CryptoGuard Insurance: Pro Policy
1. Introduction: Welcome to the CryptoGuard Pro Insurance Policy, a cornerstone of A
Few Bad Newbies LLC's commitment to safeguarding your digital assets through
individual wallet address insurance. This exhaustive policy document is meticulously
crafted to provide comprehensive coverage, transparent terms, and detailed procedures,
ensuring both the security of your assets and the utmost confidence for our valued
policyholders.
2. Policy Details:
2.1 Coverage: CryptoGuard Pro introduces an advanced level of protection for
individual wallet addresses, providing 60% of your contributed funds through your
subscription-based insurance policy for a monthly premium of $100. This coverage
comprehensively addresses risks such as liquidity removal, stolen NFTs, and wallet
drainage, offering a comprehensive shield for your digital wealth.
2.1.2 Percentage Back: Policyholders under the Pro tier receive 60% of the total money
they’ve invested up to the point of a successful claim or early withdrawal before penalty,
regardless of the amount that has accumulated. The remaining 40% will be delegated in
the following manner:
• 70% to the Insurance Pool
• 15% to AFBN Revenue Sharing NFT Pool
• 10% to CGI Payroll & Taxes Pool
• 5% to Creator Royalty Pool
2.1.3 Discount: Encouraging annual commitment, CGI Pro offers a 20% discount on the
overall cost. The difference between the total cost and premium saved will be
reimbursed as a deposit to the wallet address listed for insurance upon checkout in a
timely manner.
2.2 Deductible: In the event of a claim or early withdrawal, a fixed deductible of $250
applies, streamlining the claims process for a seamless experience.
2.3 Exclusions: Loss of wallet access and platform issues both remain ineligible for
insurance claims under CryptoGuard Pro, ensuring clarity in the claims process.
2.4 Minimum Payment Requirement: To initiate a claim, a minimum commitment of 2
consecutive months of paid subscriptions (by cycle, 60 days) is required, fostering
ongoing participation and commitment within the CryptoGuard community.
3. Non-Payment Policy: Continuous and timely premium payments are crucial for
uninterrupted coverage. Failure to make the monthly payment will result in the
immediate hold of the insurance policy, underlining the importance of consistent
coverage.
4. Claims Process:
4.1 Submit Claim: Use our user-friendly app to log in, provide essential details, and
seamlessly submit your claim.
4.2 Documentation: Upload relevant documentation supporting your claim for a
thorough and efficient assessment.
4.3 Assessment: Our team conducts a comprehensive review, considering provided
evidence and policy terms. This approach ensures fairness in the claims assessment
process once the deductible is paid.
4.4 Approval/Denial: Transparent communication is maintained throughout the
process, with prompt notifications of claim approval or denial. CGI Support Agents
prioritize finding the truth and ensuring a safe platform experience for all. All verdicts
are final.
4.5 Burden of Proof: Verifiable proof, including ownership documentation, transaction
details, and evidence of legitimate rug occurrences, is essential.
5. Verification Methods: Utilizing cutting-edge blockchain analysis and digital
signatures, we ensure secure and trustworthy proof of ownership.
6. Deductible Payment: The fixed $250 deductible must be paid through various
methods, including PayPal, Credit or Debit Card, CashApp, Bitcoin Receive Address, or
Multichain MetaMask Wallet Address. In the event of a Denied or Rejected claim, the
deductible is non-refundable.
7. Timeliness of Claim:
7.1 Blockchain Timestamp Requirement: Reported incidents must have occurred
within the last week of when the claim is filed, as determined by the blockchain
timestamp, ensuring prompt filing and assessment.
7.2 Membership Duration: The coverage period under CryptoGuard Pro extends for 30
days from the date of purchase. To be eligible to make a claim or request early
withdrawal, the policyholder must have been a paid member for a minimum of 2
consecutive cycles, which is 60 days.
7.3 Claim Frequency: Policyholders are entitled to make one claim every 6 months,
promoting responsible utilization of coverage.
8. Membership Renewal:
8.1 Renewal Process: To maintain eligibility for claims, renew membership by making
the monthly subscription payment before the end-subscription date. Making a payment
on a policy labeled as “on hold” will renew the subscription, but two full consecutive
cycles must elapse before eligibility of claim or early withdrawal functionality becomes
applicable.
8.2 Consequences of Non-Renewal: Failure to renew before the end-subscription date
results in an immediate policy hold. In such cases, there is a 2-month consecutive
membership cycle requirement implemented once reinstated, and the policyholder
cannot make any claims or early withdrawal until the reinstated duration is completed.
9. Cash-Out-Early Function: An early withdrawal function is available, incurring a 25%
penalty fee for removing the claim amount without making a legitimate claim.
Completion of this process removes your status as a policyholder, and a new
subscription must be obtained for coverage.
10. Cancellation and Reactivation: If payment lapses for 1 month, the policy is put on
hold, rendering the policyholder ineligible for claims or early withdrawal. If payment is
made before 6 months since non-payment, the policy is reinstated, and the 2-cycle wait
window begins again. If no payment is made after 6 months, the money is considered
abandoned and becomes property of CryptoGuard Insurance.
10.1 Allocation: Abandoned funds are allocated as follows:
• 70% to the Insurance Pool
• 15% to AFBN Revenue Sharing NFT Pool
• 10% to CGI Payroll & Taxes Pool
• 5% to Creator Royalty Pool
11. Liability Disclaimer:
11.1 Legal Compliance: Ensure compliance with all applicable laws. Policyholders
acknowledge their responsibility for compliance with local laws regarding the insurance
of digital assets.
12. Funding Limitations:
12.1 Insufficient Funds: In the event that the insurance pool lacks the necessary funds
to fulfill a claim, the payout will be disbursed over 12 months or longer, depending on
the financial capabilities of the business. This commitment ensures that policyholders
will receive their entitled funds, even if the payout is extended over a more extended
period.
13. Policy Amendments:
13.1 Periodic Reviews and Updates: This CryptoGuard Pro Insurance Policy is subject
to periodic reviews and updates. Modifications will be communicated through the
official channels of A Few Bad Newbies LLC.
Your understanding and compliance with the outlined terms are crucial for the success
of CryptoGuard Pro Insurance. Thank you for choosing us as your trusted partner in
digital asset protection.
