Live Chat With Henry Of FantasySportsInsurance: Thursday At 2 ET

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

I wouldn't equate it with home insurance. Home insurance covers a wide spectrum.

Isn't this more like insurance at a blackjack table?

Where we're probably losing the hand (season) and hope to recover something?

Most good and pro blackjack players do not buy insurance, do you expect most of your business to come from smaller payout leagues?

[ February 25, 2010, 01:19 PM: Message edited by: DOUGHBOYS ]

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 7:18 am

Originally posted by Walla Walla:

Please put that on paper with cost and who backs you up and than maybe you have a case. This is a true insurance policy underwritten by Lloyds of London. An A rated insurance company. We issue a certificate of insurance stating that as well as your covered amount, covered player, and payment triggers (games missed) I would be happy to forward you a copy of our certificate if you would like. Email?

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 7:20 am

Originally posted by Beezman:

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? Players with substantial injury history will probably not be eligible for coverage. We have tried to make this a flat rate to avoid having to underwrite every player on every roster.

Walla Walla · Post by **Walla Walla** » Thu Feb 25, 2010 7:20 am

Don't think so. Dan is right sorta like taking insurance in blackjack. Aloser for sure!

[ February 25, 2010, 01:21 PM: Message edited by: Walla Walla ]

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 7:23 am

Originally posted by DOUGHBOYS:

I wouldn't equate it with home insurance. Home insurance covers a wide spectrum.

Isn't this more like insurance at a blackjack table?

Where we're probably losing the hand (season) and hope to recover something?

Most good and pro blackjack players do not buy insurance, do you expect most of your business to come from smaller payout leagues? The league payout is irrelevant in this case. It is simply insuring your investment in your fantasy team. If you spend $1500 on the entry fee, $25 on magazines and another $100 in season on transaction fees then you are in for $1625. That is the value you look to insure. If you play in a $50 buy in this may not be of less interest to you.

JamesH · Post by **JamesH** » Thu Feb 25, 2010 7:24 am

Greg, I have no diea why you continue to allow Walla put egg on the face of NFBC. Dude grew up under power lines or something. I've never drafted with him but I'm sure he wears an aluminum foil hat. Queueing the X-files music.

JamesH · Post by **JamesH** » Thu Feb 25, 2010 7:27 am

Originally posted by DOUGHBOYS:

I wouldn't equate it with home insurance. Home insurance covers a wide spectrum.

Isn't this more like insurance at a blackjack table?

Where we're probably losing the hand (season) and hope to recover something?

Most good and pro blackjack players do not buy insurance, do you expect most of your business to come from smaller payout leagues? If you want to compare it to something you could compare it to an extended warranty on television or stereo. If the things breaks, you get it replaced or fixed, whatever the case may be.

Walla Walla · Post by **Walla Walla** » Thu Feb 25, 2010 7:27 am

Final Post! Cheers go up around the world!

I think this is a ripoff! You don't see the better Players for the most part posting. That speaks for its self. Some are here. But there're laughing at the insurance. Find a new line of work.

DOUGHBOYS · Post by **DOUGHBOYS** » Thu Feb 25, 2010 7:28 am

Originally posted by FantasySportsInsurance:

quote:Originally posted by DOUGHBOYS:

I wouldn't equate it with home insurance. Home insurance covers a wide spectrum.

Isn't this more like insurance at a blackjack table?

Where we're probably losing the hand (season) and hope to recover something?

Most good and pro blackjack players do not buy insurance, do you expect most of your business to come from smaller payout leagues? The league payout is irrelevant in this case. It is simply insuring your investment in your fantasy team. If you spend $1500 on the entry fee, $25 on magazines and another $100 in season on transaction fees then you are in for $1625. That is the value you look to insure. If you play in a $50 buy in this may not be of less interest to you. [/QUOTE]But in that $1500 league, you insure your best player for an extra $150, guy stays healthy, but the team underperforms....that $1500 league has become a $2000 money pit.

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 7:29 am

Originally posted by Walla Walla:

Final Post! Cheers go up around the world!

I think this is a ripoff! You don't see the better Players for the most part posting. That speaks for its self. Some are here. But there're laughing at the insurance. Find a new line of work.

Thank you for your feedback and input. Best of luck with your season. [email protected] if you want a copy of that certificate.

DOUGHBOYS · Post by **DOUGHBOYS** » Thu Feb 25, 2010 7:30 am

On second thought, the blackjack comparison doesen't work as well. In blackjack, insurance gets us half our money back, not the case here.

I'm sorry, I am just not seeing much benefit.

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 7:32 am

Originally posted by DOUGHBOYS:

quote:Originally posted by FantasySportsInsurance:

quote:Originally posted by DOUGHBOYS:

I wouldn't equate it with home insurance. Home insurance covers a wide spectrum.

Isn't this more like insurance at a blackjack table?

Where we're probably losing the hand (season) and hope to recover something?

Most good and pro blackjack players do not buy insurance, do you expect most of your business to come from smaller payout leagues? The league payout is irrelevant in this case. It is simply insuring your investment in your fantasy team. If you spend $1500 on the entry fee, $25 on magazines and another $100 in season on transaction fees then you are in for $1625. That is the value you look to insure. If you play in a $50 buy in this may not be of less interest to you. [/QUOTE]But in that $1500 league, you insure your best player for an extra $150, guy stays healthy, but the team underperforms....that $1500 league has become a $2000 money pit. [/QUOTE]Again, nothing I can do about underperformance.

