Four Unconventional Insurance Policies

We thought these “weird insurance policies” brought to us by Investopedia.com very interesting.   Gives new meaning to the phrase, “this market has (Mariah’s) legs!’

Troy Polamalu’s Hair
Troy Aumua Polamalu was drafted by the Pittsburgh Steelers in the first round of the 2003 NFL Draft. A strong safety, Polamalu is known for his hard-hitting style on the field, which helped him earn the 2010 NFL Defensive Player of the Year Award. In addition to his athletic prowess, Polamalu is readily recognized on the field by his luxuriant hair which cascades down his back.

After Procter & Gamble signed on Polamalu in 2010 to endorse its Head & Shoulders shampoo, the company took out a one million dollar insurance policy with Lloyd’s to protect against hair loss. The policy, which will pay out if Polamalu sustains losses to more than 60% of his hair in an accident, specifies that the football player cannot engage in fire breathing or climb Mount Everest.

America Ferrera’s Smile
Ugly Bettystar, America Ferrera’s smile was insured in 2007 for $10 million at Lloyd’s. Aquafresh, makers of Aquafresh White Trays, an at-home teeth whitening product, paid to insure the actress’s smile as Ferrera began working with the company to promote the United States charity, Smiles for Success. The organization provides free dental care to women who are making a transition from public assistance to the workforce.

Mariah Carey’s Legs
American R&B/pop singer-songwriter, Mariah Carey is best known for her five-octave range and melismatic singing style. She is one of the biggest-selling artists in musical history, having sold more than 200 million albums, singles and videos worldwide. Carey is also known for her great legs. In 2006, women’s razor brand, Gillette Venus named Carey the first “Celebrity Legs of a Goddess” as part of a nationwide promotion. Following this designation, Gillette reportedly insured Carey’s legs for $1 billion.

David Beckham’s Legs
In 2006, soccer great David Beckham’s legs were insured for £100 million (equal to about $195 million at the time). The policy was considered to be the largest personal insurance policy for a sports figure in history, and due to its size, was reportedly was taken out by several companies. The policy protected not only Beckham’s legs, feet and toes, but also his good looks. Beckham, after all, earned his keep not just by being an iconic soccer hero, but also through various commercial deals. The policy would reportedly pay in the event Beckham was unable to play soccer or in the event of disfigurement.

(click here if pictures are not observable)

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One Response to Four Unconventional Insurance Policies

  1. Rick Charles says:

    2. Yes it is really unconventional insurance policies. In my case I am a common person & looking for insurance policy for myself. I searched & got to know about SCS Insurance Anthony Charles will be the best choice for me. Do you have any thought about them?

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