Even the most powerful man in the world can benefit from insurance, though Barack Obama's latest policy was particularly unusual.
While visiting Australia, the US President received a £6.40 gift from the Chief Minister of the Northern Territory: a crocodile insurance policy. In the unlikely event that Obama was attacked and eaten by a crocodile, the policy would have paid out around $30,000 to his wife and children. Fortunately that didn't happen and the policy certificate will now reside in the Presidential library.
Obama told a gathering of US and Australian troops that "I have to admit when we reformed health care in America, crocodile insurance is one thing we left out."
On average only one or two people a year are killed each year in Australia by crocodiles, which can grow up to five metres long.
