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Do You Need Fantasy Football Insurance?


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September 10, 2023

Fantasy football is more than just a hobby; it's a passion for many. As you gear up for another season of touchdowns, field goals, and heart-stopping moments, the question arises: Do you need fantasy football insurance? In this blog, we'll navigate the world of fantasy football insurance, providing you with insights, expert advice, and answers to frequently asked questions.

What Is Fantasy Football Insurance?

Fantasy football insurance is a relatively new concept designed to protect your investment in fantasy sports leagues. It offers coverage against unforeseen circumstances that could derail your season, such as player injuries, suspensions, or other unexpected events.

How Does It Work?

Fantasy football insurance operates similarly to traditional insurance. You pay a premium to a provider, and in return, they offer compensation if certain predefined events occur. These events typically include injuries to key players on your fantasy team or the inability to set your lineup due to external factors.

Why Consider Fantasy Football Insurance?
  • Protect Your Investment: You've invested time and effort in drafting the perfect team. Insurance safeguards this investment, ensuring you don't lose it all due to an unfortunate event.
  • Peace of Mind: Knowing that your team is protected can alleviate stress and allow you to enjoy the game more.
  • Stay Competitive: Injuries to star players can be devastating. With insurance, you have a safety net to help you stay competitive, even if your key players are sidelined.
Evaluating the Need for Fantasy Football Insurance

Before deciding whether you need fantasy football insurance, consider your risk factors:

  • Player Injury History: Are your star players injury-prone? Knowing their history can help you assess the likelihood of needing insurance.
  • League Size and Competition: In highly competitive leagues, losing a key player can be detrimental. Larger leagues may also require more insurance due to limited waiver wire options.
  • Investment Size: If you've invested heavily in league fees, consider insurance to protect your financial commitment.
How to Apply for Insurance

Choosing a Provider:

  • Research: Look for reputable providers with a history of fair claims processing and positive reviews from fantasy football enthusiasts.
  • Coverage Options: Different providers offer various coverage options. Ensure the one you choose aligns with your needs.

Applying for Insurance:

  • Provide Player List: You'll need to submit a list of players you want to insure. Usually, this includes your top draft picks.
  • Payment: Pay the premium, which varies based on your chosen provider and the players you're insuring.
  • Policy Confirmation: Once your payment is processed, you'll receive confirmation of your coverage.

Frequently Asked Questions (FAQs)

What events are typically covered by fantasy football insurance?

Fantasy football insurance typically covers injuries to key players, player suspensions, and other unforeseen events that significantly impact your fantasy team's performance.

Can I purchase insurance for individual players, or is it team-based?

Most providers offer both options. You can choose to insure specific players or the entire team, depending on your preferences and risk assessment.

Is fantasy football insurance a guaranteed win?

No, insurance cannot guarantee a win. It provides financial protection in case of adverse events but doesn't influence the outcome of the games themselves.

How do I file a claim if an insured event occurs?

In the unfortunate event that you need to file a claim, contact your insurance provider immediately. They will guide you through the claims process, which usually involves providing documentation of the event and its impact on your team.

Can I purchase fantasy football insurance mid-season?

Most providers allow you to purchase insurance before the season starts, but some may offer mid-season coverage with adjusted premiums.

Is fantasy football insurance legal and regulated?

The legality and regulation of fantasy football insurance may vary by region. It's essential to check your local laws and choose a reputable provider that complies with applicable regulations.

So, do you need fantasy football insurance? It ultimately depends on your risk tolerance, the value of your fantasy team, and your commitment to the game. While it may not guarantee victory, it can provide peace of mind and financial protection against unexpected setbacks. Evaluate your circumstances, consider the information in this guide, and make an informed decision to enhance your fantasy football experience.

If you would like to receive more information on making smart money moves for your future, be sure to contact us today!


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About the author

Ted Jenkin in a suit and tie

Ted Jenkin

CEO and co-Founder


My friends and family all think I'm a workaholic, but I say I'm just a guy that loves to help people do better in life.

My mother is still the only one that calls me by my real name Theodore Michael, my wife calls me Teddy, but for the rest of you it is just plain old Ted.

Ever since I was a little kid, I always loved money and being an entrepreneur. In fact, I still have cassette tapes of me talking to my grandmother at the age of five and my mother tells me all the time how much I played with money as a kid...

Ted Jenkin is a frequent guest columnist for the Wall Street Journal and Headline News Weekend Express. He is the co-CEO of oXYGen Financial. You can follow him on LinkedIn @ www.linkedin.com/in/theceoadvisor or on Twitter @tedjenkin.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. Investor Disclosures: https://bit.ly/KF-Disclosures

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation.

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Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. https://Bit.ly/KF-Disclosures

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