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Jun20
Is There Insurance For The World Cup Trophy?
If you are not a rabid soccer/football/futbol fan then you might not be familiar with the omnipresent World Cup trophy.  This 36cm, 18 carat gold trophy is the most sought after trophy in the world of sports and apparently covered by insurance according to an article on Lloyds of London website. 

A FIFA press spokesman Andreas Herren said, “Like every part of the tournament, the insurance for the trophy is important and it is covered. However the cost of the trophy is really immeasurable.” 

The trophy has actually been stolen twice, once in Brazil and once in England where it was retrieved by a dog with the now famous name, Pickles.  Even if you are the triumphant winner of the World Cup you do not get to take the trophy home, it stays with FIFA but the ganadores do receive a gold-plated replica to keep.


The insurance coverage for the trophy is not a simple calculation according to Daniel Smith, director with broker Aon’s Specie and Fine Art Division, “While the cost of a replacement for the trophy can be insured, an additional sum may be insured that is offered as a reward for its safe return and the conviction of those who had taken it.”

Regardless of the actual value of the trophy the act of winning the World Cup and hoisting the trophy above your head for your country and all to see is priceless. 
  

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» 2006 World Cup Scores Big For Know More Media from Know More Media
Know More Media has been having a field day with the 2006 World Cup, now underway in Germany.  Many of our writers have slide-tackled the Cup from their particular business viewpoints in a team effort to show our sporting side... [Read More]

Goes to show you can insure (and steal) just about anything.

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