popular.

You need to set up your team to play in real-time, bringing you points. If, however, your player gets injured, you can reduce your losses.

11. Death-By-Laughter Policy

Laughing is regarded as a medicine that prolongs your life.

But if you throw a glance at ancient history, you will see that many people have actually died from laughing.

Laughing hard is not always the only reason for death, as in most cases, it’s related to heart failure, oxygen deprivation, brain or nervous dysfunction, and so on. 


Other Weird Insurance Policies You Should Know

Some Weird Insurance Policies

1. Change of Heart, A.K.A Cold Feet Insurance

This is often called change of heart or cold feet coverage. It covers the cost of the wedding.

They estimated the average cost at $26,645.

Also, take note. It does not cover getting stood up at the altar at the last minute. You will need to cancel the wedding a full year in advance. Also, only the bride’s or groom’s parents get financially reimbursed.

2. Bed Bug Insurance

Renters’ and homeowners’ insurance policies are pretty comprehensive. But they do not protect you against bed bugs. It can cost more than $1,000 to get them exterminated from your domicile.

That is not counting the costs of replacing an infested mattress. You may add bed bug insurance to your existing renters. Also, you may consider it for your kids.

3. Food Truck Insurance

There are good food trucks and bad ones. However, these mobile greasy spoons need insurance coverage. Do not confuse it with restaurant insurance. Food truck protects against liabilities like food-borne illness.

Also, it protects against personal injury or other damages. When you think of it, it is a pretty sound idea that makes sense when considering how one major kitchen fire can destroy food trucks.

4. Chicken Insurance

You may be content with having a dog or cat. However, there are cases where you can also have birds. This policy covers their well-being.

Most pet insurance policies cover costly medical expenses alone. while some also cover the costs of care for felines and canines which are just branches of livestock insurance.

To round up, most insurance coverages are available via single policies that cover the most important risks. However, that never meant that there were no weird policies.

Probably you never heard about them before reading this post, but now you know they actually exist.

Finally, to curb some of the risks attached to living the life you want, all you need do is get the right insurance policy, and make regular payments to avoid major expenses.

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