If you're looking for an insurance policy, you probably think of life, home, and auto coverage as the biggies. But in reality, there are a lot of weird and unexpected niches that people consider for insurance coverage. From body parts to weddings to terrorist attacks, these seven categories are serious businesses with real customers who take advantage of their policies.

What to Look for in a Niche Insurance Company?

When looking for a niche insurance company, think about the following:

• Has the niche insurance company been around for a while? Finding a niche insurer with experience in your particular industry is important.
• Does the niche insurer have a good reputation? Choosing an insurer with a good reputation among its customers and industry experts is also important.
• Is it affordable? Make sure you're getting great value from your insurance premium so that it doesn't cost more than expected down the road when you need help recovering from an unexpected event.
• How easy is it to work with their customer service team if there are any issues or questions about coverage? You should be able to reach someone on the phone whenever necessary, even after hours or on weekends.

However, most of the above features would be fulfilled if the insurance provider is tied up with a professional program management company like Origin Specialty . Origin's insurance program management services provide end-to-end business solutions for niche insurance providers. These include specialized underwriting services, modern-day systems that fulfill the overall insurance management functions, smooth and hassle-free claim handling, professional customer support, user-friendly insurance applications, and much more.

Looking for Something Weird or Different to Cover?

If you're looking for something weird or different to cover, there are niche insurance companies that cater to people with specific needs. Many of these niche insurance companies are not as well known as the big names and offer an interesting alternative regarding finding coverage.

So if you're thinking about getting some kind of insurance, or if you want some ideas on what's out there, the following list could be helpful:

1. Body Part Insurance

Body part insurance is a type of coverage that protects you from the cost of replacing your body parts if they become damaged or unusable. Depending on what they cover, these policies are also known as dismemberment insurance or loss-of-use insurance. It can include hands, arms, legs, and even eyes.

Even though this may sound like a strange idea to most people, there are many potential benefits to this type of protection.

You may be able to get skilled medical attention faster if you need it. For example, if you break or lose one of your fingers while playing baseball with friends and want surgery to fix it right away, then body part insurance would give you access to these services without paying upfront out-of-pocket costs.

Several types of policies within each category determine how much coverage is provided and how much it costs. The premium can vary widely depending on the policyholder. For example, an athlete will be more concerned about his hands and legs, while an actor prefers to insure his face. In addition, the cost of insurance or premium will depend on crucial factors like age, health conditions, etc.

One of the examples of body part insurance is Cristiano Ronaldo, the Portuguese soccer sensation who reportedly took out a $145 million policy on his legs.

2. Wedding Dress Insurance

If you've ever been to a wedding, you know how expensive it can be. However, wedding dresses are not cheap and aren't manufactured to be ruined.

Wedding dress insurance is a type of coverage that protects the bride and groom in case their wedding attire is damaged or destroyed during the ceremony or reception. When you consider how much time goes into choosing the right dress and how many times you will wear it, it will be considered to insure it.

One of the benefits of this type of protection in place is couples having peace of mind. Because they know that if something happens to their gowns or tuxes during the celebration, they'll get reimbursed for replacing them.

While some people may consider this type of insurance " strange, " its popularity has grown over time. As a result, more brides are interested in protecting their special day from unexpected mishaps.

If your wedding dress is costly enough for an additional amount as a premium on its safety, then consider an insurance policy to protect your wedding dress.

3. Kidnap & Ransom Insurance

Kidnap and ransom insurance, also known as K&R, is a type of coverage that protects you from the financial consequences of being kidnapped. Kidnapping and ransom can happen to anyone at any time. Unfortunately, there are no warning signs or risk factors associated with them. Therefore a few people think it's necessary to protect yourself against this potentially devastating event.

While kidnap & ransom insurance isn't available across all carriers, those who offer it typically charge $1,000-$2,500 per year for a policy. The maximum payout limit for the policy that costs $1,000-$2,500 is between $250K-$500K.

Kidnap & ransom policies usually include coverage for:

• The cost of hiring a private investigator to track your missing loved one.
• Medical expenses related to injuries sustained during their abduction or escape from their captors.

4. Life Settlements Insurance

Life Settlements Insurance is a type of insurance that allows policyholders to sell their life insurance policies to a third party. The policyholder agrees to sell their life insurance for less than its full value and then get paid in installments until it expires. The person who receives this discounted rate for buying the life insurance policy will also get their money back if something does happen to the original policyholder.

The investor pays less than they normally would for an entire insurance policy. It is because they are only interested in getting some income from the investment rather than waiting until death occurs and receiving all of their money back. They want some payments while they're still alive so that there's something left over when they pass away.

5. Pet Insurance

The pet insurance industry is growing, and it's not just because of the rising number of dog and cat owners. The idea that pets are considered part of the family has given rise to a new way of viewing them as people who should be insured. Pets need insurance coverage just like humans do. It's not uncommon for pets to have accidents or medical problems that could get costly if left unchecked. For example, if your dog gets injured while chasing after a squirrel outside, you can use pet insurance for the dog's treatment. In addition, pet insurance can cover costs related to surgery and follow-up physical therapy sessions.

If you have pets and live in an area with large amounts of wildlife like coyotes or rattlesnakes, you might consider purchasing extra coverage for these hazards.

6. Divorce Insurance

Divorce insurance is a type of life insurance policy that covers the cost of a divorce. It's usually an add-on rider to your existing life insurance policy, but you can purchase it separately in some instances. The divorce rate in the US is 2.3 per 1,000 marriages, and separations can sometimes become costlier than you think.

Unlike traditional life insurance policies, divorce insurances are more likely to have gender-specific pricing and underwriting criteria. So, unfortunately, they're more likely to charge women higher premiums than men and vice versa.

Generally, most people who buy divorce insurance are affluent individuals with an existing life insurance policy. They want additional coverage for their spouse if something happens during their marriage. You might also see famous or wealthy people buying this type of coverage as part of the agreements with their spouses when getting married.

7. Terrorism Insurance

Terrorism insurance is a type of personal property insurance that covers damage to your home and possessions from terrorist attacks. It can also include other risks, such as loss of use or loss of business interruption, which are both covered in the event of an act of terrorism.

The coverage is available for both single-family homes and multi-unit residential buildings. Coverage limits vary by state and policy. Coverage is typically offered between $1 million-$5 million, depending on the cause of loss.

Buy One Weird Niche Category Insurance to Stay Peaceful

Insurance is an excellent way to protect you from unexpected events like fires and unemployment. If someone harms you or steals something from you, your insurance will cover the cost of replacing or repairing whatever was lost. Insurance companies know that bad things happen every day, so they offer policies protecting consumers from these situations.

If a company is insuring against these unexpected and weird niche categories, it's great. It means people have experienced it or expect to experience it someday in their life. And as long as we continue to work hard in our jobs and live healthy lives, we can all be proud of ourselves for being prepared for anything that comes our way.