Editor's note: Matt Zollner is marketing manager for Arizona at Central Mutual Insurance Company
Well, I have officially been in the insurance business too long! While most people enter the holiday season excited about time off with family, tasty holiday meals and gifts under the tree, I find myself pondering the question, “What if Santa Claus needed to buy insurance?”
Not only that, but what kind of insurance would he need, and for that matter would he even qualify?
Right off the bat, Santa's house and workshop are located in a protection class 10. In general terms, this means there would be no responding fire department in the event of a fire at his dwelling or workshop.
While Santa would need property-insurance protection, he would find himself limited to high-risk property markets that may struggle to establish an accurate value for his home and business property. He also doesn't need a personal-auto policy as his only vehicle – his sleigh – is for business use (this is, however, a commercial-auto exposure, which I will address later).
What's left? Maybe life insurance? I'm pretty sure Santa would have a tough time finding coverage based simply on his age and, not to be rude, he would also be a few pounds over the maximum acceptable weight.
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