Tausi Insider

Most of us don’t think too much about insurance, but we deal with it in just about every aspect of our lives, from health insurance to unemployment insurance, from homeowner’s insurance to auto insurance. But insurance can cover a lot more than this—in fact, most common homeowners insurance covers stuff you might not think of, like liability if your dog bites someone, damage from riots (!), and even your tombstones, which are considered personal property. And in theory, you can get a custom insurance policy on anything that has a demonstrable “ insurable interest ”—that is, demonstrable financial loss associated with an event. Insurers may not be willing to write the policy if there are significant moral hazards or if they calculate that the policy doesn’t make sense financially for their business—but you might be surprised to learn some of the stuff you can insure with a pretty low degree of difficulty. Body parts You’ve probably heard about some celebrity who has taken out an in...