25. Kidnapping Insurance
As the saying goes, “More money, more problems.” Here on HomeAddict, we already had a collection of stories people shared about home break-ins. In one story, the thieves broke into the house and left just a few minutes later. She was so broke, there was nothing worth stealing! As you can imagine, when you become rich, you start to experience the opposite problem. If people know that you’re wealthy, they are more likely to try taking advantage of you.
When you’re a multi-millionaire or billionaire who becomes well known in the public eye, it puts a target on your back. This is especially true when you start to have children. That’s why the will pay for kidnapping insurance. As the name suggests, this is an insurance plan that is put in place just in case someone gets kidnapped. This will cover the ransom that the kidnappers demand, instead of it dipping into your personal finances.