Buy cover
A step-by-step guide on how to buy cover
Note: For buying IDO Event Risk Cover please read Buy IDO Event Risk Cover

STEP 1: Launch InsurAce App and connect your wallet

STEP 2: Buy Cover

    Navigate to Buy Covers page via Insurance > Buy Covers
    A collection of covers will be displayed for you to choose from.
    You can Search and add protocols using our search bar on the right.
    Alternatively, you can use the filer on the left to filter the protocols by Chain Type or Risk Type.
    The Chain and Risk Type we currently cover is listed below:
    For each cover, we will show the following information to help you understand what and how much you will pay for. You can also mouse over to view the definition.
    Chain Type will indicate which chain this Cover will insure
    Risk Type will indicate the coverage of this Cover
    Daily Cost will indicate the daily premium rate of cover amount.
    Security Rating will indicate the underlying risk of each protocol. A higher Security Rating means the protocol is more secure and the likelihood of an occurrence of a hack, bug or exploit or the severity of such event is low. Find more on Risk Assessment.
    Capacity will indicate the amount available to purchase.
    Cover details will allow you to read the terms and conditions 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: IDO Event Cover and 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, select the base cryptocurrency for your payment, in the event of a successful claim you will be paid out in the cryptocurrency you select here.
    You can add additional protocols using the search bar.
    You can delete a protocol by clicking Remove button at the rightmost side of each protocol
    Enter the Cover Amount and Cover Period for each protocol. Once done, wait for the system to calculate the Total Premium.
    Enter the Referral Code (Optional) to get 5% premium rebate. 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 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 Confirm.
    Once the payment is done, congratulations! your assets are now get protected by
Transaction Commited Successfully

STEP 3: View Active/Expired Covers

    You can view your active covers by clicking Insurance > Active Covers. A list of active covers with details will be displayed.
    You can view your expired covers by clicking Insurance > Expired Covers. A list of expired covers with details will be displayed.
If you need any assistance, please do not hesitate to reach out through Telegram, Discord, or post on Forum.
Last modified 11d ago