9 Essential Insurance Coverages for a Lucky (Or Not-So-Lucky) Leprechaun

The life of a leprechaun is full of mischief, luck and an overflowing pot of gold at the end of a beautiful rainbow! However, even the luckiest of leprechauns can’t rely solely on their good luck charms to navigate the various risks faced by a typical Irish fairy — for more complete protection, acquiring a robust leprechaun insurance policy is key.

From home insurance to life insurance — and everything in between — we’ve compiled a list of the most important types of St. Patrick’s Day insurance that leprechauns need to ensure their legendary luck doesn’t run out.

On This Page

• 

  1. Gold Protection Plan

• 

  2. Rainbow Collision Insurance

• 

  3. Getaway Breakdown Coverage

• 

  4. Blarney Stone Coverage

• 

  5. Leprechaun Liability Insurance

• 

  6. Four-Leaf Clover Crop Insurance

• 

  7. Three Wishes Coverage

• 

  8. Fairy Dust Disaster Coverage

• 

  9. End-of-the-Rainbow Retirement Plan

• 

  How To Get Yourself and Your Lucky Leprechaun Covered for St. Patrick’s Day

• 

  Leprechaun Insurance FAQs

1. Gold Protection Plan

A gold protection plan is necessary to protect against the devastating loss of your most precious possession. Your pot of gold may not be fully covered by a basic homeowners insurance policy because valuables are often subject to a sublimit that is lower than the overall personal property coverage limit.^[1] As a result, unless you buy extra coverage, your insurer likely won’t pay out the entire replacement cost of your pot of gold if it is stolen or destroyed by a fire.

2. Rainbow Collision Insurance

While you may be constantly following rainbows to keep your treasures hidden from pesky humans, the high risk of experiencing a rainbow-related car accident means that you need to maintain auto insurance to cover yourself and other drivers involved in St. Patrick’s Day accidents. In particular, collision insurance is necessary to cover repairs to your own miniature vehicle after a crash.

Car accidents are more common during and after rainfall when the road is slippery — which means a rainbow in the sky could be an indicator of hazardous driving conditions.^[2]

3. Getaway Breakdown Coverage

After snatching a new coin to add to your pot of gold, the last thing you want to discover is that a defective shoe buckle is inhibiting your attempt at a speedy getaway. Fortunately, mechanical breakdown insurance can pay to fix any mode of transportation that experiences a sudden internal malfunction while you’re trying to avoid being trapped.

4. Blarney Stone Coverage

Legend has it that you can obtain the “gift of eloquence," more colloquially known as the “gift of the gab,” by kissing the Blarney Stone in Ireland, making you talkative, persuasive and charming — all useful characteristics for a leprechaun looking to draw in customers to their shoemaking business. However, without the right commercial insurance coverage, you could be on the hook for any costs that arise when a shoe shopper trips and falls in your store.

That’s where Blarney Stone insurance steps in. This insurance product provides general liability coverage to help pay for medical treatments for any imp or sprite that is injured on the premises of your business — along with legal expenses if the bodily injury claim leads to a lawsuit. With Blarney Stone coverage, you can ensure that one clumsy mishap won’t upend your cobbling business.

5. Leprechaun Liability Insurance

Leprechauns are renowned tricksters, but if too many pranks go awry, one singular leprechaun liability insurance policy may not be enough to cover the fallout. To protect yourself against lawsuits related to magical mischief, consider opting for an umbrella insurance policy. This can step in for any claims that exceed the limits of your other liability insurance policies, guaranteeing that a significant legal claim won’t put too big a dent in your pile of gold.

6. Four-Leaf Clover Crop Insurance

Farming four-leaf clovers is a great way to harness extra luck for both yourself and your customers, and crop insurance is essential to make sure pests and bad weather don’t ruin your luck. This coverage type can reimburse you if any sudden peril prevents you from harvesting a bountiful four-leaf clover crop, allowing you to maintain a steady supply of good fortune year-round.

7. Three Wishes Coverage

Every leprechaun knows the inconvenience of being captured by a human and forced to grant three wishes in order to earn back their freedom. After the arduous work of exerting your magical powers, the last thing you need is to have your escape plans interrupted by a lawsuit because you failed to grant a certain wish to your captor’s liking.

To protect against the burdensome costs of attorney fees, settlements and judgments, you need to invest in three wishes insurance. With this type of professional liability coverage, your legal expenses will be taken care of if a disgruntled human sues you upon discovering that the seemingly perfect life they wished for isn’t all it’s cracked up to be.

8. Fairy Dust Disaster Coverage

Although a handful of pixie dust can make amazing things take place, some leprechauns encounter nasty side effects, such as sneezing and coughing fits, uncontrollable levitation or temporary shrinkage. By purchasing fairy dust disaster insurance, you can secure health insurance coverage in case you need medical treatment after a mystical mishap.

9. End-of-the-Rainbow Retirement Plan

Retirement might seem like a distant thought for a young leprechaun in their early 100s, but even fairy tale creatures need to plan for their golden years with the right Medicare coverage to help pay for hospital stays, doctor visits, prescription drugs and other recurring medical expenses. Likewise, life insurance is crucial for a leprechaun with dependents.

After all, once your red hair turns white and it comes to time to hang up your green hat for good, you’ll want to do it the right way by leaving behind plenty of gold for your little ones.

How To Get Yourself and Your Lucky Leprechaun Covered for St. Patrick’s Day

Though leprechauns may be mythical, there’s nothing make-believe about the importance of insurance. From physical damage and medical payments coverage policies that can cover you and your vehicle in case of a car accident to personal liability insurance that can protect you against lawsuits in case a guest is injured during a gathering at your home, there are several types of insurance you need to have in place heading into St. Patrick’s Day this year.

For the best insurance shopping experience possible, consider using SmartFinancial. After you fill out a brief questionnaire, we’ll connect you with an insurance agent who can help you find the best and most affordable insurance policy for your circumstances. Click here to select the type of insurance you need and start comparing quotes at no charge today!