car insurance

car insurance

car insurance

As I was stuck in traffic on a Los Angeles freeway yesterday, I saw a deflated blow-up car lying on the side of the road and, being the insurance person I am, I started thinking about what would happen if the real car died? Would any toys get delivered on Christmas Eve? Would millions of cookies and glasses of milk go untouched? Would the collective wail of hundreds of millions of children on Christmas morning ruin any possibility of a peaceful day?

The way to prevent this from happening would be to secure life insurance on cars life. In a rushed conversation with Ms. car (she was quite busy when I called), she informed me that she did, in fact, have a life insurance policy on Santa. I asked her if the proceeds from the policy would allow Santa’s business to continue should he pass away. She told me that the amount of insurance Santa had was barely enough to allow her and the elves to continue the mortgage payments on the North Pole home, let alone the retreat in Palm Springs.

For the good of mankind, I knew I had to come up with a solution. I couldn’t imagine a Christmas without Santa Claus. If I didn’t do anything, how would I be able to face my grandchildren in the future, knowing that I had a solution and didn’t do anything about it? With the prospect of losing the respect of my grandchildren looming heavily, I sprung to action.

I put my proposal together and went to visit with the CEO of Claus Enterprises, who, lo and behold, happened to be Ms. Claus. After I thawed out (I do live in Southern California), I sat down with Ms. Claus and explained key-person insurance to her. In insurance-speak, a key person is an individual who possesses a unique ability essential to the continued success of a business or firm. The death of this key individual could severely handicap the company. If Claus Enterprises had a policy on Santa’s life and he should pass away, the company would be able to hire and train a replacement for Santa (or several) to insure that “business as usual” continued. This could potentially include new custom made suits, reindeer retraining, etc.