Buy cover
A step-by-step guide on how to buy cover

STEP 1: Launch InsurAce App and connect your wallet

STEP 2: Buy Cover

  • Navigate to Buy Covers page
  • A collection of covers will be displayed for you to choose from.
  • You can Search and filer protocols using the search bar and filters on the left.
  • The Chain and Risk Type currently supported is listed below:
Blockchain
Risk
Ethereum
BNB
Polygon
Avalanche
Solana
Fantom
Gnosis
Arbitrum Cronos Moonriver
Moonbeam
Bifrost Celo Harmony Boba
ICON
Ontology Aurora Optimism
Smart Contract Vulnerability
Custodian Risk
Stablecoin De-peg Risk
  • For each cover, the following information will be shown to help you understand what and how much you will pay for. You can also mouse over to view the definition.
  1. 1.
    Risk Type will indicate the coverage of this Cover
  2. 2.
    Chains will indicate the list of chains this Cover will cover
  3. 3.
    Daily Cost will indicate the daily premium rate of cover amount.
  4. 4.
    Capacity will indicate the amount available to purchase.
  5. 5.
    Policy Wording will elaborate the T&C of this Cover
  • Select the protocols you would like to get covered. You can select one or multiple protocols to cover as one portfolio to save your premium and gas fee.
Note: Bundled Cover are not supported to make into Portfolio Cover. Please purchase them separately.
  • The number on the shopping cart will be updated automatically when you Select/Unselect a protocol.
  • Click on the shopping cart when you finish the selection of protocols
  • On the checkout page, you can add additional protocols. You can also delete the protocol by clicking Remove button at the rightmost side of each protocol
  • Select the cover currency for your payment
  • Enter the Covered Address, Cover Amount and Cover Period for each protocol. Once done, wait for the system to calculate the Total Premium.
In the event of a successful claim, you will be paid out in the currency selected above up to the cover amount which is calculated based on the price of the base currency at the time the loss is triggered.
  • Enter the Referral Code (Optional) to get 5% premium rebate in INSUR token. You can join our Discord and Telegram to ask for referral code from our community members. For details, please check Refer & Earn Program.
  • The claim process, the Cover Wording for the respective Risk Type associated with the selected protocols and the general T&C of InsurAce.io platform will be displayed at the bottom. Please read to make sure you understand all the Terms and Conditions.
  • Tick the check box, and click Approve/Confirm.
  • Confirm the transaction in your wallet. Once the payment is done, congratulations! your assets are now get protected by InsurAce.io.

STEP 3: View Active/Expired Covers

  • You can view your covers by clicking My Records > My Covers. A list of active and expired covers with details will be displayed.
  • Click More to view the transaction details
If you need any assistance, please do not hesitate to reach out through Telegram, Discord, or post on Forum.
Last modified 13d ago