Inside the strange world of insuring celebrity body parts — and the price for coverage will shock you!

Celebrities who have body parts insured

There are a number of celebrities that have had either confirmed, speculative or wholly debunked stories about the insurability of certain assets.

The first that comes to mind is Jennifer Lopez’s famous booty, which was rumoured to have been insured for USD$27 million. However, she flatly denied this claim while appearing on a segment of James Cordon’s popular Carpool Karaoke segment of his Late Night With James Cordon talk show.

““No! There is no such thing as that,” she said. “I think there is a place in your homeland where you can insure certain things, parts of your body — seriously. I think that exists. I’ve heard that. Not here, I don’t think!”

Next up is Taylor Swift, whose legs are speculated to be insured for a staggering USD$40 million. The “Fortnight” singer has not publicly confirmed or denied the claim, but once alluded to an incident with one of her cats that referenced this lucrative lore.

Having tweeted a photo of a scratch on her leg, Swift captioned the photo by saying: “Great work Meredith. I was just trying to love you and now you owe me 40 million dollars.”

German supermodel extraordinaire and resident Halloween costume luminary, Heidi Klum, actually confirmed to Ellen DeGeneres that a client once gave her a USD$2 million policy for her famous set of gams.

However, one was valued at USD$200,000 less because of a childhood scar that requires both makeup and photo retouching services to cover up.

Songstress and serious businesswoman Rihanna also had a USD$1 million policy taken out on her legs back in 2007 when she was the spokeswoman for Gillette.

Men have been involved in this insurance craze as well

Recently, comedian and tabloid fixture, Nick Cannon, has become notorious for his reproductive streak, resulting in 12 children — including a pair of twins with Mariah Carey. To protect his overactive libido, Cannon recently took out a USD$10 million policy to cover his testicles — yes, you read that correctly.

“Haters say it’s time for me to stop having kids and put this super sperm to rest, but I’m doubling down on these valuable balls,” he said.

Moreover, it is reported that notable chef Gordon Ramsay reportedly insured his valuable tongue for USD$10 million should his palette become compromised.

While this remains speculative rambling for now, “taste insurance” is an actual form of coverage among some high-value chefs and tasters, such as viticulture expert, Ilja Gort, who insured his nose for USD$8 million in 2008.

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Who would even underwrite these types of insurance policies?

A celebrity isn’t visiting your average insurer in order to get their body parts insured.

Heck, your average insurer wouldn’t be able to offer such a uniquely specific policy anyways — they’d have to seek out a specialty insurer or underwriter to take on such a task.

For example, when Barbie actress, America Ferrera, was the spokeswoman for toothpaste brand Aquafresh in 2007, her smile was insured for a staggering USD$10 million. The policy came via Lloyd’s of London, an insurance and reinsurance market.

In fact, Lloyd’s once insured Betty Grables’ legs for USD$1 million back in the 1940s, proclaiming its expertise in underwriting policies for noteworthy appendages.

What do these policies cover?

The exact details about what these policies actually cover is nebulous.

Some even argue that the standard long-term disability insurance is a great option for performers who may become injured on the job.

However, it seems that these types of policies that focus on a specific body part are more suitable for headlines and canonize the desirable physical attributes of a celebrity. Call it an act of self-mythologizing.