Duke freshman Zion Williamson has a loss of value insurance policy that he could collect if he were to fall past the No. 16 pick in the 2019 NBA Draft, according to.
The policy, according to the report, is worth $8 million. It was issued and written by ISI (International Specialty Insurance), and paid for by Duke — all allowable within NCAA’s rulebook.
According to the NCAA, loss of value insurance is insurance that “protects a student-athlete’s future contract value from decreasing below a predetermined amount due to a significant injury or illness suffered during the policy’s designated coverage period. It is typically purchased for the year leading up to the athlete’s draft eligibility. It requires medical underwriting, and may include exclusions for specific pre-existing injuries or illnesses.”