Insurance is a form of risk management that provides financial protection against unforeseen events or losses. It works by transferring the financial risk of an event from an individual or organization to an insurance company in exchange for payment of a premium.
Insurance plays a vital role in our lives by providing a sense of security and protection against financial losses due to unexpected events such as accidents, illnesses, natural disasters, or theft. It helps individuals and businesses manage risks and plan for the future more confidently.
However, While health, car, and life insurance are well-known and commonly purchased, there are several other types of insurance that you didn’t even know existed. Many people are unaware of the existence of such insurance coverage, because they look weird, although some are not completely weird, but, they are not the usual insurance policies we know.
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In this article, we will explore 20 weird types of insurance that you didn’t even know existed, and explain their coverage, benefits, and famous cases.
- 1 1. Alien Abduction Insurance
- 2 2. Zombie Insurance
- 3 3. Body Part Insurance
- 4 4. Wedding Insurance
- 5 5. Lottery Insurance
- 6 6. Hole-In-One Insurance
- 7 7. Immaculate Conception Insurance
- 8 8. Vampire Insurance
- 9 9. Riot Insurance
- 10 10. Kidnap and Ransom Insurance
- 11 11. Ghost Insurance
- 12 12. Loss of Smell Insurance
- 13 13. Sports Fan Insurance
- 14 14. Bedbug Insurance
- 15 15. Weather Insurance
- 16 16. Change of Heart Insurance
- 17 17. Insurance Against Death By Laughter
- 18 18. Multiple Birth Insurance
- 19 19. Athlete Loss Of Value Insurance
- 20 20. Concealed Carry Insurance
- 21 Conclusion
1. Alien Abduction Insurance
Alien Abduction Insurance is a type of insurance policy that provides financial compensation to individuals in the event that they are abducted by extraterrestrial beings. The coverage typically includes medical expenses, psychiatric treatment, and other related costs associated with the abduction.
While the likelihood of being abducted by aliens is incredibly low, some individuals purchase Alien Abduction Insurance as a form of entertainment or as a way to protect themselves from the unknown. It can also provide peace of mind to those who believe in extraterrestrial life and want to be prepared for any scenario.
One of the most famous cases of Alien Abduction Insurance was taken out by British singer, David Bowie. In the 1970s, Bowie reportedly purchased a policy from Lloyd’s of London, which promised to pay out $1 million in the event that he was abducted by aliens. Another famous case involves a couple in Florida who claimed to have been abducted by aliens in 1992. They filed a claim with their Alien Abduction Insurance company, but the claim was denied due to lack of evidence.
While the idea of Alien Abduction Insurance may seem bizarre to some, it is an actual type of coverage that some individuals have found useful. Whether you believe in aliens or not, it’s always good to be prepared for the unexpected.
So, Are you worried about being abducted by aliens? Well, you can now protect yourself with Alien Abduction Insurance! Yes, it’s a real thing.
2. Zombie Insurance
In the world of insurance, there seems to be a policy for just about everything, including the undead. Yes, you heard that right – there is such a thing as Zombie Insurance!
Zombie Insurance is a type of insurance policy that provides financial compensation in the event of a zombie apocalypse. The coverage typically includes medical expenses, emergency evacuation, and property damage caused by zombies. Some policies may also provide compensation for loss of income due to the apocalypse.
While the likelihood of a zombie apocalypse is incredibly low, some individuals purchase Zombie Insurance as a way to prepare for any potential disaster scenario. It can provide peace of mind and protection for those who are interested in being prepared for the unknown.
There have not been any well-known cases of Zombie Insurance payouts, as the occurrence of a zombie apocalypse is purely fictional. However, some insurance companies have used the idea of Zombie Insurance as a marketing ploy to attract customers. For example, in 2011, the British insurance company, The Insurance Emporium, launched a Zombie Apocalypse Policy that received a lot of media attention.
While the concept of Zombie Insurance may seem odd and unlikely, it is an actual type of coverage that some individuals have found useful for peace of mind and disaster preparedness. At the very least, it’s an interesting conversation starter!
