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Chinese Insurers Provide Protection Against Some Pretty Unusual Events


Rowdy Children, Soccer Hooligans, Awkward Honeymoons


Business Insurance has reported on some very odd insurance coverages available from Chinese insurers.


Concerned about damages that your unruly infant might cause in the proverbial China Shop? Well, for a mere forty-four yuan (about $7), People's Insurance Company will cover losses caused by the "mischievous and destructive behavior" of your darling child over a twelve month period, with a payout limit of 100,000 yuan (about $16,270).


ZhongAn Insurance underwrote the risk that you might be attacked by drunken soccer hooligans during the World Cup festivities. And until recently the Ping An Insurance Group offered "Accidental Pregnancy before Honeymoon" coverage.


Even foreign insurers have gotten into the mix. Germany's Allianz S.E. teamed up with China's Taobao Insurance to insure that you properly enjoyed this year's Mid-Autumn Moon Festival. If bad weather obstructed your view of the full moon - and so ruined the holiday for you - you could receive between 50 and 188 yuan ($8 to $31).


But not everything that the imaginative Chinese insurance industry dreams up will fly. The China Insurance Regulatory Commission denied permission to issue policies that would pay out if the smog index exceeded a certain level. Perhaps that was considered too much of a sure thing.


We cannot help you if your insurance needs run to badly behaved children or cloudy weather during popular festivals -- although we do sympathize. But for all your standard personal or business and commercial insurance needs: health, property, liability, auto, motorcycle, boat, earthquake, fire, homeowner, rental, life, workers comp, group health and business interruption insurance, contact Alex Pfeifer at Pfeifer Insurance Brokers, at 650-762-8070 or alex@pfeiferins.com. We take your insurance seriously.

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