Cricket Posted September 12 Report Share Posted September 12 2 hours ago, Le Tigre said: I have always found professional athlete personal injury insurance fascinating. I wish I had happenstance to become involved in cases involving this area, but unfortunately not. With that said, and without actually seeing a policy or its language, I am curious as to instances where "specialist insurance companies are known for being extremely reluctant to pay out loss of values polices" Insurance policy limits are set to a max amount. Trevor Lawrence bought a policy for himself for $5million during his last season in Clemson as safeguard in the event of injury. He likely could not get a higher limit--as it was for certain he was going to make quantumly more once drafted. It's a business of risk, so perhaps to get higher limits would cost a lot more...or no company wished to take on the risk. Dunno. Curious, any idea of what the cost was for that $5million policy? Quote Link to comment Share on other sites More sharing options...
sparky151 Posted September 13 Report Share Posted September 13 I think the premiums are in the 10-20% of the payout range per year. It probably depends on the position played and prior medical history. At one point I think the NCAA offered policies for college stars to encourage them to stay in school and so they could set group rates. That was after an insurance company disputed a seemingly clear cut injury payout. A player doesn't need a permanent limp to lose his status as a top prospect. Going for 4.4 to 4.6 might do it. Quote Link to comment Share on other sites More sharing options...
Le Tigre Posted September 13 Report Share Posted September 13 4 hours ago, Cricket said: Curious, any idea of what the cost was for that $5million policy? Guess it varies. And since insurance is a pooling of premiums from a lot of policy holders, the rating of a risk depends on the risk. Found this sort of a simple overview of the question: https://www.trustedchoice.com/insurance-articles/opinion-variety/loss-of-value-insurance/ Quote Link to comment Share on other sites More sharing options...
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