Would there be an option to pay the rest of the annual rates as a deductible on the claims, and then either not worry about it or begin a new policy?

 

Well, suppose I get scammed, 3 months in, for $2.5m. That's my policy cap for 12 months. You'll owe me $2.5m per the insurance terms, and I'll still owe you $675k (9 months premiums). Would it be reasonable to just take $1825k (the difference) as my payout, and close out the policy (as all contractual obligations had been filled on both sides)?

Following that, would I then be able to start a brand new policy, with new premiums (as if I had not been a customer before).

 

That's not really a loophole though - I'd literally be paying for a new policy again. You'd effectively get double premiums for the time of the overlap.

 

Is it possible to upgrade to a higher level of insurance while a policy is active? For instance, if a business starts small but grows and needs a higher level of insurance, is this possible.

Also, how does this work when it comes to the scammer repaying their debts? I presume that if I make a claim and a scammer is subsequently unbanned and repays all or part of the debt, I pass the repayments onto you. Is that correct?

 

Would it be possible to get coverage on max tools? Or in other words, a personal bronze plan?