While most of us are quite familiar with the idea of insurance policies for our automobile, home, or life, that’s just scratching the surface when considering the various things that insurance companies are willing to write policies for. Protecting valuable assets is important for many people, and insurance is a great way to do it. What constitutes a valuable asset can vary quite a bit from person to person, but that certainly does not mean that some of them are less important than others. As we will see, insurance can be tailored to meet the needs of a great many circumstances, and some of them are far from ordinary.
There’s no doubt that Lord of the Dance star Michael Flatley has never attained the same pin-up status that helped make Betty Grable’s legs worth insuring for $1 million, but the dance master has certainly danced his way to fame and fortune on legs that were insured for an incredible $47 million.
Rock and roll fans are most likely familiar with Bruce Springsteen, who is affectionately known to his fans as “The Boss.” But even bosses have to plan for the future and protect themselves against the unforeseen. Springsteen took out a $6 million insurance policy on his voice to ensure that he’s not left penniless if his singing voice starts hitting sour notes.
While parents everywhere are often willing to shell out thousands of dollars to have their children’s buck teeth re-aligned through orthodontics, there are some people that pay to make sure their protruding front teeth remain just as they are. British comedian Ken Dodd was well-known for his trademark buck teeth and he considered his unique look essential to his continued success. As a result, he had them insured for a whopping $7.4 million!
A yo-yo is simply a childhood plaything for most people, but for others it means big money. That was the case for 13-year-old Harvey Lowe who won the World Yo-Yo championships back in 1932. A Canadian yo-yo maker called Cheerio considered Lowe’s hands so valuable that they insured them for $150,000 through Lloyds of London.
Everyone knows how unpredictable the weather can be, and a bad spell of weather has ruined more vacations than we can possibly imagine. Some people who apparently have more money than they know what to do with actually purchase weather insurance to protect them from unfavorable weather during their holiday or other important event. Apparently, even if the weather ruins your vacation plans, a nice cash payout can always make you feel better.