You know how valuable auto insurance is for your car. You probably carry homeowner's insurance on your abode. You may even have insurance on yourself if you die unexpectedly. However, beyond the typical insurance products that everyday consumers use, there are other insurance products you've probably never heard about at all. The truth is, with the right company and enough money, you can get insurance on just about anything. You may be able to insure certain things you never considered. Here is a look at some of the oddest insurance products that you may need.
Protect your body parts with body part insurance.
Did you know that you can get insurance that covers things like your fingers, hair, or even your voice? In the event something happens to an insured body part of yours, the insurer would pay you a hefty sum of money. There have been multiple celebrities that insured something on their body, including Bruce Springsteen who insured his voice and Dolly Parton who insured her breasts. David Beckham even insured his legs for a whopping $35 million in the event his legs are injured or disfigured in some form or fashion.
Protect your investment in an expensive wedding with canceled-wedding insurance.
Imagine being the parent of a bride or groom, investing thousands of dollars in wedding gear, a venue, and caterers, and then finding out that the bride or groom has had a change of heart and will not be getting married. To protect your investment in the wedding, you could obtain canceled-wedding insurance, which is sometimes referred to as change-of-heart insurance. This insurance product steps in and reimburses you if a wedding you have invested your hard-earned money in gets canceled. There are usually only specific companies that offer this type of insurance, but it sure would be a saving grace if you've paid for a wedding that never comes to fruition.
Protect your business from the loss of a key employee with essential employee insurance.
Say you own a business and you employ several people, but there is one particular person in the group that is a huge value to your business. You can take out a key employee insurance policy on that one particular employee. If something happens and they leave the company, die, or otherwise can no longer work for you, you would get a payment to help cover the expense of losing that individual.