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Fantasy Sports Insurance FAQs
Question: What is Fantasy Sports
Insurance?
Answer:
FSI is player disability coverage that will protect your
fantasy league investment from a “season changing” loss as a
result of an injury to a key player(s) This insurance policy
will allow you to re-coup the cost of your league
investment and continue with your season, lessening
the disappointment and aggravation of losing your top fantasy
player(s).
Question: What are the benefits of
purchasing this coverage?
Answer:
NFL, MLB, NHL and MBA team owners purchase disability coverage
on their KEY PLAYERS. Why shouldn’t you. FSI will not only
increase your competitiveness, but also gives you piece of mind
knowing that your investment of both TIME and MONEY in building
your team is secure. FSI will increase the level of involvement
and interest in your fantasy league.
If a devastating loss occurs…all
is not lost!
Question: What are my options for
coverage?
Answer:
FSI will offer three coverage options:
1)One key player misses 10 out of the first 15 NFL regular season
games - due to injury
2)One key player misses 8 out of the first 12 NFL regular season
games - due to injury
3)Three key players miss a combined total 18 out of the fist 15
NFL regular season games – due to injury
Question: Is FSI a really insurance?
Answer:
Absolutely!
FSI is a fantasy Sports Disability Insurance policy* ;
underwritten by an A rated national insurance company, who specializes in
sports disability insurance for NFL, NHL and NBA players and team owners.
Question: How much coverage can I buy?
Answer:
FSI is designed to reimburse you for ALL of your
expenditures associated with fielding your fantasy team.
YOU set the amount of insurance you want to purchase.
Expenses normally include the investment you made to join your
league, on-line statistical data services, periodicals,
publications and all other expenditures…
Question: What players will be eligible for FSI?
Answer:
FSI will compile an eligible player list of the TOP 50 pre-season ranked fantasy players.
This list will be generated by collecting pre-season rankings form the top fantasy sport
platforms.
Question: How much will FSI cost?
Answer:
Your cost for FSI will be based upon the amount of coverage you choose.
Total cost will be calculated at a 10% rate of the insured value, plus fees.
For example: If you choose to insure ONE player
for $200 - based on a 10% per $100 insured - your FSI cost will
be $20.
Question: Will FSI offer different rates for different players?
Answer:
NO – FSI will take into consideration each individual player’s injury history,
injury frequency and severity, to determine their eligibility for coverage.
All eligible players will be covered at the same pre-determined rate.
Question: Why is FSI based on 15 games,
when there are 16 regular season games?
Answer:
The NFL regular season consists of 16 regular season games. The
majority of fantasy leagues, however, only use the first 15
games of the NFL regular season to determine their league
champion.
Question: What will I receive as proof of
coverage purchased?
Answer:
Upon your purchase of FSI, you will receive a certificate of insurance,
outlining all the details of your coverage. The information will include name of
covered player(s), policy limits, payment triggers, premium amount, and payout details.
Question: How and when do I get paid?
Answer:
Payment will be sent via certified check within 30 days of the conclusion of
the NFL regular season.
Question: How will I know if a missed game
by my covered player qualifies for the FSI?
Answer:
FSI will maintain a player status page on our site, showing all
eligible players and their injured/played status for each
respective game. Data will be taken from the Official NFL Game
Book report.
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