Claims and Payouts

FAQ on Claims and Payouts

Q: How do I file a claim with CLAIM?

A:

• Connect your insured wallet(s) to the CLAIM platform

• Fill out the claim form with details of the incident

• Submit evidence supporting your claim (e.g., transaction hashes, screenshots)

• Wait for the AI and DAO review process to complete

Q: How are claim payouts calculated?

A:

• Payouts are based on your coverage level and premium payments

• The percentage of loss covered increases with higher premiums

• Maximum payout is capped at your policy's coverage limit

• Payouts are typically made in stablecoins (e.g., USDT) for value stability

Q: What happens after I submit a claim?

A:

• AI system performs initial fraud detection and assessment

• DAO members review your claim and evidence

• You may be asked to provide additional information if needed

• Once approved, payout is processed automatically to your wallet