Tuesday, December 19, 2006
Insurance
David Beckham has taken out the biggest personal insurance policy in sporting history. The mind-blowing new £100 million deal effectively doubles the value of his previous liability and is understood to be rivalled only by a handful of leading figures from the American entertainment industry.
Mariah Carey and Jennifer Lopez, the singer-actresses, are said to have insured their bodies for $1 billion each in recent years, although the actual sums are thought to be much closer to the cost of Beckham’s cover.
Beckham’s insurance policy — unprecedented in Britain — is so large that the costs have been spread over several companies, although one main insurer is understood to have borne the brunt. The cost of the total premium is a closely guarded secret, but even Beckham’s extra payments just to increase his cover are believed to run into many hundreds of thousands.
Mariah Carey and Jennifer Lopez, the singer-actresses, are said to have insured their bodies for $1 billion each in recent years, although the actual sums are thought to be much closer to the cost of Beckham’s cover.
Beckham’s insurance policy — unprecedented in Britain — is so large that the costs have been spread over several companies, although one main insurer is understood to have borne the brunt. The cost of the total premium is a closely guarded secret, but even Beckham’s extra payments just to increase his cover are believed to run into many hundreds of thousands.
