Umbrella Coin: A potential solution to expensive overhead insurance costs

1. 
   
   Insurance can at times be a questionable industry clouded in confusion and frustration. As much as we would want our health care to be free and easy to understand its complicated and requires that someone has to assume the risk and in doing so acquire funding to pay out its claims to its policy holders. While the industry is in dire need of change there is a company looking to assist both the consumer and the company by providing a system that would help reduce deductibles and co-payments while assisting insurance companies in expediting their claims.
   
   Umbrella Coin is an insurance ICO built on the ethereum platform whose mission is to help reduce or eliminate overhead costs associated when submitting insurance claims for such policies as Auto, Home, and Health. This is done when token holders using the client on their website buy into a claims package. A start-up fee is charged which helps to fund the "Float Pool" that is used for policy returns and after a few month waiting periode a claim can be submited with documentation that is redacted using there client to be voted on by other invested consumers in the community.
   
                             
   
   How it works
2.  The claims system is run completely by the community through an incentivized voting system and the only intervention is during cases of fraud.
   
   When a claim is made and if approved by the community a multiplier is applied to the token amount requested that will move back to the client wallet which then can then be sold on listed exchanges and deposited to a personal bank account.
                                            
   Denied claims can only be resubmitted so many times before the claims package becomes locked. At this point, you could request to cancel your claims package at a hefty surrender fee or wait until a year to date of the policy creation to remove the tokens for free.
   
   
   
   
   The Team
   One of the primary keys to an ICOs success is a ambitious team with talented backgrounds to get results. Umbrella Coins core development team consists of Microsoft software engineers with many years of coding experience. I found that Umbrellas insurance advisors who conversate from time to time on there Discord are obscured in the background of the project. When I asked more information on who they are the answer I was told was that there under a strict nondisclousre agreement to protect their careers as some of them have years of experience and a large clientele base. Their marketing team appears to be young with some senior experience who are all very enthusiastic and helpful with my questions. The team can be found most of the time in there discord and are more than willing to have a conversation.
   
   https://discordapp.com/invite/mwKSgTK
   Projects Progress
   An active project is a good project and Umbrella Coins repository is constantly being updated which is a huge plus in my book. They have put the core of their focus on releasing there client by the end of their sale and currently have a prototype. They have also started to write the blockchain code which speaks volumes to the team's dedication on this project. You can track their progress in the link below.
   
   https://github.com/umbrellacoin
   
   Conclusion
   Everyone has their own way to gauge their investments and for me, there are a few core things I look for in an ICO. Transparency is key along with a great work ethic and realistic goals all which I can see being achieved in this company. Many people have a hard time dealing with the overhead cost of insurance and Umbrella Coins product maybe the answer to some of the hurdles most face in these situations. The project has a lot of obstacles to face in the future and with the dedication and drive this ICO has its something to keep a close eye on as their sale progresses into October.

                               To learn more visit http://Umbrellacoin.org