Insurance is a necessary part of just about everyone’s life. For example, auto policies are a requirement to operate a vehicle, and other types of insurance offer convenience and protection for individuals and businesses alike.
You’re probably familiar with many of the most common types of policies. However, you may not have heard of ketchup insurance. This and other unique types of coverage are available for those who may require more types of policies. Why would you need ketchup insurance? With all the social media posts of people having mishaps due to their zeal for this popular condiment, Heinz decided to launch ketchup coverage as a way to protect its valued customers.
Become an insurance thought leader by learning about ketchup coverage and other weird insurance types below.
From Quirky to Questionable: The Concept of Weird Insurance Types
Quirky coverage for things like alien abduction and ghosts may seem strange to some, but others see the need for these odd types of insurance. Ketchup coverage is just the latest insurance industry trend hitting the market. Whenever there is a need for a product, the industry rises to the occasion. People have different concerns and worries, and insurance provides a layer of comfort and protection. If your concerns come true and you are out financially due to some type of damage, a policy steps in to give you relief.
Weird insurance is only weird until you have a use for it. Then you’ll be glad you purchased that odd policy coverage.
#1 Ketchup Insurance: A Saucy Solution to a Common Problem
Heinz recently launched their campaign for 57 ketchup-related mishaps. From the splatters to the spills, this policy has ketchup lovers covered. People who love and consume ketchup can attest to the fact that accidents will happen. In fact, social media is filled with many such stories of people getting carried away with their “ketchup fest” and suffering the consequences of stained clothing or carpeting.
Now, with ketchup insurance, people can submit their claims to Heinz and be reimbursed for their “damages.” Could this be an example of modern marketing leveraged to connect customers to a brand? Perhaps. But it’s certainly a fun way to do just that.
#2 Paranormal Protection: Insurance Against the Supernatural
When paranormal activity strikes, it could lead to dangerous situations. Having paranormal or ghost insurance can provide financial protection against any spooky happenings that might occur. A paranormal policy kicks in when you deal with an eerie happening that can’t be explained by anything other than the supernatural.
Other areas of coverage include liability in the event a guest gets harmed by paranormal activity or compensation if supernatural occurrences interrupt business operations. Business owners who suspect their establishment may have paranormal activity may consider this a good investment.
#3 Alien Abduction Insurance: Out of This World Coverage
Are you worried about other-worldly encounters that could prove harmful to you or a loved one? Even if you don’t have concerns about aliens and UFOs invading Earth, some people have this genuine fear. If you fall into the concerned camp, have no fear, alien abduction coverage is here. This coverage will come in handy in the event that aliens actually do come to your neighborhood seeking to abduct some locals. In order to be reimbursed, you will need to provide proof that you or a loved one were impacted by the abduction.
Some online entities have parody alien abduction insurance. So, if this coverage speaks to you, it’s important to make sure you find a company that offers the real deal.
#4 Body Part Insurance: A Valuable Asset for Celebrities
Weird insurance policies aren’t just for your average Joe; celebrities also need special policies in certain circumstances. Since many celebrities rely on a certain part of their body for fame, they purchase body part insurance. For example, if Keith Richards lost his middle finger in an accident, he wouldn’t be able to play the guitar. So, he has a policy for $1.6 million on that particular digit.
Famous food critics have their taste buds ensured, and some beloved celebrities have their teeth, chest, or butt insured. If a celebrity feels that losing any body part would reduce or eliminate their income, they may choose to have that part insured. Celebrity careers are often built on some part of their appearance or body part, making this essential coverage for them.
#5 Cold Feet Insurance: Wedding Jitters With a Financial Cushion
According to online reports, the average cost of a wedding was $33,000 in 2024. This may seem well worth it for the happy couple. However, if either the bride or groom gets cold feet and panics before the wedding, a sizable chunk of money can be gone.
A “cold feet” or “change of heart” policy steps in to help cover some financial costs if either party calls off the wedding at the last minute. However, there is one catch to this insurance. The bride and groom can’t recover costs. Only the financier of the wedding may collect. For example, the bride’s parents or grandparents can collect on the money they spent on the wedding.
#6 Taste Bud Insurance: A Safety Net for Culinary Professionals
Some individuals, such as chefs or food tasters, make their living off their taste buds. If something were to happen that destroyed their ability to taste, they might be put out of work. This unusual coverage protects individuals whose livelihood counts on them having superior taste buds.
For example, John Harrison is insured for $1 million by Dreyer’s Ice Cream. His main role is to taste ice cream to ensure quality. Consequently, his taste buds are an important asset to the company.
#7 Fantasy Football Insurance: For the Serious Sports Enthusiast
Last year, more than 12 million people participated in fantasy football. This was a new high for the sport. When you add fantasy baseball, basketball, and hockey to the list, you have millions more people playing.
People end up spending significant amounts of cash playing this sport. When you purchase a fantasy sports policy, you can obtain coverage in case something unexpected and terrible occurs that affects your financial investment. For instance, if an athlete has a real-life injury, you may be able to recover any losses that your fantasy team suffers.
If you love fantasy sports as much (or more) than the real thing but are worried your favorite athlete may go down due to an injury, this type of plan may be right for you.
#8 Multiple Birth Insurance: When Life Gives You Twins (or More!)
Of course, expectant mothers must have medical coverage, but what about multiple birth coverage? This coverage provides added help for expenses if you end up with twins, triplets, or more. Since the cost of raising one baby is substantial, having more than one can increase that amount in a hurry. For example, your diaper expenses immediately double when you have twins. Just imagine all the other expenses that go up substantially when you multiply the number of babies.
#9 Falling Satellite Insurance: Preparing for Space Debris Disasters
With the multitude of satellites being launched into space regularly, it’s no wonder that some people worry about these falling to the earth. If a satellite falls to the ground, there is always the chance that it could hit someone or damage property. Business owners might be particularly concerned about protecting their property from falling debris and consequent damage.
Falling satellite insurance is designed to protect businesses and individual homeowners from property damage, bodily injuries, and liability. The liability coverage is specifically for businesses, such as when a customer or vendor visiting their property gets injured due to falling satellite debris.
Property owners can usually add falling object coverage to their existing homeowners policy. This part of the policy would include satellites.
#10 Lottery Insurance: When Luck Needs a Backup Plan
If you’re thinking lottery insurance covers you when you lose the lottery, then you have it backward. Instead, it is for business owners who lose employees due to a lottery win. Imagine a business owner finds out several employees entered a lottery pool and hit the big jackpot. Instead of enjoying their winnings and coming to work the next day, they resign instead.
The small business owner will see an immediate decrease in productivity. On top of that, the owner will need to take steps to hire new employees. This involves listing the job, reviewing resumes, interviewing candidates, and onboarding the new workers. Significant money and time go into finding new hires at a moment’s notice. Lottery insurance covers the expenses the business owner incurs during this lengthy process.
Insure With the Best
Now that you know more about weird policy types, meet the personal lines brand that excels at these and other policies. Confie provides top-quality services for all insurance needs and stays on top of the trending insurance news and topics. We have a strong record of finding competitive insurance rates. Contact us for more details about our brand. You can also reach us by phone at (714) 252-2500. One of our lead experts is available now to answer your questions.
