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
From Ford’s Innovation to Today’s Marvel: Unveiling the Secrets of Modern Car Production
Beyond the assembly line: Discover the surprising speed, customization, and quality checks involved in modern car manufacturing.
Beyond Pizza and Promises: Recognizing When It’s Time to Hire Professional Movers
Time to call the pros? Learn when pizza and beer just won’t cut it for your next move.
Mapping Our Roots: Uncovering the Stories Behind American City Names
City names revealed! Discover the historical, religious, and geographical influences behind the monikers of American cities.
The Agile Approach: Why Short, Focused Plans Are Overtaking the Mammoth Business Blueprint
Ditch the doorstop plan! Discover why concise, adaptable strategies are the new gold standard for business success.
Embracing Tomorrow: The Practical Power of Planning for Life’s Only Certainty
Face the future with confidence: Understand how planning for life’s only certainty with life insurance can provide lasting security.
Steering Your Savings: Taking Control of Your Car Insurance Rates
You’re in the driver’s seat! Learn how your credit, driving habits, vehicle choice, and smart shopping can lower your car insurance costs.
Underfoot Upgrade: Transforming Your Garage Floor from Forgotten to Fantastic
Don’t ignore your garage floor! Discover easy and impactful ways to upgrade this often-neglected area of your home.
Unwrapping the Wiener: A Deep Dive into the History and Lore of the Hot Dog
Beyond the bun: Discover the surprising history, varieties, and enduring appeal of America’s favorite tubular treat.
The Untapped Power of Collaboration: Why Asking for Help Fuels Business Success
Stop going it alone! Discover how leveraging the expertise of others can relieve pressure and drive your business forward.
Navigating the Grandparenting Journey: Understanding Today’s Families
Grandparenting today: Learn key shifts in family dynamics to build stronger connections with your children and grandchildren.