3. Body Part Insurance
When we think of insurance, we often think of insuring our homes, cars, and health. However, some individuals also insure specific parts of their bodies, such as their legs or their vocal cords. This is known as Body Part Insurance.
Body Part Insurance is a type of insurance policy that provides financial compensation in the event of a specific body part becoming injured, lost, or unusable. The coverage can vary depending on the policy, but it can include compensation for medical expenses, loss of income, and other related costs.
Celebrities and athletes are often the most common purchasers of Body Part Insurance, as their livelihoods depend on the functionality of certain body parts. For example, a singer may insure their vocal cords, a football player may insure their legs, or a model may insure their face. However, some individuals may also purchase Body Part Insurance for their own personal reasons, such as having a unique or valuable body part that they want to protect.
One of the most famous cases of Body Part Insurance is that of actress Betty Grable, who insured her legs for $1 million each in the 1940s. More recently, soccer player David Beckham insured his legs for $70 million in the early 2000s, and singer Mariah Carey reportedly insured her vocal cords for $35 million. Other famous individuals who have insured body parts include Heidi Klum, Keith Richards, and Bruce Springsteen.
Body Part Insurance may seem unusual to some, but it is a real type of coverage that provides protection for valuable and essential body parts. Whether you’re a celebrity, athlete, or just want to protect a unique body part, Body Part Insurance can provide peace of mind and financial protection in case of an unexpected injury or loss.
4. Wedding Insurance
Weddings are a significant event in a couple’s life and often involve significant financial investment. Wedding Insurance is a type of insurance policy that provides financial protection in the event of unforeseen circumstances that could result in the postponement, cancellation, or rescheduling of a wedding.
Wedding Insurance is a type of insurance policy that provides coverage for various unexpected incidents that may occur before or during a wedding. The coverage can include cancellation or postponement of the wedding due to extreme weather conditions, illness, or venue-related issues. The policy may also cover loss or damage to wedding attire, theft or damage to wedding gifts, and other related expenses.
Wedding Insurance is often purchased by couples who are investing a significant amount of money in their wedding and want to protect themselves from any unforeseen circumstances that could result in financial loss. It can provide peace of mind to the couple and their families, knowing that they are protected in case of any mishap.
There have been numerous cases where couples have had to cancel or postpone their weddings due to unforeseen circumstances. For example, in 2020, many couples had to cancel their weddings due to the COVID-19 pandemic, resulting in significant financial losses. Wedding Insurance could have helped mitigate those losses. Additionally, in 2011, the wedding of Prince William and Kate Middleton had extensive Wedding Insurance coverage to protect against any mishaps that could have potentially occurred during the high-profile event.
Wedding Insurance is an essential coverage option for couples who are investing a significant amount of money into their wedding day. It can provide peace of mind and financial protection in case of any unforeseen circumstances. As with any insurance policy, it’s essential to read the terms and conditions carefully to ensure that the policy covers all potential issues that could arise.
5. Lottery Insurance
Winning the lottery can be a life-changing event, but what if you win and can’t collect your prize due to unforeseen circumstances? Lottery Insurance is a type of insurance policy that provides coverage in case of unexpected events that could prevent a lottery winner from collecting their prize.
Lottery Insurance is a type of insurance policy that provides coverage in case of unexpected events that could prevent a lottery winner from collecting their prize. The coverage can include issues such as the lottery company’s bankruptcy, administrative errors, or unforeseen legal disputes. The policy provides the winner with the full amount of the prize money they would have received if they were able to claim their prize.
Lottery winners often invest a significant amount of money into buying tickets, and the thought of winning a large sum of money can be a significant motivator. However, many unforeseen circumstances can prevent a winner from collecting their prize. Lottery Insurance provides protection and peace of mind for the winner in case of any unexpected events that could prevent them from collecting their prize.
