Introducing EarthquakeProtect

PolicyPal Network has recently launched EarthquakeProtect to provide protection against natural disasters for as low as $0.99; parametric claims handling included. EarthquakeProtect tracks global earthquake events in real-time and if one triggers the protection purchased (think: magnitude ≥ 6.0), then a claim will automatically be filed and verified on behalf of the policyholder.

Bottom Line: The payout amount is fixed at $100 per event within the protected period, and policyholders will be entitled to a maximum of 1 payout per day even if multiple triggers occur within the day.