Live Chat With Henry Of FantasySportsInsurance: Thursday At 2 ET

Walla Walla · Post by **Walla Walla** » Thu Feb 25, 2010 6:39 am

Geeko be prepared to take over with baseball questions.

After we hear send me money all is good. We can get back to BASEBALL!!!

Gekko · Post by **Gekko** » Thu Feb 25, 2010 6:40 am

Originally posted by Quahogs:

Mark.. at that point wouldn't it become a prop bet and he'd be a gambling site ? if they are currently allowed to say "if a certain player spends 60 days or more on the DL", you win...what's the difference in saying "if a certain player hits under 15hr, you win"?

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 6:45 am

King of Queens - Thanks for the questions

How long has FSI been around? Since 2008

What gave you the idea to start the company? I came up with the idea after Brady went down with his knee injury in 2008.

When do you pull a player from the "Insurable List"? Players will remain on the eligible list until there is notification of injury. I keep a close eye on the injury reports. Most of the time teams won’t immediately put a play on the DL, it will take a few days or a week to decide the extent of the injury and how it impact the team with regards to the roster. With that being said if a player gets injured in spring training or in the regular season prior to the cut off date we will pull him from the list until his status is determined.

Has anyone been able to insure a player just before news breaks of a long-term injury? It didn’t happen in football and this is our first baseball season. Let’s just say that there were many policies taken out on Westbrook and Brady last season.

Is there a waiting-period from policy inception to coverage date? There is no waiting period at all. If you purchase a policy for Pujols on Mark 15th and he is injured March 30th with a season ending injury you will be paid.

Quahogs · Post by **Quahogs** » Thu Feb 25, 2010 6:46 am

Originally posted by Gekko:

quote:Originally posted by Quahogs:

Mark.. at that point wouldn't it become a prop bet and he'd be a gambling site ? if they are currently allowed to say "if a certain player spends 60 days or more on the DL", you win...what's the difference in saying "if a certain player hits under 15hr, you win"? [/QUOTE]Could be that the hr bet for sure has to do with actual game play. The other (injury) isn't restricted to game play.

Gekko · Post by **Gekko** » Thu Feb 25, 2010 6:46 am

Henry - What is the largest payment you've made on any single claim?

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 6:48 am

Originally posted by King of Queens:

How long has FSI been around?

What gave you the idea to start the company?

When do you pull a player from the "Insurable List"?

Has anyone been able to insure a player just before news breaks of a long-term injury?

Is there a waiting-period from policy inception to coverage date? New to this. I just posted the answers to your questions on the page

Gekko · Post by **Gekko** » Thu Feb 25, 2010 6:51 am

Originally posted by Quahogs:

quote:Originally posted by Gekko:

quote:Originally posted by Quahogs:

Mark.. at that point wouldn't it become a prop bet and he'd be a gambling site ? if they are currently allowed to say "if a certain player spends 60 days or more on the DL", you win...what's the difference in saying "if a certain player hits under 15hr, you win"? [/QUOTE]Could be that the hr bet for sure has to do with actual game play. The other (injury) isn't restricted to game play. [/QUOTE]since i don't gamble, you may be wright

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 6:52 am

Originally posted by Gekko:

quote:Originally posted by FantasySportsInsurance:

This is not a policy covering poor performance from a player.Henry,

Have you ever thought about going down that avenue? For instance last year David Wright was projected by many to hit between 25-30 hr's. However he only hit 10 (while playing the whole year). That one result all by itself probably cost numerous Wright owners plenty of league points, along with prize money.

I couldn’t agree with you more on this idea and I have explored this option. The only problem is insurable interest base on projections. No underwriter would entertain writing a policy on lack of production. I am in a HR derby pool were this would apply and every year I get killed because one or more of my big hitters can’t swing the bat.

Fast forward to this year, Wright is one of those players you either love or hate. He could hi 30 hr or he could struggle again and hit in the low teens. Quite a spread, and this obviously would generate interest in owners buying insurance on Wright.

Just a thought. [/QUOTE]

Walla Walla · Post by **Walla Walla** » Thu Feb 25, 2010 6:56 am

Gekko, When is the best round to start looking at closers?

