Insurance Needs You Didn't Know You Had
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October 22, 2008
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)You probably have an insurance policy for your car or home, but are you covered in case of nuclear attack? Does your life insurance policy cover space travel? In this day and age, strange times call for strange insurance policies.
Space Tourism Insurance
People willing to shell out $20 million for a trip into outer space are propelling a new phenomenon known as space tourism. As you may have guessed, leaving the planet is considered a dangerous activity, and insurance companies are reluctant to extend coverage to space travelers. But if you can afford to plunk down the money for a trip into space, you can probably afford the hefty insurance premium that comes with it.
Bottom line: If you're planning on leaving Earth, check with your insurance agent first.
Nuclear Attack Insurance
Bad news: Home insurance provides no coverage for nuclear radiation or contamination claims. Therefore, if your home is destroyed by a nuclear attack, you're on your own to rebuild. On the bright side, though, if your home is nuked--and you somehow escape the blast--your home insurance policy will probably be the least of your worries.
Wedding Insurance and Special Event Insurance
We've already explored the wonders of wedding insurance in a previous post, but remember: if you're planning on getting hitched, do it with protection.
According to the Insurance Information Institute, wedding and special event insurance "can be used to cover a 50th anniversary party, a bar mitzvah, a graduation party or any special occasion you might be planning." It provides coverage for natural disasters, damaged gowns or tuxedos, stolen gifts, unforeseen honeymoon difficulties (insert joke here), or counseling costs to remedy severe emotional stress due to an unexpected wedding cancellation (save for change of heart, which isn't covered). Prices range from $125 into the thousands depending on the amount of coverage desired.
Wedding insurance can't stop your spouse from ditching you at the altar--in which case you're on your own--but at least you're covered if a hurricane or other natural disaster wipes out your wedding locale.
Pet Insurance
Believe it or not, pet insurance has been a reality in Europe for decades--and it's becoming big business in North America. Despite the fact that an estimated 46 million Americans (human Americans, that is) don't have a proper health insurance policy, hundreds of thousands of pets are covered with pet insurance. Pet owners in North America spend an estimated $10 billion annually on pet healthcare expenses.
Who knew pets could have preexisting conditions?
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Quite an informative post on insurance.We all need Insurance policies these days.One does not know when mishaps happen in our lives.At least having an Insurance help us to combat any unexpected events. But you can always take the constructive actions to protect the lives as well as the financial belongings against the damage and harms caused by these perils.