Paul Sanchez
Lloyd's of London has a reputation for insuring unusual risks and celebrity body parts. The insurance company has been insuring the interesting for more than 300 years, building its name and brand with each policy written. Lloyd's of London has insured Keith Richards' guitar-playing fingers, Michael Flatley's Lord of the Dance legs, David Beckham's soccer-kicking legs, and America Ferrara's smile, among others. One source mentions that Vanna White's legs were insured for $1,000,000, but it is unclear if Lloyd's of London was the insurer.
| Characteristics | Values |
|---|---|
| Company | Lloyd's of London |
| Celebrity | Vanna White (co-host of Entertainment Tonight) |
| Body Part | Legs |
| Amount | $1 million |
| Other Celebrities with Insured Legs | Tina Turner, David Beckham, Michael Flatley, Rihanna, Mariah Carey, Betty Grable, Brooke Shields, Jamie Lee Curtis, Heidi Klum, Marlene Dietrich, Fred Astaire, Angie Dickinson, Angie Everhart |
Explore related products
What You'll Learn
Lloyd's of London has insured many celebrities' body parts
Lloyd's of London has been insuring celebrity body parts since the silent film era. In the 1920s, silent film star Ben Turpin took out an insurance policy worth $25,000 in the event that his crossed eyes spontaneously uncrossed, as he believed this was key to his comedic performances.
Since then, Lloyd's of London has insured numerous celebrity body parts, including the legs of Vanna White, David Beckham, Tina Turner, and Michael Flatley. Vanna White, co-host of Entertainment Tonight, had her legs insured for $1,000,000. Similarly, David Beckham insured his legs for approximately $140 million through Lloyd's of London in 2006, while he was still a professional soccer player.
The company has also insured Bruce Springsteen's voice for nearly $5 million, Rihanna's legs for $1 million, and Jamie Lee Curtis's legs for $1 million. In addition to legs, other body parts that have been insured by Lloyd's of London include beards, noses, and even taste buds.
Understanding Insurance Coverage for Your Parents
You may want to see also
Explore related products
$27.19 $28.79
Lloyd's has insured other bizarre things, like beards
Lloyd's of London, generally known simply as Lloyd's, is an insurance and reinsurance marketplace located in London, England. It is one of the oldest insurance companies in the world, with roots in marine insurance dating back to 1689. Lloyd's has a diverse range of policies, covering property, casualty, marine, energy, motor, aviation, and other types of risk. The company is well-known for insuring famous, unusual, or bizarre things.
One of the most notable instances of Lloyd's insuring celebrity body parts was the case of Vanna White, a co-host of Entertainment Tonight. While it is unclear if Lloyd's insured White's legs, they did insure the legs of several other celebrities, including Betty Grable, a pin-up star of the 1940s, whose legs were insured for $1 million (or $250,000, according to another source) by 20th Century Fox. Other celebrities who insured their legs include Tina Turner, David Beckham, and Michael Flatley, the Lord of the Dance.
Lloyd's has also insured noses, including that of Dutch winemaker and taster Ilja Gort, whose policy was worth 5 million euros (over $8.5 million) in 2008. Actor Jimmy Durante also insured his nose for $140,000.
In addition to body parts, Lloyd's has insured other bizarre things. For example, they insured a grain of rice with portraits of Queen Elizabeth II and Prince Philip engraved on it for $20,000. They also insured the development of the new World Trade Center with various insurance programs.
Lloyd's has a history of insuring against unusual risks, including beards. In one instance, 40 members of the Derbyshire Whiskers Club insured their beards against fire and theft.
Lloyd's has also insured satellites, starting with Intelstat 1 in the 1970s, and the company was the first to sell car insurance, describing automobiles as "ships navigating on land" in their policies.
Life Insurance Tax Withholding: Indiana's Unique Case
You may want to see also
Explore related products
The company also insures conventional items like cars and boats
Lloyd's of London has been insuring the interesting, unusual, and bizarre for more than 300 years. It began as Lloyd's Coffee House in 1652, owned by Edward Lloyd. It was frequented by sailors, merchants, and shipowners, and soon became the go-to place for maritime news. Patrons started betting on the success or failure of ships, and ship captains and crews followed suit, betting on their own success or their competitors' demise. This marked the beginning of the insurance business at Lloyd's.
