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Porn star insures most valuable asset

Celebrities have been known to insure their most identifiable body parts, but does it make financial sense?

By Karen Datko Jan 30, 2012 4:47PM

The list of weird celebrity insurance policies gets longer by the month, it seems. Now a British porn star has insured his -- well, it's not the family jewels, but it's close -- for $1 million with Lloyd's of London.

 

"For insurance companies guaranteeing celebrity body parts for sky-high sums of money, the risk is high," says a story about them on MSN Money. But sometimes we wonder. These reports never seem to identify how much the insurance premiums cost. Meanwhile, the publicity for the celebrity and the insurer, quite often Lloyd's of London, is priceless.

  

Let's take the example of said porn star. It's unclear what exactly Keiran Lee's policy covers -- on-the-job injuries? -- but he told Xbiz, a news site for the porn industry, that the only way the policy wouldn't pay would be "if I was to lose it."

 

This next part from the article is telling: "The native of Derby, England, who now resides in Los Angeles, said that the idea for the policy was conceived by Kate Miller, the manager of communications and marketing for Manwin, the parent company of Brazzers," which employs Lee and, we suspect, would be the beneficiary. (Emphasis added.) Post continues below.

(While Lee seems to think he's the first to insure that particular anatomical part, Bankrate.com once said that a "British male stripper named Frankie Jakeman insured his penis for $1.6 million.")

 

Sometimes the risk that the insurer will have to pay out seems even more unlikely. When Head & Shoulders shampoo insured spokesman Troy Polamalu's gorgeous head of hair for $1 million with Lloyd's of London, the Pittsburgh Post-Gazette reported the details regarding the Steelers safety:

The defensive star would have to lose at least 60% of his hair to be compensated. Granted, he has a lot of hair to begin with -- reports indicate Mr. Polamalu hasn't had a haircut in more than seven years -- but that still would be a pretty major makeover.
Mr. Polamalu's hair is insured against on-field events only.
Hair loss or damage cannot be from natural causes. Hair torn out or being set on fire? Yes, of course one wonders how that might occur on the field.

See? It's great publicity for Head & Shoulders, Troy, and Lloyd's of London.

 

According to the MSN Money article, "Insiders speculate that insuring body parts is a way for a company to get media attention for a celebrity or ignite attention for a brand -- and to increase the overall dollar value of a highly profitable star."

 

And what lessons may be found here for the rest of us? Insure against possible events that could leave you or your family exposed to financial catastrophe should they occur. Another MSN Money article says: "Most people need to be concerned with insuring four areas: their possessions, their life, their health and their finances" -- not individual body parts, no matter how spectacular you think they are.

 

More on MSN Money:

27Comments
Feb 2, 2012 12:07PM
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how would he collect if the evidence wont stand up in court?Smile
Feb 1, 2012 1:38PM
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Were one to insure a valuable 18th century English highboy, there would pictures of the piece taken from every possible angle, including picutures with the drawers both open and closed. I wonder if the same practice will be followed in this case. 
Feb 1, 2012 2:18PM
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Well, that's one policy that I won't have to buy.  Just ask my ex-wife. Sad
Feb 1, 2012 2:12PM
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I have one of these policies, it's called: Members Only.
Feb 1, 2012 1:41PM
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I wish I had enough money to waste on crap like this. I guess I wish I had junk more famous then myself, too.

 

Well, as long as I'm rubbin the magic lamp, can I have 3 more wishes?

Feb 1, 2012 4:32PM
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Hey man! He's insuring his future. He may have a long hard career.
Feb 1, 2012 1:42PM
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So the porn star in question is a dude????????  WTF!!!! Who cares about male porn stars???
Feb 1, 2012 10:43PM
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It's the "tool" of his trade, isn't it?
Feb 2, 2012 9:37AM
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MSN Editor(s),

 

The Federal Reserve, banks, a corrupt Congress, regulatory and reporting agencies continue to plunge this country's middle class into failure while concurrently making the rich even richer...yet THIS is the article you choose to publish within the money section?!?

 

Do the American public a favor...go to Zero Hedge, find ANY number of fact based and APPROPRIATE subjects posted daily and post them.

 

To say this article about "porn stars" is irrelevant to the American public is an understatement and frankly is the the type of "journalism" that is giving you the reputation of a shill and corporate media outlet bought and paid for by corporate America and ONLY concerned about the bottom line rather than "real news".

Feb 1, 2012 7:16PM
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IS IT WORTH EVERY INCH???????CALL KIM K. ....

Feb 1, 2012 9:43PM
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 Mine's insured too. If it ever grows over 4", they pay me a mil.

 I'm up to (no pun intended there ... really) 7 Viagras & 4 Cialis per day, + 2 sessions of porn for 2.5 hours each. So far just hadn't managed that extra "Magical Millimeter".

 But I'm drinking lots of milk (that "for the growing boy" thing), so I'm 100% optimistic that I'll be a millionaire soon.

Feb 1, 2012 4:31PM
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Kind of a lot for what is usually treated as a prop.
Feb 2, 2012 10:58AM
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Tickling with a feather is erotic-using the whole chicken is pornographic.
Feb 1, 2012 2:35PM
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Ok, let's see. That's about $100,000 per inch (if he's lucky). And if he ever gets broke, he could get circumcised.....
Feb 2, 2012 3:43PM
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good for him but who really gives a crap.
Feb 2, 2012 10:01AM
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Most Porn stars have a short lived acting careers for any number of reasons and to insure body parts that are most visible to make their careers only makes sense.  For a Porn star there is always someone they comes along in this industry that is better looking and knows how to give the public what they want to see. Very few Porn stars that were making movies in their 20's are still around in their late 30's. Only the best survive in this industry ! ! !
Feb 1, 2012 1:55PM
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Why? These people are being suckered by insurances salesmen!

Feb 1, 2012 10:37PM
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I suppose if "it" is your livelyhood, then... protect it.

But really... bwah ha ha ha ha ha Tongue out

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