What it covers
A narrow product, deliberately.
Clear boundaries are what make this coverage workable. The current product concept responds to severe, objectively verifiable disruption to household earned income — and says so plainly.
What activates coverage
Designed for catastrophic loss of household income.
Emergency Fund Gap Coverage is not intended to reimburse every unexpected expense. The current product concept is focused on severe, objectively verifiable disruption to household earned income.
Designed for
A qualifying catastrophic decline in household earned income that creates a verified essential-expense shortfall, subject to final policy terms.
Illustrative household earned income, month over month
Not designed for
The following are not positioned as standalone triggers:
- Roof replacement
- Car repairs
- HVAC replacement
- Routine medical bills
- Home maintenance
- Vacations
- Discretionary spending
- Ordinary fluctuations in monthly expenses
An unexpected expense alone does not create a claim.
The current working product design uses a significant household earned-income decline as the entry point for claim eligibility. Exact triggers and definitions remain subject to actuarial, carrier, legal, and regulatory validation.
How it differs
A different financial problem deserves a different design.
Emergency Fund Gap Coverage is being designed to complement — not replace — disability insurance, unemployment benefits, and the rest of a household's protection.
Disability insurance
Generally replaces a portion of income when a qualifying medical condition prevents an insured person from working.
Unemployment benefits
Public benefits generally tied to qualifying job loss and statutory eligibility requirements.
Emergency Fund Gap Coverage
Designed around the household's verified liquidity shortfall following a qualifying catastrophic income disruption.
The organizing question is not simply “Why did your income stop?” It is also “How much essential financial need remains after income, available savings, and other applicable benefits are taken into account?”
Help shape a new category of household protection.
Reserwell is currently validating Emergency Fund Gap Coverage with insurance professionals, prospective customers, and industry partners. The initial market is intended to be Utah, subject to carrier participation and all applicable regulatory requirements.