Fantasy Sports Insurance
More than 32 million people participate in fantasy sports in the U.S. and Canada, according to the Fantasy Sports Trade Assn. This game provides owner simulation through a season as a sports fan chooses players and wins or loses according to player statistics. With high entry fees, it's no surprise that some fans might wish to insure their investment through a season that can often cost $200 or more. One of the highest dollar-figure policies taken out in Fantasy Sports Insurance
was on NFL Minnesota Vikings running back Adrian Peterson last year for $1,500. The policies generally cost 10 percent of the insured amount, so in this case, the price was $150. The insurance didn't pay out, but the fantasy team probably did well because Peterson placed fifth in the league, with 1,298 rushing yards.