Three types of insurance you don’t always think about
There’s a saying that goes: “Nothing in life is certain but death and taxes.” Insurance should definitely have been added to that quote as well. Almost every person on Earth has to apply or be a part of some type of insurance policy.
Whether it be the basics like life insurance, car insurance, etc., or the more complex, like body parts insurance, “cold feet” insurance, etc. Our list will dive into the eccentric insurance policy world that exists in the underbelly of society.
Bicycle insurance
Now, not the most cryptic entry, however, still odd to most. Your average bank actually offers this service if asked. There are die-hard cyclists who have swagged out their “ride” with all the bells and whistles making it cost five times the sale price when originally purchased.
These are the main customers of these insurance policies as their bikes act as their primary vehicle or are used for races, etc. Bicycle insurance policies differ from one place to another, so you need to be aware of the minimum requirements for this particular policy.
Just know, the average bike can cost upwards of $200, and most bicycle insurance policies will cover up to $1,000. Making this decision requires taking climate into consideration and many other factors, so it’s not for everybody.
Tenant insurance
For the average homeowner, tenant insurance isn’t something that crosses their mind. Even for the average renter, it’s usually on the back burner, if being thought about all. Obviously, if you’re renting, you don’t “own” the place, so why the need for insurance on top of rent? Well, tenant insurance can actually protect all of your belongings in case of a third party catastrophe such as a fire or flood.
It will also protect from stolen items if a burglary occurs. The central myth behind tenant insurance is that it’s flat out “too expensive”. You’d be surprised to find out that the average amount of money this type of insurance costs monthly is less than $30. You can even apply through your bank for a discounted quote.
Most renters are starting to warm up to the fact that tenant insurance is actually worth it. Do your research and figure out which premium is right for you.
Wedding insurance
This entry is a practical idea for any couple to be wed and who’s forking out tons of cash for their wedding. You can protect just about anything that’s associated with your wedding day, right down to the flowers on the reception tables!
Life is unpredictable. Imagine losing the bride’s dress in transit to the wedding venue, or an unthinkable tragedy strikes, and you must postpone the wedding. All these problems and more can all be covered with wedding insurance.
Making sure that everything is 10/10 for the big day should bear no cost, and having proper wedding insurance incurs that. Policies will vary depending on the budget you are working with, but it’s more than worth it.
In conclusion
These are just some of the weirdest insurance policies offered to the general public. If you do your research, you’ll find that there really is an insurance policy for just about anything out there.