In our daily lives, insurance plays a crucial role. We depend on it to shield us from financial loss in the event of an accident or other unforeseen circumstance. However, the following list of 5 fascinating insurance facts deviates from the accepted notion that insurance is always about serious facts and figures. Check out these interesting and funny insurance facts.
We ensure that all our valuable goods and assets are protected with insurance coverage. You may insure your jewelry, fine art, antiques, and collectibles to protect yourself financially against loss or damage. While we all know that our smile is our prized asset, we don’t think about insuring it, but popular American T.V actress America Ferrera has had her smile, along with her trademark teeth and gums, insured, by her sponsor Aquafresh, for a whopping $10,000,000!
A variety of medical costs, including anything from doctor visits to hospital stays, may be covered by health insurance. Your insurance may even cover recommended drugs and physical treatment, depending on the kind of coverage you have.
One interesting fact related to medical insurance is that Martial Arts global icon Jackie Chan personally pays the medical bills of his stuntmen instead of buying insurance. Due to the high-level risks involved, his insurers demand that he and his men follow certain safety and insurance rules while filming a stunt, but he finds the entire process rather cumbersome and prefers paying the amount from his own pocket!
It is a known fact that some insurance plans cover the costs incurred at a deceased loved one's funeral and other death-related costs. However, how many of you know that there is an insurance policy that covers expenses if your death is caused by “death by excessive laughter at a movie theater”? Supposedly, there was this fear among movie-goers during the early 19th century that they would die by laughing too much while watching a movie, so they bought this rather unusual insurance coverage from Lloyd’s of London.
Insurance that covers losses from theft, fire, or other damage may be available to business owners. Depending on the policy, it may cover the cost of misplaced stock, machinery, or other related losses. The perils listed above are common, mundane risk factors that we all face at some juncture but have you heard of losses due to your abduction by aliens? There is an alien abduction insurance or UFO insurance that has been available in the U.S. since 1987.
If you can prove being abducted by non-human life forms, you can file a claim with UFO Abduction Insurance Company in Altamont Springs, Florida. More than 100,000 policies have actually been sold, and some claims settled.
Certain insurance plans help to pay for travel cancellation expenses. You must ask your insurance provider to recompense your travel expenses, especially if an unforeseen occurrence prevents you from going on a vacation to Loch Ness in the Scottish Highlands to capture the mythical Loch Ness monster. If your travel had gone smoothly, you could have won one million pounds ($2.4 million) as part of the award offered by whiskey manufacturer Cutty Sark, who in 1971 asked Lloyd’s of London to underwrite this offer.
For more quirky insurance facts and also information on different types of insurance coverages and how they can keep you and your assets safe, contact our team at Humble Insurance Group today. We can also resolve all your questions and issues related to your insurance policy.
