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

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about our blog writer?

Read more about KayLynn's background.

Click Here

Search All Blogs

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Renters Insurance: Your Secret Weapon Against Disaster (and Burglars!)

Beyond Broken Leases: Why Renters Insurance is Your Best Friend (and How to Get a Great Deal)

Flappers, Flights & Fizzy Fridays: The Roaring Twenties You Never Knew

Dive into the 1920s beyond the speakeasies! Explore the decade’s social shifts, technological marvels, and surprising connections to modern times.

Bundle Up and Save! The Ins and Outs of Business Insurance

Unsure about business insurance? Don’t be! Learn how bundling different coverages protects your company and puts money back in your pocket.

Life Insurance Myths Busted: Unveiling the Simple Truths Behind Financial Security

Considering life insurance but confused by the myths? We clear the air on common misconceptions and show you how to get simple, affordable coverage.

Buckle Up for Savings: How Car Safety Ratings Save You Money

Crash Test Your Cash Flow: How Car Safety Ratings Impact Insurance Rates

Pool Paradise or Premium Pain? The Splashing Truth About Pool Insurance

Dive into Savings: How Pools Affect Homeowners Insurance (and How to Stay Afloat)

Lights, Camera, Action! Exploring the Real-World Locations of Your Favorite Films

Exploring the Real-World Locations of Your Favorite Films

From PJs to Productivity: Mastering the Work-From-Home Hustle

Ditch the Commute, Keep the Cash: Working From Home Hacks for Peak Performance

The Farewell Financial: Planning a Peaceful Goodbye

Beyond Goodbyes: A Guide to Navigating Funeral Costs and Life Insurance

From Death Traps to Death Beaters: How Cars Became Surprisingly Safe

Buckle Up and Breathe Easy: Unveiling the Hidden Heroes of Car Safety