| Although most people are familiar with regular | | | | Whether you are a sales company with a great |
| types of insurance like life insurance and home | | | | salesman or a club owner with a great singer, |
| insurance, there is an increasing demand for more | | | | then you could lose earnings should anything |
| unusual types of insurance. Basically, anything that | | | | happen to your star employee. Taking out a |
| you might feel is a risk can be insured against. | | | | policy to cover you against a drop in earnings |
| Here are some examples of insurance types that | | | | might be a good idea. |
| you might not have considered before: | | | | Body part insurance |
| Reasons for an increase in unusual policies | | | | Some of the most unusual insurance policies that |
| Unusual insurance policies are becoming more | | | | are in demand are for the insurance of particular |
| common for a number of reasons. Firstly, people | | | | body parts. With celebrities like David Beckham |
| are more informed about what they are at risk | | | | and Jennifer Lopez insuring their prize assets, |
| from, and so want to protect themselves | | | | other professions are following suit. Many chefs, |
| accordingly. Secondly, the increase in lawsuit | | | | athletes and musicians are getting their hands or |
| culture has increased the need for types of | | | | feet insured in case they are damaged. Although |
| insurance. People are being sued for more and | | | | this might seem a little vain, it can in fact be very |
| more reasons, and so the level of cover they | | | | sensible. If using your hands for playing an |
| need is increasing both in value and in scope. Also, | | | | instrument is how you make your living and you |
| the rise in unusual insurance policies amongst the | | | | severely injure yourself, then you might need |
| rich and famous is leading everyday people to | | | | significant compensation to stop yourself getting |
| follow suit. | | | | into financial difficulty. |
| Pet insurance | | | | Antique insurance |
| One type of insurance that has moved from | | | | Perhaps the most frequently used unusual |
| unusual to fairly common is pet insurance. Many | | | | insurance policy is the insurance of specific art |
| people love their animals as if they were a | | | | pieces or antiques. Regular contents insurance is |
| member of their family, and with vets bills being | | | | unlikely to cover you for such items, and you |
| so high it does make sense to insure your pet. | | | | may be better taking out a specific policy that |
| Pet insurance usually covers vet bills as well as | | | | covers against more regular loss or theft. If |
| liability and compensation should the animal die. | | | | something is irreplaceable and gets damaged you |
| There are now dozens of dedicated pet insurers | | | | will want a policy that will cover you for the |
| to choose from, with cover for dogs starting | | | | costly restoration of that item. Whatever type of |
| from around 5 per month. | | | | unusual insurance you get, remember to ask |
| Star employee insurance | | | | yourself if you really need it, and to shop around |
| A number of companies are beginning to see the | | | | to get the best deal. Although these policies are |
| importance of their top employees, and are taking | | | | not advertised, many insurers might be able to |
| policies out to cover them against loss should | | | | help you with your specific requirements. |
| anything happen to these key members of staff. | | | | Peter Kenny is a writer for creditcards-gb.co.uk. |