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In the past few months I have injured my hands 4 times since I started playing basketball. One break was particularly bad and I wasn't able to use that hand for programming. This slowed down my work during the period that I was healing.

I also get some enjoyment out of playing an instrument and I wasn't able to play during that period either.

I've heard stories of people insuring certain body parts, but I don't know a lot about it.

How difficult will it be to insure my hands?

Is it a common thing to insure a specific body part?

(I should mention that I already have regular health insurance & it paid for the break that I had a little while ago.)

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    Check out technosports.co.in/2020/06/06/… – MonkeyZeus Apr 29 at 15:25
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    "...I have injured my hands 4 times since I started playing basketball". Perhaps instead of seeking insurance, you should consider this as a clue that basketball is not your sport? – jamesqf Apr 29 at 16:00
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    @jamesqf or get some training? 4 injuries in a few months == you're doing something wrong and should seek a more experienced person to train you how not to be injured. Basketball is a fun sport, but any sport that routinely has injuries will become un-fun rather quickly and prompt you to stop participating. – SnakeDoc Apr 29 at 22:24
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    @Jerome Keep at it! It's wonderful exercise that doesn't feel like exercise, if you know what I mean. Just figure out a way not to get injured so much, that's no fun at all! – SnakeDoc Apr 29 at 23:17
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    The insurer is going to tell you to stop playing basketball to get coverage. Can't get coverage for known threats. – Harper - Reinstate Monica Apr 30 at 3:38
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You can get insurance for most anything, individual body parts included.

It's not particularly difficult, but you may find the bill disagreeable. The more specialized your coverage the smaller the underwriting market and therefore the higher the premiums relative to coverage.

With all insurance it's important to pay attention to the terms of the coverage. If going for very specific coverage this is even more important. Are wrists included in your hands-only coverage? What happens if you dislocate your shoulder? How long do you have to be affected before they pay out?

Unless you are a very highly paid athlete/musician/actor then specialized body-part coverage is likely not worthwhile to you.

A far more common approach is to carry disability insurance that will cover lost wages if you are unable to work. Often disability coverage is focused on either short-term or long-term disability (can't work for a month due to broken bone, vs can't work ever again due to something worse), having coverage for both is likely wise.

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  • AFLAC-style insurance could also help the asker. – Todd Wilcox May 1 at 0:22
  • It's worth noting that Keith Richards (Rolling Stones guitarist) had his hands (and possibly just a particular finger; details are hard to find) insured for a major concert tour. – John Churchill May 1 at 23:32
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For limb insurance on models, celebrities, professional musicians, and the like Lloyds of London famously will insure a limb or part of a public persona with a bespoke policy.

For more commodity coverage, I recall the macabre joy of my elementary school cohort, on receiving an insurance sales flyer at the beginning of every school year year, noting which extremities were worth more from an accidental dismemberment; or marveling as the payouts increased from $2000 to $5000 for a lost limb or eye. In any case, Accidental Death and Dismemberment policies are fairly widespread. My employer includes AD&D coverage at no cost to me in my benefits.

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    Though Lloyds of London are famously associated with insuring, well, the famous, even ordinary people can get coverage from them. I was once involved in a small local charity golf tournament, and we had the idea to offer the prize of a free auto to anyone who got a hole-in-one on a particular hole. Well, they sent an agent who looked at the difficulty of the hole, asked about the # of golfers and their skill level, the price of the car, did some calculations and gave us a quote. We paid that price and Lloyds would have paid for the car, but nobody got a hole-in-one, Lloyds usually wins. – Glen Yates Apr 29 at 15:39
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    If they didn't usually win, they'd cease to exist quickly, which would be a lose-lose situation for everybody, – Guntram Blohm Apr 29 at 19:58
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    @nick012000 Why would they need to buy the car if no one won it? As with most insurance, the general point is to spend a moderate amount in premiums that you can afford to avoid getting stuck with a huge bill in the case of a tragedy (e.g. thousands of dollars/year in medical insurance to avoid hundreds of thousands to pay for cancer treatment, a transplant, heart surgery, etc.). Meanwhile the insurance company has safety in numbers -- only a small fraction of customers need big payouts. – Barmar Apr 30 at 13:47
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    Using an insurance company for prizes also provides a secondary advantage: It ensures that the competition operator wants the participants to win (because winning gives good PR but costs nothing). Being able to honestly say "we want you to win!" is better from a morale perspective, a PR perspective, and a fairness perspective. – Brian Apr 30 at 13:56
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    @GuntramBlohm: I'm convinced that you can insure a 75% likely event at Lloyds, as long as you're willing to pay the premium. That will obviously cost a fair bit above 75% of the insured value. – MSalters Apr 30 at 14:55

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