Wednesday 31 August 2011

Weird insurance policies

Individuals often carry several different types of insurances policies including automobile, health, life and homeowners. Businesses purchase insurance as well, such as commercial auto, liability, property and workers compensation policies. All of these policies are standard fare within the insurance industry. Every now and then, however, certain policies are written that draw attention since they are so unusual.

Cross-eyed comedian and actor, Ben Turpin (1869-1940), known for his work in silent films, was the first celebrity to insure a body part: he purchased a $25,000 policy with Lloyd's of London that would pay if his eyes ever uncrossed. Since then many celebrities and the companies they endorse have gained attention for the weird insurance policies they have to protect their most famous and important assets.

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.

(excerpt from San Francisco Chronicle)



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