The quarterback for the Gators, Tim Tebow, recently disclosed during SEC Media Days this past Thursday that he has taken out roughly $2,000,000 dollars worth of insurance policies, according to Florida Today.

This senior quarterback spoke to Florida Today, telling them that he had not even considered buying so much insurance until the head coach for his team, Urban Meyer decided to intervene.

Tebow asked Florida Today how many times anyone really takes advantage of the insurance. He says that he may have it, but only because Urban Meyer, his coach for the Gators told him that he needed to get it. He claimed that he did not want to get any more insurance.

The policies that Tebow has taken out on himself are designed to cover injuries, which is a practice that is allowed under the regulations for the NCAA. Typically the premiums on these policies are not actually paid until after the player signs an NFL contract.

This year, Tebow decline to actually raise the amount of his policy. According to Florida Today, however, he could have actually qualified for as much as $6,000,000 if he had purchased the insurance policy through an independent insurance agent.

He told reporters that he isn't thinking negatively, waiting for something to happen. But instead, he says that he was just acting on the advice of coach Urban Meyer and coach Dan Mullen that thought it should be purchased.

Insurance policies for this purpose are available both through the NCAA and also through independent agencies as well.

Photo Credits: photo-gator

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