One of the most famous cases of Lottery Insurance occurred in 2018 when a woman in New Hampshire won a $559.7 million Powerball jackpot. The woman wanted to remain anonymous but was required to reveal her identity to claim the prize. She filed a lawsuit to protect her identity and won, but her identity was only revealed after she signed the back of the winning ticket. If she had purchased Lottery Insurance, she would have been protected from any legal disputes and would have been able to remain anonymous.
Lottery Insurance is a little-known insurance policy that can provide significant financial protection for lottery winners. With the possibility of unforeseen circumstances preventing winners from claiming their prize, Lottery Insurance provides peace of mind and financial protection. As with any insurance policy, it’s important to carefully read the terms and conditions to ensure that the policy covers all potential issues that could arise.
6. Hole-In-One Insurance
Golf enthusiasts know how hard it is to hit a hole-in-one, and when it does happen, it’s a memorable event. But did you know that there is a type of insurance that provides coverage for the cost of celebrations that follow? Hole-In-One Insurance is a specialized insurance policy designed to provide coverage for the cost of celebrations that take place when a golfer hits a hole-in-one. In this section, we will explore the coverage, reasons for purchasing, and famous cases of Hole-In-One Insurance.
Hole-In-One Insurance is a specialized insurance policy designed to provide coverage for the cost of celebrations that take place when a golfer hits a hole-in-one during a tournament or other organized golf event. The coverage can include the cost of prizes, such as a new car, vacation package, or cash, that are offered to the golfer who hits the hole-in-one. The policy also covers the cost of the celebration, including food, drinks, and any other expenses incurred during the event.
Organizers of golf tournaments and events purchase Hole-In-One Insurance to protect themselves from the financial burden of offering expensive prizes and celebrations in case a golfer hits a hole-in-one. It is also an excellent way to generate excitement and participation in the event by offering enticing prizes for hitting a hole-in-one. Hole-In-One Insurance provides peace of mind and financial protection for the organizers of golf events.
In 2015, an amateur golfer in Illinois, Todd Marsh, hit a hole-in-one during a charity golf tournament. The prize offered for hitting a hole-in-one was a brand-new Jeep Grand Cherokee. The organizers of the tournament had purchased Hole-In-One Insurance, which covered the cost of the vehicle. Todd Marsh became the first person in the history of the tournament to hit a hole-in-one, and his achievement became even more memorable as he won a brand-new car.
Hole-In-One Insurance may seem like an unusual insurance policy, but it provides essential financial protection for organizers of golf tournaments and events. By offering exciting prizes and celebrations, organizers can attract more participants and generate excitement around the event. Hole-In-One Insurance provides peace of mind and financial protection in case a golfer hits a hole-in-one and claims the prize.
7. Immaculate Conception Insurance
While it may seem like a subject of legend, Immaculate Conception Insurance is an actual type of insurance that some people opt to purchase.
Immaculate Conception Insurance is a type of policy that provides financial assistance to a woman who becomes pregnant without having sexual intercourse. The coverage includes the costs associated with pregnancy and childbirth, such as prenatal care, hospital bills, and delivery expenses. The policy may also cover the cost of raising the child up to a certain age.
Immaculate Conception Insurance may be purchased by individuals or couples who believe in the possibility of a virgin birth or who have religious beliefs that do not permit sexual intercourse outside of marriage. It may also be purchased by individuals who have a history of infertility and want to ensure that they have financial protection in the event of an unexpected pregnancy.
From my research, I don’t think there are any famous cases of Immaculate Conception Insurance claims as it is highly unlikely for a woman to become pregnant without sexual intercourse. The idea of purchasing this type of insurance is based on personal beliefs or religious convictions.
Immaculate Conception Insurance is a highly specialized type of insurance that is based on religious or personal beliefs. While it is not a widely popular type of insurance, it may offer peace of mind and financial protection to individuals or couples who hold these beliefs. However, the likelihood of a virgin birth is incredibly low, making the purchase of this type of insurance an unnecessary expense for most people.
8. Vampire Insurance
Vampire Insurance is a type of policy that may sound like it belongs in a horror movie, but it is actually a real insurance policy that exists in some countries.
