She says that if anything happened to her boobs she would be unemployable for a couple of months and that would cost her at least a million dollars.
Madison was originally fairly flat chested until she had her A-cup size breasts enlarged through plastic surgery to a larger D-cup.
She gained notoriety as one of Playboy founder Hugh Hefner's girlfriends on the TV series The Girls Next Door. Madison joins a host of other stars who have been insured by Lloyd's.
Angie Everhart, Mary Hart, Betty Grable and Angie Dickinson each insured their legs with Lloyd's for a $1-million. Madison was a contestant in the TV show Dancing with the Stars until she started her own Las Vegas show.