Frequently Asked Questions:

Question:

Do I have a conflict if I already filed an insurance claim with my homeowners or business policy?

Answer:

You should pursue your insurance claims as you normally would.  You are only assigning claims your insurance did not pay on to the Texans Helping Texans Recovery Fund.  The fund will only attempt to cover losses your insurance company did not pay for or for losses not covered by your insurance.  You should pursue all your insured claims with your insurance company.  You may proceed with your insurance company for insured claims and with the Texans Helping Texans Recovery Fund for claims your insurance did not pay on.

Question:

May I independently pursue claims discovered by the CirclesX system while I am enrolled?

Answer:

While enrolled in the CirclesX Recovery Fund Service, you may not opt out of the claims or suits both pending and in progress to sue on your own, or take action against the same defendants anytime in the future.  You may cancel the service at anytime and all claims or injuries that were initiated after you have cancelled the service may be pursued independently. 

Question:

Is there a time limit to sell and assign my claim to be included in the Texans Helping Texans Recovery Fund?

Answer:

The current recovery fund has a deadline of April 30th, 2021.  Claims sold and assigned before that date will have priority.  Claims after that date may not be accepted.

Question:

Is my data confidential?

Answer:

Yes, your data will only be used in accordance with the claim and case and software to enhance the claim.  

Question:

If I have legal questions what should I do?

Answer:

If you have questions, you should speak with your own counsel, legal advisors or advisors who can give you input on how best to proceed.  CirclesX is not a legal advisor or financial advisor.

Question:

How often will I be updated on the status of the potential 50% gross recovery of my claim?

Answer:

The website system is updated daily with updates.  Some days, no new information will be known, but the most current information will be available on the website through your secure account.  You will also be alerted towards products or services which may be causing you injury so you may independently consider the risk factors of continued use of the product or services.

Question:

How does CirclesX make money?

Answer:

CirclesX and our affiliates have invested in our own claim with large IoT database systems built over 20 years.  We are also willing to front the legal and discovery cost involved with the case which will be expensive and costly.  In taking these risks and buying your claim, we will lose if the case is not successful.  If the case is successful, 50% of the gross recovery of your ORIGINAL CLAIM will be paid to you and  50% of the gross recovery will go to CirclesX to cover our software, business, legal and other costs.  You have no out of pocket cash cost risk to join the fund.  You are only forgoing the right to pursue your uninsured claims separately on your own.