Vampire Insurance is a type of insurance that provides financial compensation to individuals who believe that they have been bitten by a vampire. The policy covers medical expenses related to the injury, such as hospital bills, blood tests, and vaccinations. Some policies may also cover damages caused by the vampire, such as broken windows or destroyed property.
Vampire Insurance may be purchased by individuals who live in areas with a high prevalence of vampire legends or folklore. It may also be purchased by individuals who participate in activities that increase their risk of encountering vampires, such as travelling to remote areas or engaging in vampire-themed events.
There are no famous cases of Vampire Insurance claims, as it is highly unlikely for a vampire attack to occur. The idea of purchasing this type of insurance is based on personal beliefs or superstitions.
Vampire Insurance may seem like an odd or unnecessary type of insurance, but for some individuals, it offers a sense of protection and peace of mind. However, the likelihood of encountering a vampire and needing to file a claim is incredibly low. As such, Vampire Insurance may not be a practical choice for most people.
9. Riot Insurance
Riot Insurance is a type of insurance policy that provides coverage for damages or losses that result from riots or civil unrest. I personally believe this is the less weird of the 20 weird types of Insurance you didn’t even know existed especially when you stay or have a business in a crisis-rich community.
Riot Insurance is a type of insurance policy that covers damages or losses caused by riots, civil unrest, and similar events. The policy typically covers property damage, business interruption losses, and any injuries that result from the riots. Riot Insurance is commonly purchased by businesses that are located in areas with a history of civil unrest, as well as those that operate in high-risk industries.
Businesses purchase Riot Insurance to protect themselves from financial losses that can occur when their property is damaged, or their operations are interrupted by riots. For example, if a business suffers damage due to a riot, Riot Insurance can help cover the cost of repairs, allowing the business to resume operations more quickly. Similarly, if a business is unable to operate due to a riot, Riot Insurance can help cover the cost of lost income.
One example of a famous case of Riot Insurance was during the 1992 Los Angeles riots, which erupted after the acquittal of police officers involved in the beating of Rodney King. Many businesses suffered significant damages during the riots, with losses totalling over $1 billion. Those with Riot Insurance were able to recoup some of their losses, while those without insurance faced significant financial hardship.
Riot Insurance provides essential protection for businesses that are vulnerable to damages or losses caused by civil unrest. While it may seem like an unlikely scenario, the 1992 Los Angeles riots show that riots can happen unexpectedly, and they can cause significant financial losses. As such, Riot Insurance is a wise investment for businesses in high-risk areas or industries.
10. Kidnap and Ransom Insurance
Kidnap and Ransom Insurance is a specialized type of insurance policy that provides coverage for individuals and businesses in the event of a kidnapping or ransom situation.
Kidnap and Ransom Insurance is a type of insurance policy that provides coverage for the costs associated with a kidnapping or ransom situation. The policy typically covers the ransom payment, loss of income, medical expenses, and other related costs. Some policies also provide coverage for additional expenses such as crisis management, public relations, and legal fees.
Kidnap and Ransom Insurance is typically purchased by individuals or businesses that operate in high-risk areas or industries where the risk of kidnapping is elevated. Examples of such industries include mining, oil and gas, and financial services. The insurance policy provides peace of mind for individuals and businesses that may be targeted by kidnappers, as well as a means of ensuring that they can recover financially from any resulting losses.
One example of a famous case involving Kidnap and Ransom Insurance was the kidnapping of American journalist Jill Carroll in Iraq in 2006. Carroll was held captive for 82 days before being released after her family and employer paid a ransom. The ransom payment was reportedly covered by Kidnap and Ransom Insurance, which helped to alleviate some of the financial burden on Carroll’s family and employer.
Kidnap and Ransom Insurance provides a crucial layer of protection for individuals and businesses operating in high-risk areas or industries. While it may seem like an unlikely scenario, kidnappings and ransom situations can and do happen, and the financial costs can be significant. As such, Kidnap and Ransom Insurance is a wise investment for those who operate in these high-risk environments.
