FantasySportsInsurance.com To Provide Insurance For NFBC Owners

[Greg Ambrosius]

The National Fantasy Baseball Championship is excited to announce today that FantasySportsInsurance.com will be a premiere sponsor of the 2010 event, providing an exclusive insurance policy for NFBC owners.



All NFBC owners in the Classic, Diamond, Ultimate and Super League who pay for their league entry fees with a check wll receive a minimum $250 insurance policy for one of their top players on each roster. The Top 100 players on a pre-draft list will be insurable and owners will get a free insurance policy that ranges from $250 for the Classic to $2,000 in the Diamond League. It's the first time any company has provided an insurance policy to fantasy owners in a high-stakes event and the NFBC is honored to give its owners this exclusive insurance as part of their payment option.



"We're excited to have FantasySportsInsurance.com involved with the NFBC this year and look forward to giving our owners a little assurance when they pick injury-riddled stars like Jose Reyes or Brandon Webb," said Greg Ambrosius, founder of the NFBC. "It's still risky to draft some of these stars, but with an insurance policy on them it makes the decision a little easier."



Here's how it works: Owners in the NFBC Classic or the private Diamond, Ultimate and Super leagues who pay via check automatically receive insurance on one player on their roster, courtesy of the NFBC and FantasySportsInsurance.com. That player must be on the Top 100 list provided by FantasySportsInsurance.com and will have to spend at least 60 days on the disabled list due to an injury in 2010. If that happens, an owner will receive payment from FantasySportsInsurance.com for:

$250 in the NFBC Classic

$500 in the NFBC Super

$1,000 in the NFBC Ultimate

$2,000 in the NFBC Diamond



Last year if this setup had been in place in the NFBC, owners could have cashed in their insurance policies for four players: Jose Reyes (missed 137 days), Jake Peavy (missed 131 days), Brandon Webb (missed 176 days) and Geovany Soto (missed 90 days). Other top players who also missed at least 60 days last year included Rickie Weeks (missed 140 days), Alex Gordon (missed 91 days), Kevin Slowey (missed 95 days) and Edinson Volquez (missed 125 days).



After owners have selected the player they want insurance on for each team, FSI will send out a Certificate of Insurance with details of the insurance policy and the coverage details. Claims will be paid within 30 days of the end of the MLB regular season.



"We are excited to have the opportunity to work alongside the NFBC and Fanball to offer Fantasy Sports Insurance (FSI) for the 2010 MLB fantasy season," said Henry Olszewski, sales, executive at Fantasy Sports Insurance. "Offering FSI to NFBC participants is a fantastic opportunity for us to provide financial peace of mind against that unforeseen, season changing injury. Lessen the blow of losing your key player. Plan...Protect...Play"



NFBC owners will also have the opportunity to purchase additional insurance for their teams through FantasySportsInsurance.com if they draft more than just one injury-riddled player. For those owners, there is a policy for two players who spend a total of 90 days on the DL list and even a policy for three players who spend a total of 115 days on the DL.



For more information on those options, contact Olszewski at [email protected].



[ January 13, 2010, 05:18 PM: Message edited by: Greg Ambrosius ]

[Greg Ambrosius]

Just an FYI: We have held off asking for your credit card information if you've signed up for a 2010 NFBC event so far because we wanted to unveil this plan first. We will add that to the registration page soon and Tom and I will be in contact with everyone who signed up already to give them the option to pay by check or credit card. Going forward, make sure you select credit card or check when you sign up and we'll provide details on where you can send the check shortly and when you need payment to us.



Also, outside of the insurance we will be providing for your teams, NFBC owners can still buy their own insurance on leagues that aren't currently covered or on additional players. FantasySportsInsurance.com will have a presence at our live drafts and you will get information on how to buy additional insurance if you'd like there. Thanks all.

[Walla Walla]

Are you out of your mind!!!!! We have Insurance out our ears. Fantasy baseball gives us a break from this day to day rip off. Don't do this Greg!

I hope all that signup for the NFBC don't fall for this B.S!!!!

[Greg Ambrosius]

Originally posted by Walla Walla:

Are you out of your mind!!!!! We have Insurance out our ears. Fantasy baseball gives us a break from this day to day rip off. Don't do this Greg!

