Insuring Your Body Parts

By Author: Stuart Broad
Total Articles: 21
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If you have not already heard, a lot of celebrities are insuring their body parts which they claim are part of their brand. It has become almost the thing of legends, when stars like Dolly Parton, Gene Simmons, Jennifer Lopez and Michael Flatley take out insurance policies on their breasts, legs and bums. These celebrities can afford to pay the astronomical insurance premiums on these kinds of policies because they are wealthy and the insured body parts are essential to their work. These stars claim that the loss of use of these body parts would mean that they would no longer be able to generate an income. Essentially this would be the same as a driver losing his eyesight or a programmer losing the use of her hands.

In addition, the particular bits of anatomy insured by these celebrities also remind their fans why these celebrities are so famous. When the news breaks that a star has insured a body part this provides ample amounts of press coverage and this can be an essential tool to keep them in the spotlight. Also, when a respected insurance company evaluates your rear end at millions of dollars, then negotiating your ...
... next film contract or record deal becomes a lot easier.

This kind of insurance will probably not make sense nor will it be required by ordinary people like you and me. We can, however, still insure ourselves against bodily harm in the event of an accident or some such event that would handicap us in a way that prevents us from working, thus destroying our ability to earn a living. Companies are obliged by law in many countries to offer workman's compensation to cover disabling accidents or injuries in the workplace. In addition, you can take out insurance policies of your own from life insurance companies, who will insure you against dismemberment, disablement and other bodily accidents that leave you unable to work. Although these life insurance policies tend to be affordable, many people do not think to insure themselves with one.

In addition to normal disability policies, you can still insure specific body parts against damage. This will however, prove to be a costly exercise. Taking out a policy against loss of limbs, loss of ability to work, loss of ability such as speech and sight, will be the best way to go. These policies will also cover pain and suffering claims.

Finally, when you need to make a claim, you will not have to pay a deductible. The amount you will receive in the event of a claim differs from life policy to life policy. State funded compensation, such as workman's compensation, will tend to pay out a much lower figure than a private insurance policy. With that in mind it is advisable to shop around as with any other insurance policy and try to find a policy that is both affordable and has an adequate payout. The stability of life insurance companies should also be kept in mind when purchasing a policy. Diligently paying your premiums for numerous years only to have your insurer go bankrupt is not a pleasant experience. Do your research and invest in your future!

About Author:

Stuart Broad has extensive experience in the life insurance industry. He is very passionate about the following developments at insurers like life cover and Life Insurance Quotes.