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 hedge ...

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

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

home A home, or domicile, is a space used as a permanent or semi-permanent residence for one or many humans, and sometimes various companion animals. It is a fully or semi sheltered space and can have both interior and exterior aspects to it. H ...

life Life is a quality that distinguishes matter that has biological processes, such as signaling and self-sustaining processes, from that which does not, and is defined by the capacity for growth, reaction to stimuli, metabolism, energ ...

travel Travel is the movement of people between distant geographical locations. Travel can be done by foot, bicycle, automobile, train, boat, bus, airplane, ship or other means, with or without luggage, and can be one way or round trip. Travel c ...

, 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 pr ...

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 perceive risk of insuring the individual as a cus ...

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 act of adjusting the tension of the strings of an acoustic piano so that the musical intervals between strings are in tune. The meaning of the term 'in tune', in the context of piano tuning, is not simply a particular fixed ...

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

fête In Britain and some of its former colonies, fêtes are traditional public festivals, held outdoors and organised to raise funds for a charity. They typically include entertainment and the sale of goods and refreshments. Village fêtes Village f� ...

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. * Alien abduction – 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, United States, which had a population of 46,231 at the 2020 United States Census. The city is in the northern suburbs of the Orlando–Kissimmee–Sanford Metro ...

GEICO The Government Employees Insurance Company (GEICO ) is a private American auto insurance company with headquarters in Chevy Chase, Maryland. It is the second largest auto insurer in the United States, after State Farm. GEICO is a wholly owne ...

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

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

'' report 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 *Ecological niche, a term describing the relational position of an organism's species *Niche differentiation, in ecology, the ...

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 system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a '' network of networks'' that consists of private, pub ...

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 in video that is usually characterized as a pornographic movie. Such videos tend to be made in a number of dist ...

s have had their

penis A penis (plural ''penises'' or ''penes'' () is the primary sexual organ that male animals use to inseminate females (or hermaphrodites) during copulation. Such organs occur in many animals, both vertebrate and invertebrate, but males do n ...

es underwritten in amounts exceeding one million dollars, including

Van Halen Van Halen ( ) was an American rock band formed in Pasadena, California, in 1972. Credited with "restoring hard rock to the forefront of the music scene", Van Halen was known for its energetic live shows and for the virtuosity of its lead gu ...

frontman

David Lee Roth David Lee Roth (born October 10, 1954) is an American rock singer. Best known for his wild, energetic stage persona, he was the original lead vocalist of the hard rock band Van Halen across three stints, from 1974 to 1985, in 1996 and again fro ...

, 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 ...

"Porn star insures penis for $1 million" Global Post.
/ref> – both of whom had their penises underwritten by

Lloyd's of London Lloyd's of London, generally known simply as Lloyd's, is an 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 gov ...

, also known for insuring other body parts including the

vocal cords In humans, vocal cords, also known as vocal folds or voice reeds, are folds of throat tissues that are key in creating sounds through vocalization. The size of vocal cords affects the pitch of voice. Open when breathing and vibrating for speech ...

Bruce Springsteen Bruce Frederick Joseph Springsteen (born September 23, 1949) is an American singer and songwriter. He has released 21 studio albums, most of which feature his backing band, the E Street Band. Originally from the Jersey Shore, he is an originat ...

References

{{reflist Types of insurance