Finding the proper insurance for your spending spree may prove difficult

Luxury items motivate some of us to work hard, in the hope that we'll be able to purchase the expensive merchandise one day, and they could be the reason some lottery winners end up broke a few years after buying their winning tickets.

If you find yourself in a position to own one or all of these luxury items, just keep in mind that costs of these goods continue even after the initial purchase. No matter how you end up with the wealth to buy any one of these products, you'll want to protect your high-end merchandise with insurance. Whether you're the agent or the policyholder, hard-to-insure luxury goods presents a number of insurance challenges.

1. Seabreacher X

The Seabreacher X makes for a pretty cool over-water/underwater vehicle. The submersible watercraft looks like a giant stainless steel shark bolting up out of the water. The watercraft can reach speeds of 50 mph on top of the water, and when this sweet submersible dips beneath the surface, it is capable of travel speeds of 25 mph.

The Seabeacher X allows two people to enjoy the deep blue sea without making compromises to comfort and features an onboard stereo system with an iPod dock and front and rear LCD screens that display live video from snorkel-mounted cameras.

But buying insurance for one of these babies may be another story. While it boasts a variety of safety features such as Coast Guard-approved inspection, on-board fire extinguisher and carbon monoxide filter, you may have to call several agents before you are able to find the proper insurance policy for this multi-purpose watercraft. And with a $100,000 price tag, the cost of insurance is probably hefty.

2. 1966 Batmobile Replica

The classic 1960s Batman television series was a pop culture phenomenon while it was on the air. If you need any proof of that, just look to the current 1966 Batmobile Replica craze. Television and auto enthusiasts across the country are flipping for this ride, which features all of the great features from the Adam West-Burt Ward comedy classic, including double-bubble windshields, aluminum roll-top dashboard and flashing beacon light.

But while you're busy chasing down The Joker, The Riddler, The Penguin and Catwoman in your new vehicle, your insurance agent will be trying to figure out how to insure a $150,000 vehicle that includes a flame thrower!

3. The Dalmore Trinitas

Dalmore Trinitas whiskey had better taste like a little slice of whisky heaven. In 2010, one bottle of this exceptionally priced liquor fetched £100,000 – about $160,000. The whiskey, bought from the Dalmore distillery in the Cromarty Firth region of Scotland, was estimated to be 64-years-old. This whiskey is so rare that only three bottles were made.

If you've got enough moxie to drop $160,000 on a liquor purchase, then you should probably have the good sense to insure it. However, buying an insurance policy for a bottle of fancy hooch may be easier said than done. Nevertheless, insurance agents should be prepared to provide insurance quotes for more bottles of this high-end whiskey because Dalmore says that some of its remaining Trinitas has been maturing for more than 140 years!

4. Jetlev Flyer

In the early 20th Century, the idea of man flying around via jet-pack was something confined to such science fiction characters as Commando Cody or The Rocketeer. But we live in a new era, where science-fiction seems to be becoming reality. Case in point, the JetLev Flyer is already commanding about $170,000 in the U.K. It allows those who dare to strap these devices to their backs and motor along the water at around 22 mph from about three stories up in the air. Sounds cool, but with safety hazards galore and an über-high price tag, you'll probably have an easier time insuring an airplane.

5. 2013 Lotus Esprit

If this amazing vehicle looks familiar to you, it's probably because "The Spy Who Loved Me" is one of your favorite James Bond movies. It's the first model to premier since 2004; the year the Esprit was discontinued. The sports car has been tested at 0-62 mph in just 3.4 seconds, and reaches a top speed of 205 mph.

Your insurance agent will probably thank you for placing this car on your policy, but you may not be as enthused when you receive your car insurance quote. Unless you go by "007," the $174,000 price tag and the high speeds the car is capable of reaching make this phenomenal luxury vehicle one that few can afford.

6. Eurocopter Mercedes-Benz EC145 Helicopter

Even if you have the money to buy the Eurocopter Mercedes-Benz EC145, you may not enjoy the premium for this $1,000,000-plus aircraft. However, as the proud owner of one of these luxurious helicopters, you'll take pleasure in the hardwood floors, plush and versatile seating, ambient lighting and DVD player with 15-inch monitors. Just make sure that you're strapped in for the ride -- helicopters aren't quite as accommodating as jetliners.

7. Porsche Design Advent Calendar

Yet another product that has a price tag that's in excess of $1,000,000, this brushed aluminum box stands about two meters high. Owners of this "calendar" also receive 18-karat gold sunglasses, high-quality writing utensils, Bounce:S² running shoes, French classic luggage, as well as other expensive goodies that fit inside the various cubbies.

With only five in existence, we realize that very few will be lucky enough to acquire a Porsche Design Advent Calendar. If you are able to acquire one, you should speak with an insurance agent about increasing the liability limits on their home insurance policy immediately. In order to ensure your over-the-top calendar is covered, you may need to purchase an additional "floater" policy on top of your current homeowners insurance.

8. Futuria SportSpa Caravan

It's big, it has one bedroom and one bathroom, and it boasts a sports car garage. As if that wasn't enough, the opulent Futuria SportSpa Caravan also comes with a Jacuzzi, rooftop terrace and its own armament of luxury leather furniture. This home on wheels will take you wherever you need to go, whether that's a short vacation or a permanent road trip. The luxurious mobile quarters will cost you a cool $840,000. Given the price tag and the unique features of this home-automobile hybrid, you'll want to make sure you've got the proper insurance. This is definitely an item that will put a smile on your face, but it will also continue to put a dent in your pocketbook with insurance premiums.