It is known to all people that insurance is one of the means of facing the risks that a person is exposed to personally or to what he owns. Where it is a tool to reduce unexpected losses by providing material compensation when the insured risk and its consequences occur. When “insurance” is mentioned, traditional types of insurance often come to mind, such as car insurance, medical insurance, home insurance and other common types of insurance. However, with the passage of time and continuous development, new types of insurance began to appear to cover any potential risk. From the principle of meeting all customers’ desires, some insurance companies have begun to provide insurance coverages that meet all these needs, as some of them are somewhat strange. Examples of these documents include:
Personal Talent Insurance
This insurance policy is concerned with insuring talents, whether they are sports talents or talents in singing or acting, as it provides coverage for the owner of this talent if he is exposed to any danger while exercising his talent.
Pet Insurance
This type of insurance is widespread in European countries as most of the people there take great care of their pets and care about their health and well-being and consider it part of their valuable possessions. In response to their wishes, some insurance companies have provided insurance coverages for pets that cover the costs related to caring for and caring for them in the event they are exposed to any risk.
Hijack Insurance
Kidnapping is mostly for extortion for ransom and the like and is considered a real threat in many parts of the world. The most in need of this type of insurance are high-ranking diplomats, senior officials in large commercial enterprises and business leaders. This policy provides coverage for ransom losses, business interruption, and reputational damage.
Multiple-birth Insurance
At the present time, the birth of multiple twins has become not a surprise to the parents due to the advances in ultrasound and medical technologies used that reveal this in advance. However, this does not make many families financially prepared, so some families resort to purchasing an insurance policy that covers the case of multiple twins. This insurance policy covers any additional costs incurred by additional children.
Food Spoilage Insurance
Unexpected factors may lead to food spoilage in refrigerators. Perhaps the most prominent of these factors is the power outage. The amount of compensation depends on the duration of the electricity outage and the reason for its interruption, as one of the conditions for coverage is that the interruption is involuntary and unintentional. This insurance policy compensates the customer for the value of all food spoiled due to the power outage.
