We all know that risk is unpredictable and sometimes unavoidable. After all, that’s why insurance exists! Some risks can be predictable, like fire damage, car accidents, and hurricane damage. However, there are other types of risks that are considered unique. Here are 5 insurance policies that actually exist and are a little bit absurd.

Body Part Insurance

Yep, this is a real thing. Did you know Julia Roberts insured her smile for $30 million? And she’s not the only one! For many athletes and celebrities, their body parts are essential to their careers. Like anything valuable, insurance is a must. Rock legend Gene Simmons insured his iconic tongue for $1 million. Bruce Springsteen insured his voice for $6 million. The list goes on and on.

Alien Abduction Insurance

Are you worried about a close encounter with extraterrestrials? Well, there’s insurance for that too. A London-based insurance company has sold over 30,000 alien abduction insurance policies throughout Europe. Of course, you’ll need to provide proof of the occurrence to file a claim.

Ransom Reimbursement Insurance

You might be worried your family won’t be able to cough up a huge amount of ransom money if you get kidnapped. Good thing there’s such a thing as ransom reimbursement insurance. A policy like this covers ransom payment, loss of income, medical care, travel, rehabilitation costs, and other expenses. Now you can get kidnapped with some peace of mind!

Multiple Birth Insurance

While the concept of “Buy One Get One Free” is a great deal at the grocery store, it’s a little more intimidating when it applies to pregnancy. Let’s say you and your loved one are expecting. You have the crib and the clothes picked out–but then to your surprise, the doctor says you’re having twins. 

Despite advances in ultrasound technology making this type of insurance mostly obsolete, parents will still take out multiple birth insurance policies in the event that you’re expecting one too many bundles of joy. These types of policies usually require you to purchase at the time of pregnancy. If twins run in the family but you get quadruplets, you might end up getting a payout.

Wedding Insurance

We also like to call this one “cold feet insurance”. If you think your partner might change his/her mind at the altar resulting in a wedding cancellation, this might be worth looking into before your big day. With the cost of an average wedding at $25,000, you’re left with quite the bill and lots of leftover cake. Wedding insurance protects you from the costs of a canceled wedding or a noncommital fiancé.

Wedding insurance also protects you from losses associated with bad weather, illness, and more.

If you have something unusual to insure, give us a call because we’re all ears!