I hope all that signup for the NFBC don't fall for this B.S!!!! You're good to go via credit card John, so you were ahead of the curve on this one. It's okay if it's not for everyone and we'll gladly process credit cards for whoever wants us to do that. No worries at all there. Options are a good thing, not a bad thing, so let everyone make their payment choice for this year. It's all good.

[Walla Walla]

Greg, I don't want the Insurance! I think its a ripoff! I don't want anything to do with it.

[Hard Heads]

Originally posted by Walla Walla:

Are you out of your mind!!!!! We have Insurance out our ears. Fantasy baseball gives us a break from this day to day rip off. Don't do this Greg!

I hope all that signup for the NFBC don't fall for this B.S!!!! I am a bit confused. They offer you one free player to pay by check instead of CC and it's BS? Nobody is forcing anyone to buy anything right?

[eddiejag]

For the stakes we play for especially in the ultimate leagues i dont think this is a bad idea.

I wouldnt touch Jose Reyes this year because of his hamstring now if he keeps falling i might consider him and would use my insurance on him.Carlos Beltran is another player i now will consider.

ITS big bucks and its just another option if you want it.

[NorCalAtlFan]

Originally posted by Walla Walla:

Greg, I don't want the Insurance! I think its a ripoff! I don't want anything to do with it.

shocking. death, taxes and walla railing against the nfbc.

[Hard Heads]

Originally posted by Walla Walla:

Greg, I don't want the Insurance! I think its a ripoff! I don't want anything to do with it.

I hear there is a new high stakes contest in town if this one does nothing but **** you off.

[Walla Walla]

No problem. Go ahead and take that risky player.

Sure you'll get a few bucks back. Maybe. If he's out long enough and the team places him on the

injured list. But when things don't work out and your team makes no money your going to ask why didn't the insurance come in. Well because insurance is a rip off and you'll find that out soon enough. Me I prefer to play with people who are drafting to win and not worrying about losing.

If your worried enough to get ripped off by this don't even play. :rolleyes:

[billywaz]

Originally posted by Walla Walla:

Well because insurance is a rip off and you'll find that out soon enough. Sometimes when you have to pay for it, but this is FREE if you pay by check. How can you be getting "ripped off" when there is no additional charge???



Not sure if you are married John, but you and common sense seem to have separated MANY moons ago!

[Glenneration X]

Originally posted by Walla Walla:

No problem. Go ahead and take that risky player.

Sure you'll get a few bucks back. Maybe. If he's out long enough and the team places him on the

injured list. But when things don't work out and your team makes no money your going to ask why didn't the insurance come in. Well because insurance is a rip off and you'll find that out soon enough. Me I prefer to play with people who are drafting to win and not worrying about losing.

If your worried enough to get ripped off by this don't even play. :rolleyes: I've seen enough of these kind of rants to realize that it's got to be an act to get a rise out of people..... good job Mr. Crane.



I do have one question for you Greg on this insurance. How does it work exactly? If we pay by check and use this free test trial insurance or if we decide to purchase add'l insurance or insurance for another team, does it cover ANY player on our team and on that list that is out for the minimum period, or do we have to specify the player that is covered?



Glenn

[Walla Walla]

I know it's free. But taking it is like endorsing it. The company goes out and says look the players in the NFBC use it. Just pay blahhh blahhh blahhh and you can be insured like the NFBC players. No thanks! I don't endorse it and I don't use it! But have a nice day!

[sportsbettingman]

Originally posted by eddiejag:

I wouldnt touch Jose Reyes this year because of his hamstring now if he keeps falling i might consider him and would use my insurance on him.Carlos Beltran is another player i now will consider.

CHA-CHING!!! (Carlos Beltran underwent microfracture surgery on his right knee Wednesday afternoon and is expected to be idle for the next 12 weeks.)

[KJ Duke]

Interesting.



Not only as a validation of high stakes fantasy sports, but in its ability to affect the game itself ... will drafters be less risk averse if they're insured? Stick that in your ADP and compute it.

[Quack & Willy]

sure would be nice to have had insurance for players that just sucked...



Chien Ming Wang

[Greg Ambrosius]

Originally posted by Glenneration X:

quote:Originally posted by Walla Walla:

No problem. Go ahead and take that risky player.

