"Your range of available choices – right now – is limitless." – Frederick Carl Frieseke

This quote is also applicable in insurance. If you can think of a risk, you can possibly insure it. Insurance refers to any coverage an individual can purchase for a relatively small amount, which can protect a person from a likely massive financial loss. People can insure anything: houses, cars, health, and lives.

Then, they can also secure unusual items or occurrences like the danger of paranormal encounters, or their beautiful legs or face. The following are some of the bizarre insurance policies being sold around the world.

Alien Abduction Policies

Believe it or not, a person can obtain an alien abduction insurance policy for this type of risk. Even if Marvin the Martian abducts you and you will never be able to return to Earth, your beneficiary will receive a substantial payout. However, the family needs to prove an extraterrestrial kidnaps you, which is a difficult task.

London-based insurance firm Goodfellow Rebecca Ingram Pearson (GRIP) offers this coverage and has sold a total of 30,000 policies. The firm once sold a $1,000 group alien abduction policy to the Heaven’s Gate cult in October 1996 prior to its mass suicide. Following the religious group’s mass suicide in 1997, the company took a break from selling these policies. But the coverage became available again.

If you are much concerned with aliens, but worried of other supernatural phenomena, GRIP also has insurance if you are injured by an asteroid or ghost, or transformed into a werewolf. Just in case you find out the father of your child is the Heavenly Father, you can acquire the Immaculate Conception coverage.

Body Part Coverage

Some celebrities purchased certain hefty insurance policies on various high-value body parts. The following are some well-known personalities with unusual celebrity policies:

  • Bruce Springsteen - This American singer and songwriter bought an insurance policy for his signature gravelly singing voice for $6 million.
  • Merv Hughes - This popular Australian cricket player insured his bushy mustache for $370,000.
  • Heidi Klum - This German-American model, television host, and actress confirmed her legs were insured for $2.2 million. The right leg is worth $1.2 million, while the left leg is $1 due to a scar on her left knee.
  • Mariah Carey - This American singer and songwriter also had her legs insured for a whooping $1 billion, following she agreed to represent Gillette’s "Legs of a Goddess" campaign.

Judge Insurance

Yes, there is such thing as judge insurance. If you are in a high-stakes trial, you can insure your judge. One of the parties in an expensive civil lawsuit acquired a policy to secure the judge in 1980s. Since both sides had spent substantial amount of money on the case, they did not want to experience losing all the money they had invested in case something happened to the judge.

Kidnapping Coverage

Kidnappers or extortionist normally target people who belong to a wealthy or well-known family. But worry no more, several insurance firms have Kidnap and Ransom insurance or K&R. Such policies are not only popular with rich families. Many professionals and companies, as well as those who operate in kidnapping hotspots worldwide, also acquire this coverage. Insurance companies, although they do not pay for the ransom, reimburse the family or firm following they pay the abductors.

Wedding Insurance

Since time immemorial, weddings have been very costly. But its price has soared to record level in recent years. In the United States, the average cost of a wedding is $27,000. It excludes the cost of honeymoon.

Many families are forced to cancel or postpone the celebration in the eleventh hour upon spending too much money for a wedding. There are various reasons for a last-minute wedding cancellation, including one of the couples get down with some cold feet or sudden death in the family.

This is where wedding insurance comes in. Not only can couples obtain coverage for the wedding itself, but it can also include damage to the bride’s gown, wedding photos, stolen or broken wedding gifts, and property damage at the reception site.