Agency by the Mall

Nowadays, it’s more a matter of what you can’t insure than what you can. You can buy insurance for just about anything! There are the usual suspects–auto insurance, homeowners insurance, business insurance, renters insurance–but there are some wacky policies out there too. Here are a few policies you may never need or want, but may give you a good laugh.

1. Zombie Apocalypse Insurance

Did you think “The Walking Dead” was a documentary? Hopefully not, but just in case, there is insurance offering protection in the event of a zombie apocalypse. If you’re interested, you can head over to My Zombie Insurance and purchase a complete plan for just $9.99.

2. Fantasy Football Insurance

When the Patriots’ Tom Brady experienced a season-ending knee injury in the opening game of the 2008 NFL season, a light bulb went off for two insurance agents. Anthony Giaccone and Henry Olszewski created Fantasy Sports Insurance (FSI) soon afterwards to give owners peace of mind in the event of player injury or suspension. Team owners can insure their players for $100 to $1000 with FSI. The lowest plan covers one key player who misses nine out of the first 16 NFL regular season games due to injury.

3. “Hole in One”  Insurance

According to a study by Golf Digest, The odds of an average golfer making a hole in one are 12,000 to 1. Still, sponsors are still not comfortable with those odds since the prize is usually a new car or stacks of cash. If a company ends up having to pay the prize, they may find themselves in a hole, too. Instead, they often take out insurance policies to protect against the chance that someone makes the shot.

4. Big Day Insurance

Newlyweds and their families spent an average of $28,427 on weddings and related events in 2012, according to statistics released by The Knot. Wedsure, the “Wedding Insurance Expert,” offers policies that cover financial loss ranging from a missing caterer to a change of heart. However, don’t expect a payout if you get left at the altar–that’s only for people who paid for the wedding.

5. Multiple Birth Insurance

From 1980 to 2009, the brith rate for twins in the US rose 76 percent, from almost 1.9% to about 3.3% of all births, according to the Centers for Disease Control. Lloyd’s of London, famous for having some of the oddest insurance policies, allows you to take out a policy against this surprise. If you are expecting a baby girl and have twins, triplets, or more, this policy will cover some of the extra expenses that come with raising multiple children.

6. David Beckham’s Bod

According to a study from FIFA, there are four injuries per one training hour and a team of 25 players can expect 50 injuries per season. It’s no wonder David Beckham took out a $151 million injury policy during his soccer career…on his entire body!

What do all of these policies have in common? They’re all based on statistics and probability. Each one provides protection in the event something happens and the companies that write them base their pricing  based upon the likelihood the purchaser will make a claim. Reliable insurance companies like the ones Agency by the Mall uses look at years of data to develop pricing for their insurance products…zombie apocalypse insurance is a little more subjective.