Friday, January 13, 2017

16 Insurance Fun Facts

Insurance can be obtained for a variety of different circumstances. While people commonly purchase auto, health, home and life insurance, you can purchase a policy for just about anything. In today's blog, your favorite insurance company in Osage Beach offers some interesting insurance facts for your entertainment.

Insurance Fun Facts

1. The Apollo Astronauts were unable to qualify for life insurance and they were not insured by NASA. Therefore, they resorted to "insurance autographs," which they signed just before launch in the expectation that the value would skyrocket in the event of their deaths.

2. In Japan, avid golfers buy insurance to protect themselves on the course. In the event they get a hole-in-one, they're required to buy gifts and drinks for their friends. The policy covers them for a party worth up to $3,000, for the low price of $65 per year.

3. Even though SONY is known around the world for mostly selling electronics, its insurance division is the major source of profit for the company, while the electronics division is losing money.

4. No insurance company will underwrite Jackie Chan's productions. Therefore, he personally trains his own stuntmen and pays their medical bills out of his own pocket.

5. Aflac, an American insurance company, has been rated as one of the most ethical companies for seven straight years.

6. In London from 1682, one could buy fire insurance. A metal plate was attached to their building ensuring if there was ever a fire, the insurance company would fight to extinguish it. However, if your building wasn't insured, the fire wasn't put out unless it threatened to spread to an insured building.

7. When Microsoft bought all rights to Charle's O'Rear's iconic "Bliss" photo, depicting green hills and a blue sky, they wanted the original film. When the courier learned of it's value, they declined to ship it due to lower insurance limits. O'Rear had to personally deliver it to Seattle.

8. The Turkish government attempted to recover life insurance for the Armenians killed during the Armenian Genocide with the argument that there are no identifiable heirs.

9. Pepsi ran a sweepstakes to win $1 billion in 2003, and paid $10 million for insurance against someone actually winning the grand prize.

10. One of the many reasons for the high suicide rate in Japan is that Japanese life insurance companies will pay even if the cause of death is suicide. Therefore motivating people to die so their families can live in comfort.

11. Insurance can be obtained against the possibility of alien abduction. In fact, over 20,000 people have purchased it.

12. Betty Grables' legs were insured for $1 million each in the 1940s, and the practice of celebrities obtaining insurance for body parts has continued to this day.

13. The first known insurance contract was signed back in 1346.

14. The most expensive insurance policy in the world belongs to American director Steven Spielberg, whose life was insured for $1.2 billion.

15. In 1974, a boy died after eating poisoned Halloween candy. The culprit was his own father who poisoned him to receive a $40,000 insurance policy.

16. In the summer of 2006, a Russian insurance company insured a race on heels. Participants had to cover the distance of 100 meters at a speed on shoes with a heel of at least 9 inches.

For all your Lake of the Ozarks insurance needs, give us a call at 573-348-2794 or stop by our Osage Beach insurance office. Insure the Lake is here to discuss your specific insurance needs and how to best protect you. We work with a variety of different companies in order to give you the most comprehensive coverage at a competitive price!

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 

About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral