Silas Redd first to collect from loss-of-value insurance policy

The $3 million collection on a lo s-of-value insurance policy that cornerback is isn't the first payout of its kind. running back , formerly of USC, has already collected on such a policy, according to NFL Media's Rand Getlin Cam Jurgens Jersey .While CB Ifo Ekpre-Olumu is set to be paid on a Lo s of Value policy soon (as reported), Redd has already collected. Rand Getlin (@RandGetlin) Redd's policy was paid out Brett Kern Jersey based on a knee injury he suffered during his last year at . Was projected to be drafted, but wasn't selected Rand Getlin (@RandGetlin) Redd was an undrafted free agent in 2014, but made the ' roster despite injuries that slowed him in the preseason of his rookie year. He had only 15 carries for the last season, and this year he was placed on injured reserve after suffering a right knee injury in a preseason win over the .It's unclear how much money Redd cleared with his lo s Zach Brown Jersey -of-value policy. Ekpre-Olomu was projected as a potential first-round pick as a senior at Oregon last year. His policy was a lucrative one Jack Driscoll Jersey that triggered a partial claim when he wasn't chosen in the first round of this year's draft, and a full claim when he wasn't picked by the end of the third round. A first-round projection never accompanied Redd's draft status, so his policy might have had a lower payout threshold, likely for fewer dollars.That doesn't make it any le s significant for draft prospects, however, particularly those who don't project as high picks. Undercla smen deciding whether to return to college or turn pro early could be more likely to remain in school with the protection of policies like the ones Ekpre-Olomu and Redd have secured.*Follow Chase Jacob Harris Jersey Goodbread on Twitter *.