The idea
You protect a defined amount for a short published window. You pay a premium. SIMA records the terms in a certificate. If a problem happens, you may file a claim for review.
V1 economics (published)
- Premium: 5% of protected amount
- Coverage: 50%
- Deductible: 10%
- Maximum net payment: 40%
- Amounts use the protected contract asset, not USD
Timing (published)
- Quote validity: 30 seconds
- Payment window: 30 seconds after acceptance
- Protection window: 5 minutes after premium payment
- Certificate lifetime: 24 hours
- Claim window: 24 hours
Claims
Claims are investigated against certificate terms. Target settlement guidance on the claims page is 3–7 business days after a decision path — not an automatic payout promise.