TAYLOR Swift has become the latest celebrity to insure a certain famous asset for an obscene amount of money.

But in Tay Tay’s case, it’s two famous assets — those never-ending legs, for a tidy $40 million.

According to multiple sources, the Blank Space singer is planning to formally protect her prized body parts before she heads off on her global tour in May.

This may seem like a lot, considering Heidi Klum insured her own legs for just $2 million. But anyone doubting whether the 25-year-old pop star’s perfect pins are worth quite so much moolah need only check them out during her recent shopping excursion in West Hollywood.

You can’t fight genetics.

While Swift is reportedly “embarrassed” by the hefty price tag, the Grammy winner attributes much of her international success to her energetic performances, and the insurance will serve as protection against any potentially career-threatening accidents.

“It seems like a ludicrous sum, but if something was to happen to her legs, Taylor wouldn’t be able to give her signature stage performances,” a source told the National Enquirer.

“She thought her legs were possibly worth a million. But $40 million shocked her. She’s even a little embarrassed about it.”

Truth be told, if something did happen to Swift’s gorgeous gams that prevented her from performing, she needn’t worry about going broke. She already has a net worth of about $200 million, according to Forbes.

Protecting career-boosting body parts is nothing new. Celebrities have been insuring their assets for years. Bette Davis’s waist was said to be worth $28,000. Dolly Parton allegedly insured her famous 40DD chest for $587,000 back in the 1970s.

Here are some of the heftier premiums taken out by stars on their famous parts:

• Mariah Carey reportedly got a billion-dollar policy on her legs back in 2006

• Jennifer Lopez’s backside is said to be insured for $27 million

• Kylie Minogue insured her own bum for $5.9 million

• Tom Jones insured his chest hair for $7 million

• Julia Roberts reportedly insured that smile for $30 million

• Bruce Springsteen and Rod Stewart both insured their vocal chords for $6 million

• Daniel Craig insured his whole body for $9.5 million while filming Quantum of Solace because he was doing many of his own stunts

• David Beckham insured his precious legs against injury for about £100 million — yep, that’s pounds

• Our very own Merv Hughes had his trademark handlebar moustache insured for around $370,000.