With the first official NFL Football game underneath our belts, the start of a new NFL season is now going to be the center of our TV rooms every Sunday. For those of you who were lucky enough to draft Marshawn Lynch on your fantasy football team, your team had a head start going into opening weekend.
What started out as something for people to just have fun following NFL Football has now turned into something far more serious than ever expected. In fact, some people are questioning whether the new NFL rules enacted this year have something to do with the big business of fantasy football, in which the grand prize is $100,000 or more in some leagues. The big question is 'do you need fantasy sports insurance'?
As people who deal with all types of insurance in our business, it's pretty amazing to think that there could be such a thing as fantasy sports insurance (FSI). However, in one of the leagues you can buy FSI as follows:
- Designate one player who is on your team and on the Top 100 list provided by FantasySportsInsurance.com for your insurance policy. If that player misses at least 9 full games on the disabled list due to an injury in 2014, you will receive a payment from fantasysportsinsurance.com from $200 to $320 depending on the NFFC league you are playing in at that time.
Last year you would have been paid on Reggie Wayne or Randall Cobb and who knows what it might mean for a guy like Wes Welker this year who is going to miss the first four games already. But, if you thought fantasy football isn't big business then think again as these types of insurance policies are sure to continue to grow.
Written by: Ted Jenkin
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