The 9 Craziest Celebrity Insurance Policies

The 9 craziest celebrity insurance policiesAlmost all of us have some assets worth insuring -- our homes, our cars, our health. But the insurance business goes far beyond the basics. If your possessions are worth a bit more, you might have separate policies for your jewelry or art. Businesses take out insurance to protect their executives against lawsuits. And when they consider certain employees to be vital to their bottom lines, they may even take out life insurance policies on them.

Celebrities are no different. They take out insurance to protect their most important assets -- themselves.
If your living depends on a specific body part, be it your hands, legs or smile, you can't take chances. You can take out a policy.

This unusual segment of the business has been around for quite some time. Movie stars Betty Grable and Fred Astaire both had insurance policies on their legs in the first half of the 20th century. Astaire's $150,000 insurance coverage wasn't much compared to Grable's cool $1 million policy. These days celebrity insurance regularly covers much more than that.

So who's doing it today? 24/7 Wall St. has compiled a list of nine of the largest and most interesting insurance policies taken by or on behalf of celebrities.

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Mariah would have opted for brain insurance, but sadly one could not be detected. She has a separate policy not mentioned here: eye insurance, in case one of her boobs smacks her. Also carries fat insurance providing 24/7/anywhere emergency lipo.

December 02 2011 at 4:53 AM Report abuse rate up rate down Reply

If i were Springsteen i would collect as soon as possible. he never had a voice to start with.

December 01 2011 at 1:20 AM Report abuse rate up rate down Reply

I should insure my colin for a billion. It is beautiful.

November 29 2011 at 9:13 PM Report abuse rate up rate down Reply

Mariah Carey's "legs" insured for $1 BILLION? What would be the premiums on that policy? That is absolutely unbelievable! I would FIRE the supervisor who "okay'd" that policy! If she got hurt in an automobile accident (or ANY accident), they would bankrupt the company!

November 29 2011 at 8:55 PM Report abuse rate up rate down Reply

I dont understand how these work. So if in some unfortunate accident Mariah Carrey lost both her legs, she would get a billion dollar payout?

November 29 2011 at 7:23 PM Report abuse rate up rate down Reply
Dr Dan

Mariah Carey's legs insured for 1 billion? Mariah is beautiful and has an awesome voice, but she does not have the legs. I can think of loads of women who have alot nicer legs than Mirah.

November 29 2011 at 5:58 PM Report abuse rate up rate down Reply

What, his Johnson?

November 29 2011 at 5:28 PM Report abuse rate up rate down Reply

I would like to know how much Mariah is paying in premiums on her $1,000,000,000 policy.

November 29 2011 at 4:58 PM Report abuse -1 rate up rate down Reply
1 reply to lam2ray's comment

Not only the premium.....lets see the actual policy language to see the insuring agreement, conditions and exclusions! Lets also find out what company or companies wrote such an exposure and my guess is it's heavily reinsured.

November 29 2011 at 5:42 PM Report abuse rate up rate down Reply

springsteen wasted his money. He has no vocal chords.

November 29 2011 at 3:47 PM Report abuse +2 rate up rate down Reply

What a bunch of hype. What lengths people will go to for publicity. The ones on this list could all retire comfortably today if they wanted to . Wouldn't matter if they broke a leg or not.

November 29 2011 at 12:20 PM Report abuse +2 rate up rate down Reply