Niche insurance is

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

provided for small, low-demand markets. It is outside of the usual insurance types available, such as

automobile A car, or an automobile, is a motor vehicle with wheels. Most definitions of cars state that they run primarily on roads, Car seat, seat one to eight people, have four wheels, and mainly transport private transport#Personal transport, peopl ...

home A home, or domicile, is a space used as a permanent or semi-permanent residence for one or more human occupants, and sometimes various companion animals. Homes provide sheltered spaces, for instance rooms, where domestic activity can be p ...

life Life, also known as biota, refers to matter that has biological processes, such as Cell signaling, signaling and self-sustaining processes. It is defined descriptively by the capacity for homeostasis, Structure#Biological, organisation, met ...

travel Travel is the movement of people between distant geographical Location (geography), locations. Travel can be done by Pedestrian, foot, bicycle, automobile, train, boat, bus, airplane, ship or other means, with or without Baggage, luggage, a ...

, and

business Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for ...

insurance, and can be very difficult to obtain. A few examples are: * Insurance for drivers with convictions, often referred to as

Assigned Risk Assigned risk is a government-required method of providing insurance coverage to an individual by compelling insurance companies to service them when such companies would ordinarily not do so due to perceived risk of insuring the individual as a c ...

Car Insurance * Home Owners Insurance for those owners who have previously made a large claim * Professions which are unusual (

piano tuner Piano tuning is the process of adjusting the tension of the strings of an acoustic piano so that the Interval (music), musical intervals between strings are Musical tuning, in tune. The meaning of the term 'in tune', in the context of piano tunin ...

s) or high risk (such as scaffolders) * Temporary event insurance (

fête In the United Kingdom and some of its former colonies, a fête or fete is a public festival organised to raise money for a charity, typically held outdoors. It generally includes entertainment and the sale of goods and refreshments. Fetes are ty ...

s, live music events) * Body-part insurance, for people whose livelihood depends on the state of a particular part of their body, such as actors' legs or noses * Kidnapping of key corporate executives * Hole-in-one insurance, for

country clubs A country club is a privately-owned club, often with a membership quota and admittance by invitation or sponsorship, that generally offers both a variety of recreational sports and facilities for dining and entertaining. Typical athletic offer ...

or other venues hosting golf tournaments with large cash prizes for a

hole-in-one In golf, a hole in one or hole-in-one (also known as an ace, mostly in American English) occurs when a ball hit from a tee to start a hole finishes in the cup. Holes-in-one most commonly occur on par 3 holes, the shortest distance holes on a sta ...

Alien abduction Alien abduction (also called abduction phenomenon, alien abduction syndrome, or UFO abduction) refers to the phenomenon of people reporting what they assure to be the real experience of being kidnapped by extraterrestrial beings and subje ...

– the first company to offer UFO abduction insurance was through the St. Lawrence Agency in

Altamonte Springs, Florida Altamonte Springs is a suburban city in Central Florida in Seminole County, Florida, Seminole County, Florida, United States, which had a population of 46,231 at the 2020 United States census. The city is in the northern suburbs of the Greater O ...

; Reports by

GEICO The Government Employees Insurance Company (GEICO ) is an American vehicle insurance company headquartered in Chevy Chase, Maryland. In addition to auto insurance, GEICO provides motorcycle, ATV, RV, boat, snowmobile, travel, pet, event, hom ...

insurance (which does not sell alien insurance policies) and by ''

The Daily Telegraph ''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a British daily broadsheet conservative newspaper published in London by Telegraph Media Group and distributed in the United Kingdom and internationally. It was found ...

'' state that one English company has sold over 30,000 policies * Death or disability caused by supernatural phenomena, including ghosts and poltergeists In these circumstances, a specialist insurer is required for these

niche Niche may refer to: Science *Developmental niche, a concept for understanding the cultural context of child development and growth *Ecological niche, a term describing the relational position of an organism's species *Niche differentiation, in ec ...

areas. The specialist may have expert knowledge of the particular risk or can provide policies which have been tailored to fit the need. Often, approaching others with similar circumstances in

internet The Internet (or internet) is the Global network, global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a internetworking, network of networks ...

forums, associations or competitors in the same trade can help track down these niche products. Several celebrities and

porn star A pornographic film actor or actress, pornographic performer, adult entertainer, or porn star is a person who performs sex acts on video that is usually characterized as a pornographic film. Such videos tend to be made in a number of distinc ...

s have had their

penis A penis (; : penises or penes) is a sex organ through which male and hermaphrodite animals expel semen during copulation (zoology), copulation, and through which male placental mammals and marsupials also Urination, urinate. The term ''pen ...

es underwritten in amounts exceeding one million dollars, including

Van Halen Van Halen ( ) was an American rock band formed in Pasadena, California, in 1973. Credited with restoring hard rock to the forefront of the music scene, Van Halen was known for their energetic live performances and the virtuosity of their guit ...

frontman

David Lee Roth David Lee Roth (born October 10, 1954) is an American rock singer. Known for his wild and energetic stage persona, he was the lead vocalist of the hard rock band Van Halen for three stints: from 1974 to 1985, during 1996, and from 2006 to when ...

, and pornographic actor

Keiran Lee Adam Diksa (born 15 January 1984), better known by his stage name Keiran Lee, is an English pornographic actor, director, and producer who works mainly for Brazzers. He is one of the highest-paid pornographic actors. He has received several aw ...

– both of whom had their penises underwritten by

Lloyd's of London Lloyd's of London, generally known simply as Lloyd's, is a insurance and reinsurance market located in London, England. Unlike most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body gover ...

, also known for insuring other body parts including the

vocal cords In humans, the vocal cords, also known as vocal folds, are folds of throat tissues that are key in creating sounds through Speech, vocalization. The length of the vocal cords affects the pitch of voice, similar to a violin string. Open when brea ...

Bruce Springsteen Bruce Frederick Joseph Springsteen (born September 23, 1949) is an American Rock music, rock singer, songwriter, and guitarist. Nicknamed "the Boss", Springsteen has released 21 studio albums spanning six decades; most of his albums feature th ...

. In 2000, three sisters from

Inverness Inverness (; ; from the , meaning "Mouth of the River Ness") is a city in the Scottish Highlands, having been granted city status in 2000. It is the administrative centre for The Highland Council and is regarded as the capital of the Highland ...

took out a £1 million insurance policy to cover the cost of bringing up the infant

Jesus Christ Jesus (AD 30 or 33), also referred to as Jesus Christ, Jesus of Nazareth, and many Names and titles of Jesus in the New Testament, other names and titles, was a 1st-century Jewish preacher and religious leader. He is the Jesus in Chris ...

in the event of a

Second Coming The Second Coming (sometimes called the Second Advent or the Parousia) is the Christianity, Christian and Islam, Islamic belief that Jesus, Jesus Christ will return to Earth after his Ascension of Jesus, ascension to Heaven (Christianity), Heav ...

and virgin birth. The company that provided this policy,

Braintree, Essex Braintree is a town in Essex, England, and is the principal settlement of Braintree District. It is located north-east of Chelmsford, west of Colchester and north-west of Southend-on-Sea. According to the United Kingdom Census 2021, 2021 Cens ...

-based company ''britishinsurance.com'', withdrew the cover in June 2006, stating that

Catholic The Catholic Church (), also known as the Roman Catholic Church, is the List of Christian denominations by number of members, largest Christian church, with 1.27 to 1.41 billion baptized Catholics Catholic Church by country, worldwid ...

groups had complained.

References

{{reflist Types of insurance