Insurance policy that covers several remote risks and is bought generally where legal remedies to a loss are slow, uncertain or non existence.
The risk includes miscellaneous loss i.e. Kidnap and ransom ,Extended warranties ,Contract frustration ,Bad weather Loss of market value . And Sports Contingency Insurance covers
Prize Indemnity ( golf 'hole in one', bowling 'perfect ten pin scores' etc.) and Player Bonus ( i.e. win a gold medal, break a world record etc.).
