We insure our homes, our cars and our lives but when it comes to Hollywood, some stars have much more at stake (legs, breasts and bums, for example.)
If you look at the purpose of insurance, it’s to rescue you financially in the event of disaster. It’s meant to save a person who would otherwise literally go under if they had that damage or that loss, she says. “For celebrities, it’s really unnecessary because they’re generally not being insured for amounts they couldn't cover.
As you might have guessed, insuring a specific body part isn't the kind of coverage that’s common or even financially feasible. It’s done by surplus lines insurers, which handle unusual risks not covered by standard insurance companies whom have to submit their rates to the state.
Lloyd’s of London, the most prominent provider in this category of insurance, has been offering body-part specific policies since the 1940s, when its underwriters were “innovative enough to respond to a need perceived by the U.S. entertainment industry,” says Jonathan Thomas, a health underwriter at Watkin’s Syndicate for Lloyd’s. Lloyd’s has insured everything from actress America Ferrera’s smile to musician Keith Richards’ fingers.
Thomas says premiums for this sort of insurance cannot be compared with any other sort of insurance.
“Obviously an exclusion buyback policy on a pitcher’s elbow is going to be hugely expensive precisely because most other insurers don’t have the experience or knowledge to cover it,” he says.
“Obviously an exclusion buyback policy on a pitcher’s elbow is going to be hugely expensive precisely because most other insurers don’t have the experience or knowledge to cover it,” he says.
Daniel Craig
Craig insured his body for $9.5 million while filming Quantum of Solace since he did many of his own stunts. "He does a lot more than Pierce used to do," "Quantum" chief stunt coordinator Gary Powell told The Guardian, "and he's allowed to because he's capable of doing it. He thinks, 'You're paying to see me, and that's me doing it.' He wants the audience to know."
Julia Roberts
She's got the most recognizable smile in Hollywood, and insured for a cool $30 million, Roberts' mega-watt smile is surely the most expensive one, too.
Julia Roberts
She's got the most recognizable smile in Hollywood, and insured for a cool $30 million, Roberts' mega-watt smile is surely the most expensive one, too.
Rihanna
The "Diamonds" singer was given a $1 million coverage for her legs by razor company Gillette.
The "Diamonds" singer was given a $1 million coverage for her legs by razor company Gillette.
David Beckham
The superstar soccer player reportedly had his legs insured for a whopping $70 million.
Bruce Springsteen
The Boss isn't taking any chances when it comes to his voice. In the 1980s, the iconic singer insured his voice for $5.7 million, and now his husky voice is worth six times more - $31.2 million. Sounds like a good investment idea for many singers!
America Ferrera
She may have worn braces on Ugly Betty, but America Ferrara had the last laugh when Aquafresh insured the actress' smile for a whopping $10 million at Lloyd's of London.
Jennifer Lopez
She's got the most expensive booty in the world! According to reports, Lopez insured her famous behind for $300 million, money well spent according to Lopez. "I was always very comfortable with who I was. Confident," Lopez told Marie Claire UK in 2010 about loving her body. "I've never looked at myself [my body] in a negative way."
Jennifer Lopez
She's got the most expensive booty in the world! According to reports, Lopez insured her famous behind for $300 million, money well spent according to Lopez. "I was always very comfortable with who I was. Confident," Lopez told Marie Claire UK in 2010 about loving her body. "I've never looked at myself [my body] in a negative way."
Article sources:
Photo: Getty Images
No comments:
Post a Comment