INSURANCE
NOVEMBER 14, 2021
Some Hilarious Insurance Facts
Here are some hilarious insurance facts that you probably didn’t know of !
- The first appearance of insurance in history was recorded in China around 3000 BC. Merchants distributed their goods across a number of ships wouldn’t deliver a total loss to anyone.
- The word “insurance” is from the French word “ensurer” which has original meaning as an “engagement to marry”. It changed to “assurance” and then “insurance” in the modern terms.
- The first known insurance contract was signed in 1347 in Genoa, Italy.
- The first insurance company in the US was founded by Benjamin Franklin in 1752 and was called the Philadelphia Contributionship.
- That first insurance company history is older that the American revolution. It was modeled on the English insurance companies established after the London Great Fire of 1666.
- Starbucks pays more for employee health insurance than it pays for coffee.
- In the 19th century there was an insurance policy for death by excessive laughter at a movie theater.
- The Alien Abduction insurance has been available to purchase since 1987. It covers the medical costs related to the abduction.
- There has been around 100.000 policies written for the Alien abduction insurance with at least two paid out claims.
- The Alien Abduction insurance also protects you against loss caused by ghosts or poltergeists.
- Many Americans think the Affordable Care Act and Obamacare are different. A 2017 poll by Morning Consult found 35% respondents thought Obamacare and Affordable Care Act were different and didn’t know if they were the same or different.
- The Kidnapping Insurance will protect extremely rich people and their families for a hefty ransom. In that way they do not have to pay from their fortunes if someone is kidnapped.
- Some funny events of the most surprising claims that insurance companies have covered including : a farmer whose phone got lost inside a cow giving birth (the insurance company replaced the phone).
- Some celebrities and professional athletes make a living from literally their body parts. They cover it with insurance to ensure their income is safe. Some examples are the football player Cristiano Ronaldo took a $144 million policy to protect his legs, supermodel Heidi Klum insured her legs for $2 million and Gene Simmons from the rock band KISS insured his tongue for $1 million.
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