Most people think of insurance for homes, properties and cars but there are other valuable and unusual items to insure. The truth is, you can insure just about anything. Things with significant value should definitely have insurance. This protects the owner from a significant loss should the item become damaged or lost, die or lose its value.
A person can never be too careful when it comes to something worth a lot of money. Even if the person never collects on the insurance, just having insurance can provide beneficial peace of mind.
These three are valuable and unusual items to insure: horses, paintings and talent.
Horses
Many people believe horses are the most beautiful animal on the planet. They often have distinct bloodlines. Trainers and owners spend countless hours with their animals, getting them ready for competitions and shows. In addition, horses are temperamental animals and often suffer physical injuries and illnesses. Having horse medical insurance is a way to ensure the animal will always get adequate care, no matter how serious the medical problem is. Life insurance on a valuable horse is also worth considering.
Paintings
Art is worth a lot, especially if it is a painting from a famous artist. At least sixteen paintings have sold for over $100 million, including works by Monet, Picasso and Rembrandt. Even a nice painting from a relatively unknown artist can be worth thousands of dollars. For this reason, people find it worthwhile to insure their paintings against loss or damage.
Talent
Famous pianists insure their fingers against damage. Some singers insure their voice. Once those attributes of their talent are gone, the person might not be able to perform in shows or command a large and adoring audience. It has been reported that Mariah Carey insured her voice for a huge sum of money. A normal insurance policy will not cover this but a special policy will during a limited period.
