I heard Andrew Luck took out an insurance policy when he came back for his senior year, basically ensuring that he would become rich even if he were injured. I'm assuming Lattimore didn't have a similar policy.... So my question is.... Why not? I'm sure many NFL prospects would pay a nice premium, especially if they didn't have to pay anything until they got an NFL check. Are there just few companies willing to write these policies?
Regarding Lattimore's injury: Insurance question
- Thread starter LiterallyPolice
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Pretty sure that was jamont Gordon's lil bro / cousin or something like that.
Eta: back to original post, I think its offered thru the NCAA for projected 1st-3rd round picks. Quite a few prospects buy in, but the levels vary. Could be as little as $100,000 of coverage... I would assume depending on how much you want to spend / where you're projected to be drafted.
Eta: back to original post, I think its offered thru the NCAA for projected 1st-3rd round picks. Quite a few prospects buy in, but the levels vary. Could be as little as $100,000 of coverage... I would assume depending on how much you want to spend / where you're projected to be drafted.
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Usually these guys
are insured through Lloyds of London. They're basically the only group who will write such insurance policies on them. Such as Troy Palomalu who has a 1 million dollar policy on his hair. Premiums are pretty expensive though. Kind of hard to afford such a policy especially as a college kid
are insured through Lloyds of London. They're basically the only group who will write such insurance policies on them. Such as Troy Palomalu who has a 1 million dollar policy on his hair. Premiums are pretty expensive though. Kind of hard to afford such a policy especially as a college kid
Well, I'm sure they could structure the policy so that the premium is paid only 1.) After the player gets paid in the NFL, or 2) if the player is injured, the cost could just be taken from the payout. In other words, if it's a $1 million policy, at a cost of 100k, the player would actually only get 900k he is injured.
Could a booster buy such a policy? I figure if the player doesn't get paid unless he gets a career ending injury (in which case he's no longer an athlete), it might not be against the rules.