Florida and California · Closed pilot
FiSure is a marketplace, not an insurer. Property owners list. Carriers underwrite the parametric policy. Companies and neighbors fund the rest of the premium. Building stronger, more resilient communities together.
Contributions are not deposits, not insurance policies, and not FDIC-insured. FiSure does not underwrite, hold risk, or adjudicate claims.
Florida · Hurricane
Category 3 or higher landfall confirmed by NOAA NHC within the carrier-defined radius. Parametric — paid on the trigger, not on a loss-adjuster visit.
Illustrative listing. A policy is not issued until the premium is fully funded. If no qualifying trigger occurs, the premium is consumed by the carrier — there is no refund.
01 — The gap
A growing share of owners cannot fund the premium required for adequate cover, and indemnity settlement is slow. FiSure’s thesis does not depend on rates rising forever. It depends on those two conditions.
150,000+
California homeowners uninsured in high-risk wildfire zones
555,000+
California FAIR Plan policies — 4× in five years
2–3×
Florida average premium versus the U.S. average
$223B
Global uninsured disaster losses in 2024
Indicative market figures from the FiSure BRD v2.0 (2025–2026). Subject to confirmation with qualified advisors.
02 — Three parties
Structurally closer to a matching platform than to an insurer. FiSure lists, vets, escrows, and routes. The carrier underwrites and pays.
01
Named insured
List a residential or commercial asset. Pass ownership, KYC, and the 35% equity buffer. Fund at least 15% of the premium before the listing goes live. You are the named insured. After a trigger, you receive a share of net proceeds equal to your contribution percentage — after the lender is settled.
02
Risk bearer
List parametric products, set price and triggers, and underwrite each submission. FiSure sends a structured file pack. You bind the policy and remain solely responsible for adjudication. New premium from a segment that could not reach you on price.
03
Premium contributors
Corporate CSR programs and individuals help complete the premium. If a qualifying trigger occurs, you receive a pro-rata share of net proceeds after the lender and the owner allocation. If it does not — the expected year for most policies — the premium is consumed. There is no refund.
03 — The loop
A listing that expires unfunded is refunded in full. The owner has a short top-up window. There is no policy, and no carrier remittance, until 100%.
01
Address, ownership, mortgage, and value. FiSure checks the 35% equity buffer, KYC, existing cover, and whether the asset sits in a qualifying risk zone.
02
Eligible assets are matched to parametric products. A structured submission pack goes to the carrier by secure file transfer. The carrier returns premium, triggers, coverage, and quote validity.
03
The listing is not public until the owner’s minimum contribution is in segregated escrow. That percentage also sets their floor on any later net proceeds.
04
Contributors browse by place, peril, and funding status. First contribution requires a risk disclosure. If the listing does not reach 100% by the deadline, every dollar is returned — including the owner’s 15%.
05
At full funding, FiSure deducts its platform fee and remits net premium. The carrier issues the policy. The mortgage lender is named as loss payee. Documents go to owner, lender, and contributors.
06
NOAA, FEMA, USGS, and NASA FIRMS feeds are monitored. The carrier alone decides whether the parametric condition is met. FiSure alerts parties and routes proceeds if a claim is paid.
04 — Launch markets
Parametric cover pays a pre-defined amount when an objective trigger occurs — whether or not the building is damaged. That speed and transparency is why contributors can see the condition before they contribute. It also creates basis risk, which every listing must disclose.
| Market | Peril | Trigger |
|---|---|---|
| Florida | Hurricane | Category 3+ landfall confirmed by NOAA NHC within a carrier-defined radius. |
| Florida | Flood | FEMA-declared flood reaching a defined water-level threshold at or near the property. |
| California | Wildfire | Satellite-confirmed natural-fire perimeter (NASA FIRMS / USFS) within a carrier-defined radius. |
| California | Earthquake | USGS-measured event of magnitude 6.0 or greater within a carrier-defined radius. |
Phase 2 targets Texas, Louisiana, and the Pacific Northwest. Carriers remain solely responsible for confirming whether a qualifying event has occurred.
05 — If a trigger hits
An illustrative example: a $270,000 parametric payout on a property with a $200,000 mortgage. Your lender is paid first, clearing the debt. What remains goes to you, then to the people who helped fund your premium.
Fast cash in weeks after a disaster. It is not a full rebuild settlement, and it does not replace your primary policy.
Share of gross proceeds · illustrative · $270,000 total
$200,000
74% of gross
First priority. Named loss payee. Settled in full from gross proceeds. Skipped if the property is unencumbered.
$14,000
5% of gross
A share of what remains after the lender, at least equal to the owner’s premium contribution. Here, 20% of $70,000 net.
$56,000
21% of gross
The residual, distributed pro-rata by contribution. Not a deposit and not a guaranteed recovery.
Net position to the owner: $200,000 of debt cleared plus $14,000 cash in hand.
If no trigger occurs
The premium is fully consumed by the insurance carrier. There is no refund to the property owner or to contributors. That is the statistically expected outcome for most policies in any given year, and it is disclosed before a contribution is accepted.
06 — Closed pilot
We are not taking public contributions yet. Licences, a securities opinion, and an attorney-drafted disclosure come first. This form is a waitlist — not an offer of cover, and not an invitation to contribute.