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