I'll bet that policy is interesting!
Nicholas Springer
Powered by 8-9 magical reindeer and capable of probable warp speed, all while transporting billions of presents, Santa’s Sleigh is a wonder of modern Imagineering.
As an insurance agent, my mind obviously tangents to the Sleigh’s insurance policy. Obviously.
What happens if the sleigh hits something? Gets stolen? Or just needs a tow. I’ll bet the insurance policy for that beast of a ride is pretty amazing, at least to an insurance agent it is!
How about this hypothetical: Maybe Santa is coming in a bit low and clips the edge of a roof and damages one of the sleds?
So collision would pay for the sleigh’s repairs, but what about the roof that was damaged? That’s liability - I wonder what the minimum limits are at the north pole? I’m guessing he has really high limits though… I‘ll bet he has a huge umbrella policy because he seems like a very prudent sleigh driver.
Another hypothetical: Santa comes back up the chimney only to notice the sleigh is gone!
Theft can be covered under Comprehensive or comp for short. Did you know that rental can pay for a substitute sleigh while the North Pole police try to find the Sleigh, at least up until the 30th day because that’s when the Insurance company deems it a total loss and the Actual Cash Value of the sleigh get paid to Santa.
My brain hurts trying to think about that situation… rental for a sleigh on Christmas eve? I don’t think Enterprise stocks those.
What about the toys?
Unfortunately, they are not going to be insured on the sleigh’s policy. Santa would have had to have had a separate policy for the cargo.I wonder who insures Santa? We represent lots of well-known companies and none of them do.. or at least they aren’t telling us…
