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:
Arbitrum Cronos Moonriver
Bifrost Celo Harmony Boba
Ontology Aurora Optimism
Smart Contract Vulnerability
Custodian Risk
IDO Event Risk
Stablecoin De-peg Risk
  • 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.
  1. 1.
    Risk Type will indicate the coverage of this Cover
  2. 2.
    Chains Covered will indicate the list of chains this Cover will insure
  3. 3.
    Daily Cost will indicate the daily premium rate of cover amount.
  4. 4.
    Remaining Capacity will indicate the amount available to purchase.
  5. 5.
    Coverage & Exclusion will elaborate 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, 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
  • Select the base cryptocurrency for your payment
  • Enter the 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 cover is triggered.
Select Base Curreny
Enter Cover Amount and Cover Period
  • 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 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.
  • Click the link at the right end to view the transaction details
  • 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.