jojatk
Helluva Engineer
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- 1,518
There are several types of insurance policies generally out there. One is catastrophic injury insurance (which I think is provided for by the NCAA and not paid for by the student-athletes or the schools), one is the Exceptional Student-Athlete Disability Insurance Program (not available to as many people as you might think - among the qualifications is eligibility for the upcoming draft and a reasonable expectation that you could be chosen within the first 2 rounds of the NFL or NHL draft or the first round of the NBA draft), and the other is loss of value insurance. The latter is VERY expensive and can be EXTREMELY hard to collect on because of how many conditions are usually put on those policies. Apparently very few athletes take out those policies. The catastrophic injury insurance is really there to make sure the student-athlete has access to enough money to cover the healthcare aspect of the injury and recovery and, potentially, some of the ongoing expenses (though there are limits). My point is that the insurance policies aren't that great, though better than nothing, of course.
