Custom Bundled Cover
How to customize your Bundled Cover
For users who wish to create their own combinations of protocols to be covered for Bundled cover, if the following requirements are fulfilled:
  • Minimum purchased cover amount: $200,000
  • Minimum purchased cover period: 1 month
You are eligible to submit a request via the link below:
InsurAce.io team will perform pre-view checks on the request. The processing time will be 5 to 7 working days. You will be notified via email of the result of your submitted request.

What is bundled cover?

The Bundled Cover makes 2 or more different covers/protocols bundled in one package, which offers lower premiums, easier user experience and broader coverage for insurance users. With the same cover amount, the bundled cover will entitle the insured to claim for his loss if one or more of the included covers are triggered. With such an approach, the insured will actually pay less while getting more coverage.
The Bundled Cover is designed for users who invest directly or indirectly across different protocols:
  • Directly: The user deposit in Protocol A, get the LP tokens (interest-bearing tokens) and then deposit the LP tokens into protocol B.
  • Indirectly: The User deposit in Protocol A. Protocol A deposits users' assets in protocol B to generate yield for the user.
Example: Anchor+Mirror+UST De-Peg Cover
If A deposits 100 UST into Anchor, getting back 100 aUST. Then deposits this 100 aUST into Mirror. To be fully covered, he needs to buy a cover for UST de-peg risk with a cover amount of 100USD, a cover for Anchor with a cover amount of 100 USD and another cover for Mirror with a cover amount of 100 USD. Now with our Anchor + Mirror + UST De-Pegbundled cover, he only needs to buy one cover with a cover amount of 100 USD, and get insured for both protocols and possible losses due to UST de-peg events.
Example: Alchemix+Yearn Finance Cover
If A deposits 100 DAI into Alchemix, the Alchemix platform will deposit these into the yearn.finance yDAI Vault. To be fully covered, he needs to buy a cover for Alchemix with a cover amount of 100USD and another cover for Yearn Finance with a cover amount of 100USD. Now with our Alchemix+Yearn Finance bundled cover, he only needs to buy one cover with a cover amount of 100USD, and get insured for both protocols.
Last modified 6d ago
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