11. Ghost Insurance
Ghost insurance may sound like a strange and improbable concept, but it is a real type of insurance policy that provides coverage for individuals who believe their property is haunted.
Ghost Insurance is a type of insurance policy that provides coverage for individuals who believe their property is haunted or have experienced paranormal activity. The policy typically covers the costs associated with exorcism, spiritual cleansing, and other related services. Some policies also provide coverage for the costs of relocation if the haunted property is deemed unlivable.
Ghost Insurance is typically purchased by homeowners, landlords, and business owners who believe their property is haunted or have experienced unexplained events. The insurance policy provides peace of mind for these individuals and a means of covering the costs associated with resolving the paranormal activity.
There have been numerous cases of alleged haunted properties throughout history, but few have involved the purchase of Ghost Insurance. One example is the case of the “Demon House” in Gary, Indiana, which was reportedly haunted by a demonic entity that terrorized the family living there. The owner of the property, Zak Bagans of the Travel Channel’s “Ghost Adventures,” purchased Ghost Insurance for the property before conducting an investigation and ultimately demolishing the house.
Ghost Insurance may seem like a bizarre concept, but for those who believe their property is haunted, it provides a means of covering the costs associated with resolving paranormal activity. While there are few famous cases of individuals purchasing Ghost Insurance, the policy provides peace of mind and financial protection for those who believe they are dealing with a haunted property.
12. Loss of Smell Insurance
Loss of smell insurance may seem like an unusual type of coverage, but it is a real insurance policy designed to provide financial protection for individuals who experience a loss of smell due to an accident or illness.
Loss of smell insurance is an insurance policy that provides financial protection for individuals who experience a loss of smell due to an accident or illness. The policy covers medical expenses associated with the treatment of anosmia (loss of smell) and may also provide compensation for lost income and other related expenses.
There are several reasons why an individual may choose to purchase loss of smell insurance. For example, loss of smell can be a debilitating condition that affects an individual’s ability to work and enjoy life. An insurance policy can provide financial protection for these individuals and ensure that they can receive the necessary medical treatment and care.
There are few famous cases of individuals purchasing loss of smell insurance, as the policy is relatively new and not widely known. However, loss of smell is a common symptom associated with COVID-19, and many individuals who have recovered from the virus have reported a long-term loss of smell. As a result, there has been an increased interest in loss of smell insurance as individuals seek to protect themselves from the potential financial impact of this symptom.
Loss of smell insurance may not be a well-known type of insurance policy, but it can provide valuable financial protection for individuals who experience a loss of smell due to an accident or illness. While there are few famous cases of individuals purchasing this insurance, it is a valuable tool for those who want to ensure that they have the necessary financial protection in the event of a loss of smell.
13. Sports Fan Insurance
Sports fan insurance is a type of insurance policy that provides reimbursement for the costs of attending a major sports event in the event of a team’s loss. The coverage typically includes expenses such as ticket costs, travel, lodging, and other related expenses.
Sports fan insurance can provide peace of mind to fans who invest significant amounts of time and money into attending major sporting events. It can also serve as a way to mitigate financial losses in the event of a major upset or unexpected outcome, particularly for fans who have travelled a long distance to attend a game.
One famous case of sports fan insurance was when the Cleveland Indians offered fans the chance to purchase insurance for their season tickets during the 2007 season. The policy offered fans a full refund of their ticket costs if the team failed to win at least 60 games. While many fans did not take advantage of the policy, it did serve as a unique marketing strategy for the team and generated a great deal of media attention.
14. Bedbug Insurance
Bedbug insurance is a type of insurance policy that provides coverage for the expenses associated with a bedbug infestation. The coverage typically includes the costs of extermination, property damage, and personal property replacement.
Bedbug insurance can provide peace of mind to property owners and renters who are concerned about the potential financial burden of a bedbug infestation. Bedbugs are notoriously difficult and expensive to eradicate, and they can cause significant damage to furniture and personal belongings. Bedbug insurance can help mitigate these costs and provide financial protection against the unexpected.