Lloyd's has insured everything from celebrity body parts to conventional items like cars and boats. In 1904, Lloyd's described an automobile as a "ship navigating on land" for insurance purposes. The company was the first to sell car insurance and continues to be a leader in personal transportation insurance. They are the exclusive insurer for Virgin Galactic and were the first to finance a space shuttle mission in 1984.
Lloyd's has also insured boats, as seen in their maritime insurance roots. They have provided high-risk solutions for unusual risks, such as insuring the Loch Ness Monster. In the 1970s, Cutty Sark Whisky ran a promotion offering a reward for capturing "Nessie," and Lloyd's underwrote the $2.4 million policy.
Lloyd's has a long history of insuring celebrity legs, including those of David Beckham, Michael Flatley, and Tina Turner. They have also insured more conventional items like cars and boats, showcasing their versatility and adaptability in the insurance industry.
Understanding Life Insurance: Protecting Your Loved Ones
You may want to see also
Explore related products
Lloyd's has a history of insuring satellites and spacecraft
Lloyd's of London has a long history of insuring satellites and spacecraft. In 1965, Lloyd's provided the first-ever space satellite insurance. Today, Lloyd's provides insurance coverage for satellites across their entire lifespan, from manufacturing to in-orbit testing and beyond. Lloyd's underwriters provide protection to satellite owners and users, including national governments, telecommunications firms, and research institutes.
Lloyd's has also been involved in space rescue missions. In 1984, Lloyd's funded a space shuttle mission to retrieve two rogue satellites, Westar 6 and Palapa B-2. The mission was a success, and the satellites were refurbished and resold. Lloyd's has also provided insurance for space missions such as Astroscale's end-of-life satellite retrieval service, which aims to mitigate the hazards posed by space debris.
Lloyd's has a history of insuring against risks in the space industry and has helped make space operations safer and more sustainable. Lloyd's works with data specialists to track and monitor the movement of space debris, which can pose significant threats to spacecraft. Lloyd's is also involved in providing risk mitigation solutions for the emerging orbital economy.
In addition to insuring satellites and spacecraft, Lloyd's of London has also been known to insure celebrity body parts, including the legs of several female celebrities. While it is unclear if Lloyd's insured Vanna White's legs specifically, they did insure the legs of 1940s pin-up star Betty Grable for $100,000 (later increased to $250,000). More recently, co-host of Entertainment Tonight, Mary Hart, insured her legs for $1,000,000.
Philam Life Insurance: Your Guide to BPI Philam Insurance
You may want to see also
Explore related products
The insurance company has been around for over 300 years
Lloyd's of London has been insuring the interesting for over 300 years. Established in a coffee house in 1662, Lloyd's of London is a marketplace for buyers and sellers of insurance. Each syndicate functions like a small insurance company, issuing policies and paying claims.
Lloyd's has a reputation for insuring unusual risks. Some of the most bizarre things the syndicates have insured over the years include the legs of Betty Grable, Rudolph Nureyev, Michael Flatley, and David Beckham. They also insured the nose of Dutch winemaker and taster Ilja Gort for 5 million euros in 2008 (more than $8.5 million today). Abbott and Costello insured their comedy routine in case they had to split. The policy was valued at $250,000 over five years.
Lloyd's was also in the business of insuring against any disfigurement to a star's face on the premise that their looks were a primary source of income and would cause studio losses. Such policies were colloquially known as "scarface insurance". In the 1920s, silent film star Ben Turpin took out an insurance policy that would pay him $25,000 if his crossed-eye condition spontaneously resolved.
Lloyd's has also insured more conventional items, such as cars, aircraft, and spacecraft. They issued the world's first auto policy in 1904 and the first aircraft policy in 1911. In 1965, they issued the first policy covering a spacecraft. They have also provided insurance for high-value items, such as mega-jewelry on the red carpet at the Academy Awards.
Protecting Priceless Art: Insuring Museums Against Hurricanes
You may want to see also
Frequently asked questions
No, Lloyd's of London did not insure Vanna White's legs.
Lloyd's of London insured Betty Grable's legs for $1 million per leg.
Other celebrities who have insured their legs include Tina Turner, David Beckham, Michael Flatley, Rihanna, Mariah Carey, Brooke Shields, and Jamie Lee Curtis.
Lloyd's of London has insured a variety of unusual things, including beards, a comedy routine, guitar-playing fingers, a taste bud, and the Loch Ness Monster.
Lloyd's of London has been insuring unusual things for more than 300 years, establishing itself in a coffee house in 1662.