DOUGHBOYS · Post by **DOUGHBOYS** » Thu Feb 25, 2010 7:33 am

Thanks for your time.

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 7:34 am

Originally posted by DOUGHBOYS:

On second thought, the blackjack comparison doesen't work as well. In blackjack, insurance gets us half our money back, not the case here.

I'm sorry, I am just not seeing much benefit. But you can still lose your bet and the insurance in blackjack

King of Queens · Post by **King of Queens** » Thu Feb 25, 2010 7:36 am

Originally posted by FantasySportsInsurance:

If you insure Pujols for the full amount the cost would be roughly $140If I am reading into this correctly, the out-of-pocket cost to cover a player is roughly 10% of the coverage amount. So a $2,000 policy would cost $200.

What kind of rate quote could I get for Childs to win the NFBC?

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 7:38 am

Originally posted by King of Queens:

quote:Originally posted by FantasySportsInsurance:

If you insure Pujols for the full amount the cost would be roughly $140If I am reading into this correctly, the out-of-pocket cost to cover a player is roughly 10% of the coverage amount. So a $2,000 policy would cost $200.

What kind of rate quote could I get for Childs to win the NFBC? [/QUOTE]Correct. Not sure about Childs rate!

King of Queens · Post by **King of Queens** » Thu Feb 25, 2010 7:46 am

Thanks for the chat, Henry. Best of luck with this endeavor -- certainly seems like a novel concept!

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 7:48 am

Originally posted by King of Queens:

Thanks for the chat, Henry. Best of luck with this endeavor -- certainly seems like a novel concept! My pleasure and thank you for the questions. best of luck this season.

FantasySportsInsurance · Post by **FantasySportsInsurance** » Thu Feb 25, 2010 8:01 am

Thanks for coming out and asking questions guys. Best of luck with your season. If anyone has any additional questions please feel free to reach out for me. [email protected] have a great weekend.

Henry

Gekko · Post by **Gekko** » Thu Feb 25, 2010 8:34 am

Originally posted by Beezman:

Greg, I have no diea why you continue to allow Walla put egg on the face of NFBC. Dude grew up under power lines or something. I've never drafted with him but I'm sure he wears an aluminum foil hat. Queueing the X-files music. Greg - I agree with this post. Henry's offering your members something FREE and walla walla made a jackass of himself (like usual) and the nfbc. if he did it once, okay, fine, but he CONTINUED TO DO IT THROUGHOUT THE CHAT. lack of class and unfortunately walla walla tarnished the nfbc's image with a vendor giving us something free. i'm sure other vendors will be rushing to support the nfbc :rolleyes:

Walla Walla · Post by **Walla Walla** » Thu Feb 25, 2010 8:47 am

Gekko, Are you kidding me??? LOL!!!!!

Go look in the mirror my friend.

Dirt Dogs · Post by **Dirt Dogs** » Thu Feb 25, 2010 9:51 am

Walla are you going to quit the NFBC again after this season like you have every year for the last 5 years????

Walla Walla · Post by **Walla Walla** » Thu Feb 25, 2010 10:20 am

Actually I'll be retiring.

Greg Ambrosius · Post by **Greg Ambrosius** » Thu Feb 25, 2010 10:21 am

Originally posted by Gekko:

quote:Originally posted by Beezman:

Greg, I have no diea why you continue to allow Walla put egg on the face of NFBC. Dude grew up under power lines or something. I've never drafted with him but I'm sure he wears an aluminum foil hat. Queueing the X-files music. Greg - I agree with this post. Henry's offering your members something FREE and walla walla made a jackass of himself (like usual) and the nfbc. if he did it once, okay, fine, but he CONTINUED TO DO IT THROUGHOUT THE CHAT. lack of class and unfortunately walla walla tarnished the nfbc's image with a vendor giving us something free. i'm sure other vendors will be rushing to support the nfbc :rolleyes: [/QUOTE]I'm sorry that I wasn't here for the whole Live Chat, but I had a lot of other things going on today. I thank Henry for honestly answering all of the questions and it sure looks like people got the answers they were looking for. Henry, great job of playing pepper and holding your own. There are critics in every field of endeavor, mine included.

As I said previously, the insurance policy has been well received by our members as almost 70 percent have chosen this payment plan for the leagues we are offering insurance for. The benefit and cost (free) makes this a great deal and nobody else in the high-stakes market is making this offer for their players. We hope to extend this to football as well.

The only people who lose are the credit card companies, and I don't remember a lot of people cheering for them. Again, thanks Henry and great job today.

bustouts · Post by **bustouts** » Thu Feb 25, 2010 12:49 pm

I know im a little late in this discussion, but what happens if a player actually dies or abruptly retires from baseball.

I know it sounds crazy but Adenhart died last year and anything is possible. Also, many years ago in a local league a player retired and our rules didnt address the possibility of how we could replace him on the roster. I think it was Jeff King. These are 2 instances that should be addressed before they become issues down the road.