SAFE REWARDS™

AquaGuardian returns to program participants all of its premium income that it does not need to pay claims and operating expenses. No other insurance company or program available to the pool and spa industry does that.

Each year, program participants share in the Safe Rewards™ in proportion to their contribution to the total amount available for distribution. Safe Rewards™ for a given policy year are paid out over a four-year period commencing 2 ½ years after the close of each underwriting year. This progressive payout system allows AquaGuardian time to accurately estimate the amount of the total available Reward. The annual premium paid by each participant for each policy year is the participant's maximum cost for that year. There are no calls or assessments, and each year stands on its own with no carry-forwards or carry-backs.

While this approach to insurance is innovative in the pool industry, its roots were planted in colonial Philadelphia when, in 1752, founding father Benjamin Franklin formed an insurance association, the Philadelphia Contributionship, using the same risk sharing concepts. That company is still in business today, and continues to insure some of the same properties that it insured in 1752.

Turning Insurance Premium into Your Profit

As of June 2009, AquaGuardian (AGI) had returned almost $5,000,000 in Safe Rewards™ to participants with policies in 2003 through 2006. Additional payouts for 2004 - 2006 policies will be made in the future, along with payouts for policies written in 2007, 2008 and 2009. Safe Rewards™ can be as much as 30-35% of a participant's premium depending upon loss experience.