Are You Feelin’ Lucky? Might Be Time for “Lottery Insurance”
Are You Feelin’ Lucky? Might Be Time for “Lottery Insurance”
You wouldn’t think something like the lottery could be insured, but it can be! Lotteries have become such a common form of entertainment that there are insurance packages built around them. If you love to play the lottery, it could be worth it to learn more.
Insurance Against Those Lottery Tickets
We all spend money for entertainment. But when it comes to lottery tickets, well… it can get away from you.
That’s why there’s something known as lottery insurance. Basically, you pay for lottery insurance, and then you play the lottery. As long as they’re qualified lotteries.
If you don’t win anything, you get your tickets refunded! So for a low fee, you can insure yourself against a total loss. And that’s pretty good: after all, you can’t generally get a refund for a movie ticket even if the movie was spectacularly bad.
Of course, that does mean you need to pay for the lottery insurance. And, if you’re buying so many tickets that it’s an appealing option… you might have a small problem.
Insured Lotteries vs. Uninsured Lotteries
Apart from insuring yourself, you might want to know the difference between insured lotteries and uninsured lotteries. Let’s say that a company finds out that it can’t pay out its lottery, after all. Maybe it miscalculated the tickets. Maybe it didn’t actually expect someone to win.
An insured lottery is still going to pay out, because it’s insured by an insurance company. An uninsured lottery, well… you might find yourself spending money in court to defend your lottery win, and that will defeat the purpose!
So if you’re going to play the lottery, err on the side of insured lotteries. As we all know, insurance makes everything better.
Protect Against Your Own Employees
Finally, there’s a third type of lotto insurance. Have you ever feared that your employees might win the lotto and walk off the job? It’s less unlikely than you think: it’s happened before. For employers, lotto insurance covers the cost of the entirety of your staff abruptly walking off. That includes hiring new employees, training them, and potentially experiencing some associated downtime. Remember: your employees don’t have to dislike you to dislike work.
That’s right! Now you can play the lottery… well, not safely, but semi-safely. On the other hand, if you aren’t feeling so lucky, you might want to get some insurance to protect yourself against the random chaos of the universe, instead.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Blogs
The Century-Long Rumble: The Epic Rivalry Between Ford and Chevy
Relive the classic Ford vs. Chevy rivalry, from the Model T era to the Mustang vs. Camaro showdown and today’s truck dominance.
Living Large: Peeking at the United States’ Most Outlandishly Expensive Homes
Explore the incredible world of ultra-luxury real estate with a look at some of the most expensive homes recently sold in the United States.
Curious Origins: Unraveling the Stories Behind Everyday Phrases
Uncover the surprising stories behind everyday phrases like “holy Toledo,” “crocodile tears,” “jaywalking,” and more!
The Unprotected Majority: Why Business Insurance Isn’t a Luxury, It’s a Necessity
Don’t gamble with your business! Learn why business insurance is a critical investment, not a luxury, and how affordable coverage can safeguard your future.
Declutter Your Life: Beyond the Physical to a More Streamlined Existence
Tired of clutter? Discover actionable tips to declutter not just your belongings, but also your finances and digital life for a more streamlined and stress-free life.
Decoding the Fine Print: 4 Essential Auto Insurance Terms You Need to Know
Demystify auto insurance! Understand the real meaning behind state minimums, uninsured motorist, no-fault, and full coverage to protect yourself on the road.
Apartment Living Made Easy: Essential Tips for a Smooth Move and Happy Tenancy
Moving into an apartment? Get smart with these essential tips on landlords, leases, parking, documentation, and the crucial need for renters insurance.
The Heart of the Game on Screen: Celebrating Iconic Sports Movies
Relive the magic of iconic sports movies like “Hoosiers,” “Field of Dreams,” “Brian’s Song,” and more, celebrating the unforgettable stories and moments they brought to the screen.
What’s Your Slice of the Pie? Uncovering Your True Market Share
Curious about your market share? Learn a simple method using online research to estimate your potential and understand your local market landscape.
Your Life Insurance Journey: Start Small, Dream Big, Build Security
Don’t wait for the perfect policy. Discover how starting small with life insurance is the key to building long-term financial security for your family.