Obama to Get Crocodile Insurance A gift from the fine people of Australia By Kate Seamons, Newser Staff Posted Nov 16, 2011 8:37 AM CST 10 comments Comments U.S. President Barack Obama speaks at a parliamentary dinner in Canberra, Australia, Wednesday, Nov. 16, 2011. (AP Photo/Charles Dharapak) (Newser) – Barack Obama will soon be free to wrestle alligators with peace of mind: Should tragedy befall him, Michelle and the girls will be provided for, by way of a $51,000 insurance payout. The new insurance policy—which covers crocodile attacks—will be presented to him tomorrow on his visit to Australia's Northern Territory reports the AP. "We've got the crocodile insurance ready to go for Michelle and the kids—50 grand if the president does get taken," says the chief minister of the territory, which is home to the country's biggest crocodile population. "We don't think that's going to happen, but it should provide a little bit of reassurance."