Insurance for stocks works quite simply. Insurance works to help investors recoup losses on trades. When investors sell their stocks below a protected price, they’re reimbursed. For example, if I have 20 shares of a stock insured at $10/share, and I sell them at $7/share, I’m reimbursed $3/share for my losses for a total of $60 ($20 x $3/share = $60).

Investing in the stock market can be complicated, intimidating, and unpredictable.  Investors are always looking to grow their long term portfolios, and purchasing insurance helps protect them against large losses and helps promote long term investment growth.

Belay was developed to help everyday traders protect their investments in the stock market.  Belay wants to help investors grow their portfolios over time and continue investing in the market.  Belay developed an insurance solution that provides retail investors with the ability to be reimbursed for losses in the market.  Before, investors needed expensive tools and expertise to navigate preventing losses in the market.  Belay has simplified this with an insurance policy for your stocks.  It’s like travel insurance, but for your investments.

Belay and TraderPal recognized the opportunity to help TraderPal users continue to grow their investments in the market by providing insurance as a way to protect them against losses. TraderPal is partnered with Belay to offer insurance directly to its users.

Belay’s insurance is offered exclusively to TraderPal’s users.  TraderPal users can visit www.traderpal.withbelay.com to view policy offers, purchase a policy, and monitor claims. Simply log in with the same credentials you use to log in to the TraderPal application when prompted.  Once logged in, you will see your TraderPal holdings and be able to view policy offers if available.  Only stocks purchased and sold via TraderPal are eligible for insurance at this time.

Insurance premiums are the price you pay for coverage on an asset.

The Insurance premiums vary based on the amount of stock you’re covering, the duration of your coverage, and the stock itself.  Some stocks may have higher premiums than others due to market factors.  For example, the automobile insurance premium for a family sedan will be very different from that of a sports car.

Yes!  When you purchase a policy from Belay, you will receive a policy document via email, just as you would for your home, renters, or automobile insurance.  The official policy document details how much coverage you are eligible for and includes confirmation of the insurance premium paid to Belay.

All insurance policies are issued by Belay Insurance Services, LLC.  Belay Insurance Services is partnered with Concord Specialty insurance Company to operate within the insurance laws of each individual state.

The stock insurance policies are available in select states within the United States.  Belay Insurance Services will only provide an offer of valid insurance within the states it is licensed to operate.  Users must be a resident of the state in order to purchase an insurance policy.  The eligibility is dependent on the state in which you’ve registered your TraderPal account.  For more information, please contact support@withbelay.com.

Unlike other forms of insurance, we’ve simplified the claims process for you.  Claims are automatically filed when you sell your  insured stocks below the protected price on TraderPal. That’s it! There are no forms for you to submit.  Belay will validate your claim and automatically submit a reimbursement directly back into your TraderPal account.

Belay will issue insurance for all volumes of shares, including fractional shares.  Shares do not need to be insured in round lots of any multiple (e.g., lots of 100).

Because Belay is integrated with TraderPal’s brokerage platform and account. Belay will verify you have funds to pay your insurance premium, and the premium is withdrawn directly from the TraderPal account. Premiums are paid upfront upon purchase of the policy.

Belay will insure most stocks and ETFs available through major exchanges.  Crypto, Forex, etc. are not eligible for insurance at this time.  Stocks listed on exchanges outside of the United States are currently ineligible for insurance.  If we are unable to offer insurance on a stock, we will notify you at www.traderpal.withbelay.com.

Absolutely! Insurance policies cover an individual stock at a time.  You can purchase insurance policies on multiple stocks.  Each policy is separate; once you purchase a policy on a stock holding, you can revisit www.traderpal.withbelay.com to view policy availability on other stocks in your portfolio.

If you wish to insure the new shares, you must purchase a separate insurance policy for those shares.  Your existing insurance policy only covers the shares that you own at that time.

The insurance policy only covers reimbursements for shares sold at a loss.  For example, if you sell a portion of a covered holding above the protected price, and sell the remaining portion below the protected price, only the diminished value of shares sold below the protected price (at a loss) are reimbursed.

The original insured property monetary value is still covered by the insurance policy, provided the stock split is completed prior to the policy expiration date/time.

The original insured property value is still covered by the insurance policy, provided the reverse stock split is completed prior to the policy expiration date/time.  In the event that the investor’s position is closed due to insufficient shares to complete a reverse stock split, the policy will also be closed. In the event of position closure due to this market condition, the paid premiums will be refunded upon policy closure.

The insurance policy is considered valid for the remaining shares of insured property until the original expiration date/time.  If you purchase additional shares of the same symbol after making a partial insurance claim, the new shares of that symbol are NOT covered under the existing policy.  You must purchase a new insurance policy, if available, for the additional shares of that same symbol.

The insurance policies are transferable between brokerages provided the brokerages are already partnered with Belay.  If Belay does not have an existing active agreement with the new brokerage, the company will refund all premiums on valid insurance policies at the time of transfer.  The company will consider the policy canceled upon receipt of proof of account transfer.

The coverage offered in the certificate will no longer be valid, and the insurance policy will be considered terminated.  Any paid premiums will be refunded upon confirmation that the position is closed.  Any diminished value will not be reimbursed.