The main intent of this policy is to provide coverage to the depositors. In the traditional banking world, The CDIC (Canada) and FDIC (USA) insures the depositors of the chartered banks.
Loss of/Theft of Crypto Assets
Your funds are insured against the loss of or theft of your crypto assets caused by unauthorized/malicious actors.
Errors and Omissions
Your funds are protected against losses that occur due to potential errors or omissions of the protocol.
Security/Privacy Breach
Your funds are insured against the loss of or theft of crypto assets caused by unauthorized / malicious actors targeting the protocol.
1
Claim Event
An insured event occurs causing a loss of funds.
2
Submit Claim Notice
Submit claims notice online including all relevant information/documentation.
3
Identity Verification
In order to comply with guidelines and AML policies, identity verification and proof of wallet ownership are required for all claim payments.
4
Claim Review
Your claim will be reviewed for accuracy and a formal settlement will be sent for confirmation.
5
Claim Paid
Congratulations the claim has been paid.
Schwarzschild endeavours to innovate crypto asset protection.
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