15 insurance policies you might not know existed

If you or your loved ones are concerned about being abducted by otherworldly creatures, you can take out an alien abduction insurance policy. To collect on a claim, abductees must prove a non-human life form took them.

When the sky is literally falling, homeowners can insure their property from damage caused by plummeting asteroids, meteors, or satellites. Good news is, most home insurance and life insurance policies already protect against falling objects, so families don't need a separate policy should an asteroid turn toward their home.

Some athletes and celebrities have insured their money-making body parts for millions of dollars. Heidi Klum insured her legs for $2 million, Bruce Springsteen reportedly protected his voice to the tune of £3.5 million, and Holly Madison insured her breasts for $1 million.

According to the Knot, in 2016, Americans spent an average of over $35,000 on their weddings. To protect their investment, some couples have purchased “change of heart” insurance, a policy that reimburses sunk costs of canceled weddings. Companies including Wedsure provide this unique insurance along with other nuptial-related policies to protect against cancellations, postponements, or damaged photos.

Often called hole-in-one insurance, contest insurance protects businesses from paying for the prizes they offer to contestants. Many golf tournaments offer expensive awards—think new cars or lump sums of cash—to competitors who make a hole in one. If a business pays the insurance premium, it wouldn't have to pay for the prize if a competitor sinks a hole in one.

Lloyd's of London reportedly insured a confident comedy troupe. The group bought an insurance policy to protect them against the possibility of their audience dying of laughter. So far, there's been no word on whether this policy has seen a payout.

Lloyd's of London has insured mustaches and beards alike. In 1992, a famous Santa Claus insured his white beard, and Merv Hughes, an Australian cricket player, reportedly insured his mustache for $360,000.

For operators of Halloween-themed attractions, insuring against injury or worse is a requirement. This niche insurance covers accidents and injuries to visitors and employees for things like haunted houses, Halloween events, zombie runs, mud zombie runs, corn mazes, pumpkin patches,  zombie paintball, haunted hayrides, and escape games.

Lloyd's of London has insured pioneers' intrepid journeys around the world. From an American girl who swam the English Channel to a group of Englishmen who attempted to cross Antarctica during winter, Lloyd's policies have covered many human endeavors.

Sometimes an employee's business impact is so vital that if the employee dies the company dies with them. In these cases, businesses can take out key-person insurance, a policy that provides a payout after the death of an integral person.

Some insurance companies offer clients kidnapping and ransom insurance to protect against kidnapping, extortion, hijackings, and more. Industries that may consider adding this coverage include aviation, oil and gas, and NGOs.

Multiple-birth insurance gives expecting parents a paycheck if they have more than one child at once. Parents must take out the policy before the 11th week of pregnancy, or before the first ultrasound.

Rowdy party goers are known to cause problems. Hosts looking to protect themselves from accidents caused by unruly guests may buy event liability insurance. These policies can cover damages caused by inebriated guests, injuries after someone leaves an event, and more.

Taste-testers and sommeliers have started insuring their taste-buds. One chocolate scientist named Hayleigh Curtis insured her taste buds with Lloyd's of London for £1 million, and Costa Coffee's coffee taster insured his tongue for £10 million.

Companies including Virgin Galactic and SpaceX are insuring their otherworldly space shuttles. One in 20 space launches will fail, so it's no wonder businesses are paying huge premiums to protect their inventions from catastrophic damage.