Walla Walla · Post by **Walla Walla** » Thu Feb 25, 2010 6:56 am

Gekko, When is the best round to start looking at closers?

Gekko · Post by **Gekko** » Thu Feb 25, 2010 6:57 am

Henry - Forgot to tell you, Walla Walla likes to embarrass himself publicly. He'll probably do it a handful more times during your chat. The "family" apologizes in advance.

Walla Walla · Post by **Walla Walla** » Thu Feb 25, 2010 6:58 am

Gekko, When should I be looking to get pitchers?

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 7:00 am

Originally posted by Gekko:

quote:Originally posted by Quahogs:

quote:Originally posted by Gekko:

quote:Originally posted by Quahogs:

Mark.. at that point wouldn't it become a prop bet and he'd be a gambling site ? if they are currently allowed to say "if a certain player spends 60 days or more on the DL", you win...what's the difference in saying "if a certain player hits under 15hr, you win"? [/QUOTE]Could be that the hr bet for sure has to do with actual game play. The other (injury) isn't restricted to game play. [/QUOTE]since i don't gamble, you may be wright

[/QUOTE]For this to be insurance you have to have an insurable interest (your investment) and a measurable, cause of loss (the injury). I am not saying that lack of production doesn’t hurt your ability to win your league but no company out there would insure that as a true insurance product. Our product is no different in theory then the disability policy taken out by the Mets on Santana’s arm.

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 7:02 am

Originally posted by Gekko:

Henry - Forgot to tell you, Walla Walla likes to embarrass himself publicly. He'll probably do it a handful more times during your chat. The "family" apologizes in advance.

Apology accepted!

Gekko · Post by **Gekko** » Thu Feb 25, 2010 7:02 am

Is there an exact date the top 100 will be published?

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 7:04 am

Originally posted by Gekko:

Is there an exact date the top 100 will be published? I should have this out by Wednesday of next week.

Walla Walla · Post by **Walla Walla** » Thu Feb 25, 2010 7:05 am

Insurance to protect a person's home I understand.

You lose your home you recover from it. You lose a baseball player in a fantasy draft you don't recover everything. Bad bet.

Gekko · Post by **Gekko** » Thu Feb 25, 2010 7:06 am

not sure if you saw this one on the previous page Henry - What is the largest payment you've made on any single claim?

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 7:09 am

Originally posted by Walla Walla:

Insurance to protect a person's home I understand.

You lose your home you recover from it. You lose a baseball player in a fantasy draft you don't recover everything. Bad bet. Like insuring your home, if you insure the full value - in this case your total entry fee and you lose a key player you get everything back and then play the rest of the season on the houses dime!

Walla Walla · Post by **Walla Walla** » Thu Feb 25, 2010 7:10 am

Nothing!

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 7:11 am

Originally posted by Gekko:

not sure if you saw this one on the previous page Henry - What is the largest payment you've made on any single claim? We didn't have a claim for football. Westbrook was one game shy. This football season was pretty minor with regards to injuries.

Walla Walla · Post by **Walla Walla** » Thu Feb 25, 2010 7:13 am

Please put that on paper with cost and who backs you up and than maybe you have a case.

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 7:15 am

Originally posted by FantasySportsInsurance:

quote:Originally posted by Gekko:

not sure if you saw this one on the previous page Henry - What is the largest payment you've made on any single claim? We didn't have a claim for football. Westbrook was one game shy. This football season was pretty minor with regards to injuries. [/QUOTE]If you take out a policy on a player for $100 or $5,000 and he is injured and meets the requirements to trigger the coverage you will get your money back. No partial payment upon review - full payment

JamesH · Post by **JamesH** » Thu Feb 25, 2010 7:16 am

In your earlier example on Pujols you used a 10% factor. ($1,400 amount of insurance for $140) Is 10% the rule of thumb on insuring a player? Are players with an injury history (like Johan Santana or Brandon Webb) more expensive than players with a healhy history?

Walla Walla · Post by **Walla Walla** » Thu Feb 25, 2010 7:17 am

Ah the days when the NFBC had experts talking about baseball. GEEZ!!!