7 unconventional things that can be covered by insurance

Updated: Nov 12, 2019

By Elana Ashanti Jefferson


It’s common knowledge that insurance is necessary to safeguard such big-ticket purchases as cars and homes.


But accidents and unexpected damage can happen anywhere, anytime, and the circumstances sometimes fall outside the realm of traditional insurance policies.


Leave it to insurance carriers and risk managers to recognize the potential expense of unusual and uncommon mishaps. The list below highlights some of these wacky losses and the types of insurance coverage available to safeguard against them.


No. 7: Lost Car Keys


Today's technology-packed vehicles sometimes come with pricey keys and fobs. Consider that a bespoke Ferrari key can cost thousands of dollars. Some comprehensive auto Insurance policies will reimburse insureds who lose their keys- as long as the loss is more than their deductible.



No. 6: Parties


Anyone hosting an elaborate soiree away from home - and this includes weddings and bar/bat mitzvahs - may require liability insurance not just to cover the cost of the affair in the event of a costly mishap, but also to shield against financial blowback should an attendee become injured, most especially as the result of drinking too much during the course of the celebration.



No. 5: Fantasy Football


Millions of Americans play fantasy Football, a sports betting game that hinges on the health and performance of live athletes. Players invest roughly $500 Annually. To protect their investment, fantasy team owners can reportedly insure players for up to $1000.



No. 4: Asteroids, meteors and falling satellites


It may sound like something out of a science fiction film, but any of these extraterrestrial objects can cause serious damage should they fall from the sky, which is why this is a covered loss in many homes, auto, and life insurance policies.




No. 3: Kidnapping


The world can be a dangerous place. According to the insurance information institute, kidnapping and ransom are a common way for crooks to make money. Businesses with traveling executives often purchase kidnap and ransom (K&R) insurance, which covers: Employees being seized and held captive until a ransom is paid, extortion, illegal detention, and hijacking.



No. 2: Damaged body parts


Any part of an individual's anatomy may be insurable when its performance is linked to income, such as the surgeon's hands or a dancer's physique. A death and dismemberment policy generally covers these specific body parts in the event of an accident. According to CNBC, model Heidi Klum's legs are insured for $2 Million, and actress America Ferrera's smile is insured for $10 Million.



No. 1: Alien Abduction


UFO Insurance covers an insured in the event he or she can provide verification of abduction by non-human life forms. According to the experts with FC&S Insurance Coverage Interpretation. "In 1994, a company known as UFO Abduction Insurance Company insured 35,000 Americans against being kidnapped and eaten by aliens. This company (now) sells a $10 Million policy, which is carried by more than 100,000 insureds."





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Original article posted here:


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The Huttenlocher Group

1007 W Huron St, Waterford , MI  48328

(248) 681-2100

1007 W Huron St, Waterford Twp, MI 48328

(248) 681-2100

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