Insight: Special insurance for certain talents

Protect your livelihood and financial future with special insurance products.

09:50 27 May 2013

The pronouncement that the violin thought to be owned by Wallace Hartley (who perished in the sinking of the Titanic) was indeed the actual violin, proves a remarkable discovery. Today, such items for professional musicians are insured. Insurance doesn’t stop at that though; there might be some truly different options out there if you have a certain talent which you use to make a living.

 

Here are a few examples of some unusual insurance options:

 

• Hands—while this may seem strange there are quite a few professions which require the use of your hands. If you’re a musician, your livelihood is threatened if you injure your hands, lose one, or develop arthritis or carpal tunnel syndrome. This is true for artists as well.

 

• Feet—think of insurance for dancers, especially tap dancers. If you have problems with your feet, whether due to medical issues or something else like an accident you’ve lost out on your main form of income.

 

• Hobbies—there are some hobbies which require special insurance and may prevent you from obtaining normal life insurance. Skydiving, scuba diving, hang gliding, bungee jumping, and surfing might be just a few hobbies that either need special insurance or may cause much higher premiums if you are able to get life insurance.

 

• Dangerous jobs—some people pay exorbitant prices on an insurance premium because of the types of jobs they have. Occupations with much higher risk, such as race car drivers, are subject to higher premium payments. 

 

• Health—while this isn’t all that unusual, if you have poor health you may have difficulty finding inexpensive life insurance policies, or policies in the amount you want.

 

If you have a specific talent that depends on the use of a certain piece of equipment or appendage, don’t hesitate to check for special insurance that can give you some peace of mind.