The reality of insurance in fantasy football

Drafting a fantasy football team.

Fantasy football seems like a relatively simple -- though nerdy -- game: Draft a team; follow your player's stats; trade; wheel and deal ... and have your general manager dreams fufilled.

If you're a serious fantasy player, there something you ought to know about: You can buy real insurance for the players on your make believe team.

"We've been die-hard fantasy gamers for a real long time," explains Joe LaGiglia, one of the founders. "It was just one of those things that was built out of necessity. My brother and I just happened to  always draft the guys that got injured on our fantasy team, and we decided to do something business-wise with it."

It's a real insurance product -- backed by an A-rated insurance company -- and you pay a premium to protect your investment in the fantasy football league in the event that your player gets injured. The insurance can cover up to $1,000.

Feel like make-believe?

"Thirty-five million* gamers can't be wrong," retorts LaGiglia. "If you talk to any gamers out there, there's a huge passion in -- fantasy or not -- there's a lot of people who believe this is a real fun hobby that has gone mainstream."

*CORRECTION: The original version of this article incorrectly quoted Joe LaGiglia's estimate of the number of people playing fantasy football. The text has been corrected.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, the most widely heard program on business and the economy in the country.


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