Sure you'll get a few bucks back. Maybe. If he's out long enough and the team places him on the

injured list. But when things don't work out and your team makes no money your going to ask why didn't the insurance come in. Well because insurance is a rip off and you'll find that out soon enough. Me I prefer to play with people who are drafting to win and not worrying about losing.

If your worried enough to get ripped off by this don't even play. :rolleyes: I've seen enough of these kind of rants to realize that it's got to be an act to get a rise out of people..... good job Mr. Crane.



I do have one question for you Greg on this insurance. How does it work exactly? If we pay by check and use this free test trial insurance or if we decide to purchase add'l insurance or insurance for another team, does it cover ANY player on our team and on that list that is out for the minimum period, or do we have to specify the player that is covered?



Glenn [/QUOTE]Glenn, yes if you pay by check you can name a Top 100 player on your team to be covered by the insurance company. I honestly don't know about the additional insurance, but I'm sure you'd still need to cover a Top 100 player or it would be easy to pick a very injury-prone non-star player and cash out on a player who had no relevance to your team's results during the year. But email the contact person for more info.



Listen, I don't care if folks don't want to use this or even have us endorse it, but it's FREE to anyone who wants to use it and all they have to do is pay by check rather than pay by credit card. Honestly, I don't care how you pay to play in the NFBC at all, but it's a good option for you, it's a good option for us which pays tens of thousands of dollars per year on credit card fees, and it's good for an upstart company to be associated with the premiere high-stakes fantasy baseball game around. So again, I hear Walla Walla's complaints and I'm cool with them, but honestly it's a win-win-win for everyone and nobody loses.



It's your call if you want it or not. Injuries suck and if you had insurance on Jose Reyes last year in the Ultimate League you would have gotten $1,000 of your $5,000 entry fee back. The season still would have sucked for you, but getting 20 percent back sure would have lessened the blow a little bit. That's all we're saying here, folks.

[Greg Ambrosius]

Originally posted by Quack & Willy:

sure would be nice to have had insurance for players that just sucked...



Chien Ming Wang The only insurance we can offer for those guys is this: DON'T PICK 'EM!!!

[Tom Kessenich]

Originally posted by KJ Duke:

Interesting.



Not only as a validation of high stakes fantasy sports, but in its ability to affect the game itself ... will drafters be less risk averse if they're insured? Stick that in your ADP and compute it. It's a cool idea on a number of fronts but in my opinion one of the most interesting things is how it could impact how everyone approaches their draft. Eddie, for example, says he won't touch Jose Reyes but does Reyes become a better value now that you have some coverage with the risk? I think it's going to make the drafts even more interesting because now you're even more like a real GM when confronted with a talented player who has durability issues.

[ESPN8 THE OCHO]

"CHA-CHING!!! (Carlos Beltran underwent microfracture surgery on his right knee Wednesday afternoon and is expected to be idle for the next 12 weeks.) "





Hillarious.





On a serious note I agree with KJ Duke. This is another aspect of not having a level playing field. If a person is willing to insure 4 players he will take more risks. It is going to change many people's strategy and in a bad way. I have no way of knowing who will be insuring players at a table thus I can't calculate when I may want to take a "risk" on an injury prone player.(Prime example. I passed on Joe Mauer in the 7th round last year because of an injury concern. If I had insurance I may have picked him up knowing if he is healthy I could ride him to win the league. Now maybe a guy like that doesn't make it past the 5th round in a similar situation. It changes the playing field)



I think this is a bad idea.



Sometimes in trying to get better things get worse. Again there will be advantages and disadvantages to drafting on the 1st weekend and 2nd weekend. The one thing that can't be denied is that there is a possibility of an advantage to one of the weekends.(injuries, players winning jobs, trades, etc.) Now we add insurance. It certainly can skew when players will be taken. Will mock draft central have mock drafts that offer insurance for 2 players... 6... multiple players on single teams. Its crazy.



I am a purist. All players drafting at the same time with the same amount of knowledge up until that very minute the draft begins. We are adding variables no one will be able to prepare for and it leads to advantages for clubs that other teams may not enjoy.



