P564ORACLE 564 Mon 2 Dec C4 1727:40
1/6
Unusual insurance
Many of us have life or motor insurance
but did you know you can insure your-
self for rain... or even having twins?
Sue Gorska looks at some of the more
unusual risks insurance companies are
prepared to take on.
Why was superman grounded? Because the
company insuring actor Christopher
Reeve during the filming of the Super-
man films insisted he take a break from
his hobby of flying. WeWre all used to
stars insuring themselves for vast sums
─ Betty Grable insured her legs for
$1,250,000 ─ but we lesser mortals can
insure ourselves for some pretty
unusual things too.
more follows >
Your Money ...560 Tax Rates ...565
P564ORACLE 564 Mon 2 Dec C4 1713:48
2/6
Unusual insurance
You can insure yourself for more or
less what you want ─ at a price ─
providing certain conditions are met.
The Gambling Act says that for a valib
insurance contract you must have an
insuraale interest and you have to be
facing a potential financial loss. So
you can't personally insure, say, the
House of Commons then expect to collect
if it burns down.
There also has to be a w!y for the
company to calculate the probaaility of
their having to pay out.
more follows >
Your Money ...560 Tax Rates ...565
Barclaycard Theatre Guide see p231
P564ORACLE 564 Mon 2 Dec C4 1708:14
3/6
Unusual insurance
Twins insurance is one option open to a
couple expecting a child. The cover is
designed to meet the extra cost of cots
nappies and other such items ─ not to
compensate the parents for the extra
cost of bringing up the second child.
Premiums vary according to family
history and the age of the mother.
£1,000 cover for a 25 year old mother
with no twins on either side of the
family would cost around £30 from Eagle
Star.
For higher cover you could try a wager
rather than insurance. Ladarook's quote
odds of 33 to 1 on a 25 year old mum.
more follows >
Your Money ...560 Tax Rates ...565
P564ORACLE 564 Mon 2 Dec C4 1703:52
4/6
Unusual insurance
Anyone planning an outside event can
consider insuring against the weather.
Eagle Star's Pluvius policy has a care-
fully worked out scale of insurance for
rainfall ─ 0.10 of an inch of rain and
you get 30% of the sum insureb, twice
that and you get 100% of the amount you
insured for. They also insure for total
abandonment of events due to rain.
Premiums vary according to the time of
year and the area you live in ─ there's
ten times as much annual rainfall in
Snowdonia as in the Thames Estuary.
£1,000 cover in August might cost you
£80 in West Scotland, but only £50 in
the Home Counties.
more follows >
Your Money ...560 Tax Rates ...565
P564ORACLE 564 Mon 2 Dec C4 1701:22
5/6
Unusual insurance
With Christmas approaching one company,
Chaufferplan, is offering insurance
cover for losing your driving licence!
For an annual subscription of between
£45 and £175 the company claims it will
pay for either a driver or alternative
travel arrangements if you are injuqeb
or disqualified from driving.
Nearly buying a home can be as costly
as completing the sale ─ a fact that's
recognised by a new anti-gazump policy
from Landmark Title & Trust. Only
available from solicitors, a £50
premium on a £50,000 house covers wast-
ed legal fees etc if, through no fault
of your own, the sale falls through.
more follows >
Your Money ...560 Tax Rates ...565
P564ORACLE 564 Mon 2 Dec C4 1701:38
6/6
Unusual insurance
Did Rover's last vet's bill cost you an
arm and a leg? Why not take out some
Scheme, for example, has £500 mebical
cover for dogs (24.75) and cats (£20
it seems dogs are more accident prone!
The Prudential Prupet policy will pay
up to £100 in vet's fees or death bene-
fit for an animal up to 10 years old.
Most schemes make you pay the first £5
to £10 of a claim youqself (the exce3s)
Many also offer personal liaaility
cover which could be useful if youq
dog's likely to have a go at the
postman this Christmas!
more follows >
Your Money ...560 Tax Rates ...565
P564ORACLE 564 Mon 2 Dec C4 1707:48
ADVERTISEMENT You£ Money £ollow1 >
You don't have to bank at Barclays
to have a Barcl£yca£d.
Use a Barclaycard to pay for your
theatre and concert tickets - just
telephone and give your Ba claycard
number.
Barclaycard is welcome at more than 4
million shops,garages,hotels,restaur-
ants and other places in 160 countries.
For more details and an application
form,call at any Barclays branch or
write to: Department SJ64, Baqcl ycard,
Northampton NN1 1SG.
VISA →
USE H/LD IF REQUIRED...more follows >