Although I`ve read that insurance schemes exist for HYIP`s, this is the first one I`ve taken a look at.

Great idea, or just another scam?

Judge for yourself- http://hyinsurance.com


"We are a group of experienced HYI investors. Investing in HYI programs is our full time job. Because we have time to research out more programs than most HYI investors, we make quite stable incomes from investing in this arena. Our profits are decent but not outrageous, like some admins claim. Over the years, we have gone through the experience from loss to profit.

Based on our experience, we believe that most people can make a quite nice income from investing in HYI programs if they persist investing in this arena for a few years. Unfortunately many investors gave up after quite substantial losses in the first year. It is therefore desirable for people to cut loss when they are relatively inexperienced.

One way to prevent substantial investment loss is to have insurance. We decided to do this three years ago. But creating a viable insurance plan for HYI was not easy. It took us 22 months to finally work this out. HYInsurance was born in October of 2002."
----------------------------------------------------------------------------------

Geoff

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I would call them a scam.... [-(

Works like an HYIP Pool :-s

I wonder if anyone took out insurance against HYInsurance failing?

The site has gone!

There could be a logical explanation, especially since they have only very recently been talking about having their own people taking a look at PIPS at their convention. Or of course it may have simply collapsed under the weight of having too much money to pay out with all the scams around.

Geoff

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This is a response I saw at TG from their Admin.
Geoff

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So, the domain`s been stolen has it?


Geoff

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Well judging by this post by John Carlson I spotted earlier it seems that HYInsurance isn`t dead and buried.

Geoff

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Is this still going, or has it sunk without trace?

Geoff

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Yes our business is operating normally. We just received 2 premium payments and paid a claim.

As to our website, we are still hoping to get the old domain. If that is impossible, we will need to find another domain. It may still take a few months, as we are also planning to revamp the old website. But we are conducting our business with this email.

Best wishes,

John Carlson
President of HYInsurance

freetheword, thanks for posting that update.

It does seem to be taking them rather a long time to get the domain and website problems resolved, but let`s hope they manage to do so for their `policyholders` sake.

Geoff

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