Fantasy Football Insurance???

Millions of dollars are wagered in fantasy football every year.

Last year when Tom Brady went down in the first week of the season those that spent an early draft pick on him were almost assured of finishing in the bottom half of there leagues and earning no money.

An insurance company in Long Island is offering a way to protect your players.

The idea is simple, you have to select a player off of a list of the 50 players they currently offer the policy on, pay the insurance –- roughly 10 percent of your entry fee -– and if that player misses two-thirds of the season with an injury, your policy pays off to cover your entry fee of the league.

This idea may seem ludicrous to many people but there are fantasy football leagues with entry fees that stretch into the tens of thousands of dollars, so the ability to provide some protection can be a welcome opportunity.

The policies are underwritten by Lloyd’s of London and the firm has sold close to 400 policies already and they expect business to pick up over the next week as the NFL season gets closer.


From: http://www.cnbc.com/id/32551187