10 Curious Insurance Facts
Publish date 16 July 2015
- There’s an insurance policy that covers the loss of chest hair, if it affects the image of a public figure. According to the policy terms, the insurer pays compensation if there is an 85% loss of chest hair. The damage must be assessed by qualified specialists.
- One of the strangest insurance policies in the Netherlands covers a human nose—insured for 5 million euros. The owner is a renowned winemaker who insists that his wines be distinguished by their aroma.
- In some countries, if you drive a Honda Fit EV, you can get bonus coverage added to your comprehensive auto insurance (Casco).
- In the past, it was common to insure silkworms, cocoons, tobacco, eggs, and haystacks stored outdoors, along with general farming equipment.
- Another unusual type of insurance is called “Love Insurance”, which covers the expenses related to a recently ended relationship. Although the exact conditions for compensation are unclear, it’s known to cover small gifts, movie tickets, restaurant bills, and flowers. Such a policy would likely be popular in Bulgaria.
- Leonardo da Vinci’s masterpiece, the “Mona Lisa”, housed in the Louvre in Paris, is considered priceless and therefore cannot be insured—ironically.
- One more peculiar insurance type, popular in various countries, is called “Wedding Insurance.” It protects against incidents or circumstances that prevent a marriage from taking place or lead to a failed wedding ceremony. Covered causes include natural disasters or even a runaway bride or groom.
- Insurers have found that married drivers are involved in more road accidents than their single counterparts.
- In the UK, the head taster of Costa Coffee, a globally recognized and profitable company (also present in Bulgaria), has insured his tongue for £10 million against accidents.
- It is believed that drivers with clean records—no tickets, fines, or violations—tend to live longer. Research and statistics suggest that a driver’s record can be an indicator of their life expectancy, even if death occurs under unrelated circumstances.