Again I love the NFBC, and I am all for change that makes players more comfortable and provides an enjoyable experience. I also can atest that Tom and Greg run a class product. I do think sometimes one needs to step back and look at changes that are being made to the actual competition and the effects it has on the game. We are a high stakes fantasy baseball league and we love it. Lets not forget that.

[ESPN8 THE OCHO]

BTW I will be paying with a check. It would be stupid not to.



I will chose not to insure any other players.



Also what happens if you don't select any top 100 players? What do we do with the insurance. With a few of my rosters in past years this is a possibility. LOL

[Greg Ambrosius]

Originally posted by ESPN8 THE OCHO:

"CHA-CHING!!! (Carlos Beltran underwent microfracture surgery on his right knee Wednesday afternoon and is expected to be idle for the next 12 weeks.) "





Hillarious.





On a serious note I agree with KJ Duke. This is another aspect of not having a level playing field. If a person is willing to insure 4 players he will take more risks. It is going to change many people's strategy and in a bad way. I have no way of knowing who will be insuring players at a table thus I can't calculate when I may want to take a "risk" on an injury prone player.(Prime example. I passed on Joe Mauer in the 7th round last year because of an injury concern. If I had insurance I may have picked him up knowing if he is healthy I could ride him to win the league. Now maybe a guy like that doesn't make it past the 5th round in a similar situation. It changes the playing field)



I think this is a bad idea.



Sometimes in trying to get better things get worse. Again there will be advantages and disadvantages to drafting on the 1st weekend and 2nd weekend. The one thing that can't be denied is that there is a possibility of an advantage to one of the weekends.(injuries, players winning jobs, trades, etc.) Now we add insurance. It certainly can skew when players will be taken. Will mock draft central have mock drafts that offer insurance for 2 players... 6... multiple players on single teams. Its crazy.



I am a purist. All players drafting at the same time with the same amount of knowledge up until that very minute the draft begins. We are adding variables no one will be able to prepare for and it leads to advantages for clubs that other teams may not enjoy.



Again I love the NFBC, and I am all for change that makes players more comfortable and provides an enjoyable experience. I also can atest that Tom and Greg run a class product. I do think sometimes one needs to step back and look at changes that are being made to the actual competition and the effects it has on the game. We are a high stakes fantasy baseball league and we love it. Lets not forget that. First of all, this isn't a seismic shift for Draft Day, okay? What do you mean you wish you knew who had insurance on four players at the draft table? You don't buy insurance BEFORE you pick the players, like you do when purchasing a car. If one guy drafts Reyes, Beltran and Webb in the first four rounds, you can probably bet he NEEDS insurance for his team. Sheesh. And if he's that risk adverse why is that any different than if he was risk adverse without insurance?



Be a Puritan if you want, but please don't preach that all change is bad. Nobody has to take the insurance and if you don't want it don't take it. Trust me, nobody is drafting with the goal of getting the insurance payback and rooting for Reyes to go down for 60+ games again, no more than buying a Porsche for the first time and hoping to crash it so you can collect insurance on it. Sheesh.

[Greg Ambrosius]

Originally posted by ESPN8 THE OCHO:

BTW I will be paying with a check. It would be stupid not to.



I will chose not to insure any other players.



Also what happens if you don't select any top 100 players? What do we do with the insurance. With a few of my rosters in past years this is a possibility. LOL You can certainly pay by check and not insure anyone. If you don't have anyone in the Top 100 then you CAN'T insure anyone.



Hell, if you do this and save us $30+ on credit card fees, I'll make sure Tom buys you an extra beer or two!!! Then you're doing us a big favor and not reaping any benefits yourself, so, would beer do?? Just kidding, but I think you get my point.

[ESPN8 THE OCHO]

I didn't mean to upset you. With all change there are opinions. I happen to feel if a person drafts Reyes, Webb etc. it will result in a different draft than other tables. Going in there is no way to account for that. I understand it can be argued that many things can not be accounted for no matter what rules and format... but this adds just one more thing.



Again, I love the compitition and everything is always run in a class manner. Also if you just let myself and many others know that you would have preferred checks all these years over credit cards many of us would have done that for you.



PS- I will insure the free player... and we will enjoy many drinks that weekend!

[BrewerGold]

Do people who won their entry into the Main Event also get this insurance for free?