There are no widely-known cases of bedbug insurance being used, as it is still a relatively new type of insurance. However, with the rise of bedbug infestations in recent years, it is likely that more individuals and property owners will begin to consider this type of coverage as a way to protect themselves from potential financial losses.
15. Weather Insurance
Weather insurance protects against financial losses resulting from adverse weather conditions, such as hurricanes, floods, droughts, and other natural disasters. The coverage can be customized to meet specific needs, and the amount of coverage is based on the severity and duration of the weather event.
Weather insurance is particularly useful for businesses that may experience a decline in revenue due to weather-related events, such as ski resorts during a mild winter. Farmers and event planners may also purchase weather insurance to protect against crop losses or event cancellations.
Famous examples include the 2010 Winter Olympics in Vancouver, where weather insurance protected against financial losses due to a lack of snowfall, and Southwest Airlines, which purchased weather insurance to protect against losses from hurricane-related flight cancellations.
Overall, weather insurance is an important risk management tool for individuals and businesses, providing financial protection against the unpredictable nature of weather events.
16. Change of Heart Insurance
Change of heart insurance is a type of insurance that protects individuals against losses incurred as a result of a change of mind regarding a major financial decision. This insurance covers losses such as deposits or upfront costs paid for services or goods, such as a wedding or a home renovation, if the policyholder changes their mind and decides not to go through with the purchase or service. The policyholder must provide evidence that they had a genuine change of heart to receive compensation.
Individuals may choose to purchase change of heart insurance for several reasons. For example, if someone is planning a wedding and has already made deposits with vendors, but the wedding is called off, the policyholder may be reimbursed for the non-refundable costs incurred. Similarly, if someone decides not to go through with a major home renovation project after already making deposits and upfront costs, a change of heart insurance can cover those expenses.
Famous cases of change of heart insurance being used are relatively rare, as the insurance is not widely known or purchased. However, some notable examples include a man who purchased a change of heart insurance for a $50,000 engagement ring. When his fiancé broke off the engagement, he was able to recoup the cost of the ring. Another example was a couple who purchased change of heart insurance for their wedding, which was called off due to a family emergency. The couple was reimbursed for their deposits and upfront costs.
Overall, change of heart insurance provides financial protection for individuals who may change their minds regarding major financial decisions. While it may not be a widely known or purchased insurance policy, it can provide peace of mind for those who want to protect their financial investments.
17. Insurance Against Death By Laughter
Insurance against death by laughter is a type of insurance that provides financial protection in the event of a fatal outcome caused by excessive laughter. This type of insurance is not widely available and is considered to be an unusual insurance policy.
The coverage provided by insurance against death by laughter typically includes medical expenses incurred as a result of the excessive laughter leading to death, as well as a death benefit paid to the policyholder’s beneficiary. The coverage amount is typically based on the policyholder’s age, health, and occupation.
The reasons for purchasing insurance against death by laughter are largely unknown, as the insurance is not commonly purchased. It may appeal to individuals who have a pre-existing medical condition that could cause them to experience a fatal outcome from excessive laughter. Additionally, individuals who engage in comedy or performance art may purchase this type of insurance as a way to protect their families from financial hardship in the event of their untimely death.
Famous cases of individuals who have purchased insurance against death by laughter are few and far between. One notable example is British comedian Tommy Cooper, who suffered a heart attack and died on stage during a live television broadcast in 1984. While Cooper did not have insurance against death by laughter, his death brought attention to the insurance policy.
In conclusion, insurance against death by laughter is an unusual type of insurance that provides financial protection in the event of a fatal outcome caused by excessive laughter.
18. Multiple Birth Insurance
Multiple Birth Insurance is a type of insurance policy that is designed to provide financial protection to parents who give birth to twins, triplets, or more. The policy covers the additional expenses that are associated with having multiple births, such as higher medical bills, daycare costs, and other related expenses.
This type of insurance can help parents cover the costs of things like special formulas, larger vehicles, and larger homes, as well as expenses that may arise due to any complications that may arise during pregnancy or delivery.
