UMBRELLA COIN - innovation in the field of insurance

Hello Everyone, I introduce me to umbrella coins, is an insurance policy for next generation models to provide risk management for individuals and businesses. This insurance policy will be built on a decentralized blockchain platform to avoid the costs and management costs associated with traditional insurance companies. The purpose of the umbrella policy is to cut the middle man and stop paying more for coverage.

The purpose of umbrella coins is to make a decent umbrella token for standard benefit payments and then expand to a full insurance policy.

The concept of umbrella coins is insurance. Speaking of insurance, it is a financial contract in which the buyer is protected from financial responsibility in the event of an emergency or unforeseen event.
There are many terms that comply with the insurance policy. I'll discuss it.

Intermediaries are licensed agents for selling insurance and they tend to make commissions from insurance sales that are part of which umbrella coin to fight for.

Intermediaries who benefit from the sale of an insurance policy tend to increase their purchase costs. Also one thing that I want you to understand is the fact that insurance is sold based on the risk of forseen policyholders. Based on perceived risk, or previous insurance claims, the policyholder can be viewed as a larger obligation and forced to pay more.

with time, the rate of increase for car insurance and life insurance because you are vulnerable to risk.
commission on insurance sales by intermediaries (agents), thereby increasing the cost of purchasing an insurance policy.

Premiums are high as a result of perceived risk?

Insurance companies collect funds and interest on the money of the policyholder, not the policyholder itself.

cost deductibles?
HOW UMBRELLA TOKEN JOB
UMC will operate with coin holders acting as policyholders and insurance companies, which basically incorporate traditional format roles. Now take a look at this; UMCis is not bound to reimburse insurance, but complements insurance initially instead of insurance.
UMC is a platform to ensure high insurance premiums, customers are not left with high out-of-pocket costs. This applies to all forms of insurance whether it is health, cars, life, property. UMC seeks to disrupt the hidden finances by bringing in existing insurance policies.

Solutions Provided by Umbrella Coin
WBU seeks to eliminate intermediaries (ie brokers / agents), as the policyholder's expenses increase
UMC seeks to reduce the high premiums paid by policyholders
UMC wants to be a unique solution for insurance
UMC wants to eliminate the hidden costs associated with the insurance policy so that policyholders can enjoy the benefits in the event of an emergency and can also enjoy peace of mind. Thereby minimizing risk factors and costs associated with the insurance sector as a whole.

It is important to note that Umbrella Coin not only sees the US market. International expansion is also on the agenda. In addition, they will provide these services for a variety of methods, including health care, car insurance, among others.

However, they are not active insurance providers, but will seek to complement existing service providers around the world. Sounds like a big project, and white paper offers more specific details about the business model.

ICO Details:
start date August 20 12:00 UTC Crowdsale,
End Date: October 20, 2017 12:00 UTC Crowdsale,
UMC: 100,000,000 tokens is volume Publishing.
600 UMC = 1 ETH is the exchange rate.
60 UMC = 0.1 ETH Minimum contribution.
minimum: 5000 ETH collection purposes.
maximum: 100,000 ETH collection targets.
for 5000 ETH Bonus, the first participant will receive 100%
bonus,: 1.200.000 tokens (1.2% of release) Bounty.
Rules for distribution will be available for token participants: 68.8% (68 million Tokens).
20% (20 million tokens) will be used to create a pool
10% pre-buffer (10 million tokens) will be distributed among team members

For participants who wish to make a purchase and at the time of distribution, the umc token cooperates with smartcontract ethereum, as UMC supports ERC20, so at the time of distribution it will be sent via wallet ethereum that support ERC20.

UMC or umbrella coin has a team work that has been reliable in the field and has been in the world of cryptocurency for many years so can not be doubted their ability in working on this project. so throw away your feelings and immediately invest.
well I will introduce anyone who joined this team, the following photos and people - people who participated in the team.

Team Umberella

further information :

Official website:https://www.umbrellacoin.org/
whitepaper:https://github.com/umbrellacoin/umc/blob/master/documents/UMC.pdf
facebook: https://www.facebook.com/umbrellacoin/
twitter: https://twitter.com/umbrellacoin
Reddit: https://www.reddit.com/r/UmbrellaCoin/
ANN thread: https://bitcointalk.org/index.php?topic=2025943
github: https://github.com/umbrellacoi

Bitcointalk (RyanEncek): https://bitcointalk.org/index.php?action=profile;u=1076774