Player Insurance -- Have You Tried It? (1 Viewer)

[PennState-JD]

Last year, I head a radio interview on the Lance McAlister show in Cincy with a guy who started a firm that sells insurance for FF players. The concept is simple -- you can take out policies for guys on your team/s that would kill your team's hopes if they had a season ending injury.

I didn't think much of it at the time as it seemed to be more of a gambling thing with guys looking at injuries like the futures market (e.g., Pennington is highly likely to get hurt again and his cost is low, so I'll roll the dice). After a season where I lost Deuce and Priest in 2 of 4 leagues and Bulger in 3 of 4, I am re-thinking it. Assuming you are confident you have a good shot at winning your league (you wouldn't be here if you didn't), could this at least recoup league costs should disaster strike with the downside being lower earnings if everyone stays healthy?

Has anyone done this before and if so, do you recall the name of the company? I can't remember the guys name or web site. Also, if you did, was the payout actually sent?

 

[CFSize24]

Here is the site but I didnt use it and have no idea if they actually paid out. I was suprised as I thought that this would be a dead link so the fact that it is still up leads me to think there is a slight chance that it is legit.

http://fantasyplayerprotection.com/

 

[Bri]

No plans to use it.

Might be interesting to see their odds ranked tho

 

[Frank Black]

Last year, I head a radio interview on the Lance McAlister show in Cincy with a guy who started a firm that sells insurance for FF players.  The concept is simple -- you can take out policies for guys on your team/s that would kill your team's hopes if they had a season ending injury.

I didn't think much of it at the time as it seemed to be more of a gambling thing with guys looking at injuries like the futures market (e.g., Pennington is highly likely to get hurt again and his cost is low, so I'll roll the dice).  After a season where I lost Deuce and Priest in 2 of 4 leagues and Bulger in 3 of 4, I am re-thinking it.  Assuming you are confident you have a good shot at winning your league (you wouldn't be here if you didn't), could this at least recoup league costs should disaster strike with the downside being lower earnings if everyone stays healthy?

Has anyone done this before and if so, do you recall the name of the company?  I can't remember the guys name or web site.  Also, if you did, was the payout actually sent?

I'm going to give you a different take on this. I am an attorney in my State's Attorney General Office. One of my duties is the civil prosecution of insurance companies. Without going into a lot of detail, I'll say that it is highly likley that such a form of insurance is unauthorized, unlicensed, and unlawful in your state, unless it is provided by a lawful entity such as Lloyds of London. So I have my doubts about whether they duly honor the policyholder claims. It still surprises me how many insurance companies appear to be legit in all respects, but are in fact bogus under the law.

 

[radballs]

Why would you want to pay someone more than the expected value of the player getting hurt?

 

[Z-Dog]

Never buy insurance for a loss you can afford yourself - it's a waste of money. And besides, that site has spelling errors and sounds awkward. Whether they pay or not, they don't feel very legit.

 

[FUBAR]

Never buy insurance for a loss you can afford yourself - it's a waste of money. And besides, that site has spelling errors and sounds awkward. Whether they pay or not, they don't feel very legit.

if you're a gambler, there's worse things to bet on, if it were legit.