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The Oddest Insured Things

Worldwide insurance premiums for body part insurance totals from $1 million to $2 million a year, according to Jonathan Thomas, accident and health underwriter at...
September 20, 2011

Worldwide insurance premiums for body part insurance totals from $1 million to $2 million a year, according to Jonathan Thomas, accident and health underwriter at Watkins Syndicate at Lloyd's of London. But Robert Hartwig, president of the Insurance Information Institute, says expanding the market to include all one-off insured entities such as works of art, sporting events and the production of movies would raise the amount premiums to billions of dollars. This article highlights 13 unusual items that are insured, from Bruce Springsteen's voice, which is insured for $5.7 million with Lloyd's of London; to a lock of Abraham Lincoln's hair, insured for $35,000 with Fireman's Fund; to alien abduction coverage, offered by the Saint Lawrence Agency for $10 million (premiums cost $1 a year for 10 million years).

Read more on the weird things insured: Oddest Insured Things: Body Parts and Aliens (Bloomberg 9/13/2011)