Tuesday, September 12, 2017

Home Run Insurance

Over the years, we've talked about Marathon insurance, Football insurance, even Snow insurance. But this is a new one: Baseball insurance.

"Earlier this season, local window company Universal Windows Direct offered an intriguing promotion: any purchases made in the month of July would be refunded in full if the Indians notched a 15-game winning streak before the end of the season."

Well, they've already surpassed that, which is bad news for the window folks.

Or is it?

As you've probably guessed, there is no such thing as Marathon or Snow insurance, let alone Baseball. But the folks who run the company had purchased "Special Event" coverage, which cost "$75,000 ... to cover the $1.7 million," truly a bargain.

As we noted back in Aught Nine:

"Special Event insurance is just that: coverage to protect one from a sudden loss during some unusual activity or promotion. Think "$1 million Hole In One Contest."

And Bob's your uncle.
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