Fantasy Sports Insurance Is Completely Genius
I want to high-five everyone involved with the story. I want to high-five its writer, Nando Di Fino. I want to high-five Wall Street Journal sports editor Sam Walker. I want to high-five Rupert Murdoch. And I especially want to high-five the people really responsible for bring this genius into my life, Anthony Giaccone and Henry Olszewski, who have come up with a concept for fantasy football owners so brilliantly simple it’s shocking it hasn’t been thought of yet.
Fantasy. Football. Insurance. Here’s how it works:
Before the first weekend of the NFL season, the fantasy owner selects the player he wishes to insure — let’s say it’s his top pick, Peyton Manning of Indianapolis. He then enters his league entry fee ($250 for this scenario, though FSI offers claims up to $1,000), transaction fees ($0), and money spent on additional expenses, like magazines and online subscriptions ($15).
FSI then determines the cost of the policy based on those numbers, with every top-50 player — from the chronically-injured Steven Jackson of the St. Louis Rams to the Atlanta Falcons’ relatively sturdy Michael Turner. In this case, insuring Mr. Manning for a 15-game fantasy season would cost $29.87. For just under $30, an owner who loses Mr. Manning to injury for 10 of his 15 fantasy games would recoup the entire $265 he spent on his fantasy team from FSI. And he could still replace the star quarterback with a waiver-wire pickup and salvage the season anyway. Mr. Olszewski, for example, replaced Mr. Brady with Matt Cassell and finished fourth in his league.
And that’s it. When I draft Adrian Peterson No. 1 overall in my Iowa league this year, I could plunk down an extra $10 or $15 and, if Peterson suffers some sort of horrific season-ending injury, completely recoop my $100 league entry fee. This is lovely and amazing, and I will probably do it. If only health insurance were this awesome.
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