Multiple Birth Insurance is often purchased by parents who want to protect themselves from unexpected expenses that may arise from having multiple births. These expenses can quickly add up and cause significant financial strain on a family. For example, the cost of diapers, formula, and other baby supplies can be much higher when there are multiple babies to care for. Additionally, if one or more of the babies have medical issues or developmental delays, the policy can help cover the extra expenses associated with their care.
There are no famous cases of Multiple Birth Insurance claims, but it is a popular insurance policy for families who are expecting twins, triplets, or more. Many insurance companies offer Multiple Birth Insurance policies, and they are becoming more popular as the number of multiple births continues to rise.
19. Athlete Loss Of Value Insurance
Athlete Loss of Value Insurance is a type of insurance policy that provides financial protection to professional athletes in the event that they suffer an injury or illness that causes them to lose value as a player. This type of insurance can be purchased by athletes, their agents, or teams and typically covers a percentage of an athlete’s guaranteed contract value in the event of a loss of value due to an injury or illness.
Athletes and teams purchase Loss of Value Insurance policies to protect themselves from the financial losses that can occur if an athlete suffers a serious injury or illness that prevents them from performing at the level expected of them. If an athlete suffers a significant injury or illness, their value as a player can decrease significantly, and they may no longer be able to command the same salary or endorsement deals that they once could. Loss of Value Insurance can help cover some of the financial losses that an athlete or team may incur due to a decrease in an athlete’s value as a result of an injury or illness.
There have been several famous cases of athletes filing claims under their Loss of Value Insurance policies. For example, in 2014, Marcus Lattimore, a running back for the San Francisco 49ers, filed a claim under his Loss of Value Insurance policy after suffering a serious knee injury in college that caused him to fall in the NFL draft and resulted in a lower contract value than he may have otherwise received. Similarly, in 2019, Zion Williamson, a top draft pick in the NBA, purchased a Loss of Value Insurance policy before the draft to protect himself against potential financial losses in the event that he suffered a serious injury early in his career.
20. Concealed Carry Insurance
Concealed Carry Insurance is a type of insurance policy that provides legal and financial protection to gun owners who carry concealed weapons in public. This type of insurance can cover a range of legal expenses, including criminal defence costs, civil lawsuit fees, and damages awarded in the event that the gun owner is found to be at fault for injury or property damage caused by their firearm.
Gun owners may choose to purchase Concealed Carry Insurance to protect themselves from the legal and financial consequences that can arise if they are forced to use their firearm in self-defence. Even if a gun owner is acting in self-defence, they may still face criminal charges or civil lawsuits, and the legal costs associated with defending themselves can be significant. Concealed Carry Insurance can provide peace of mind to gun owners, knowing that they have some protection against these potential legal and financial risks.
There have been several high-profile cases in which gun owners who were involved in shootings claimed self-defence and were later sued by the victims or their families. In some of these cases, the gun owners had purchased Concealed Carry Insurance, which helped to cover the legal expenses associated with defending themselves in court. One example is the case of George Zimmerman, who was acquitted of murder charges in the shooting of Trayvon Martin in 2012. Zimmerman had purchased Concealed Carry Insurance, which helped to cover the costs of his legal defence.
Insurance is an essential aspect of our lives, providing financial protection for a wide range of unexpected events. While most of us are familiar with common types of insurance such as health, auto, and home insurance, there are also some more obscure and unusual types of insurance that many people may not be aware of. From alien abduction insurance to vampire insurance, these policies may seem strange, but they offer a sense of security and peace of mind to those who believe in the risks they cover. While some of these types of insurance may not be practical or necessary for everyone, they are a testament to the creative and varied ways in which people seek to protect themselves and their assets. Ultimately, the world of insurance is vast and ever-evolving, and it is worth exploring the various options available to find the coverage that best fits your needs and concerns. No doubt, one may find these 20 weird types of Insurance you didn’t even know existed crazy but it is what it is.