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Description

Choose your crop and the site of your field, as automated compensation is activated by drought or flood incidents reported by government agencies. This represents the pioneering phase of decentralized insurance. The payouts are not only automatic but also nearly instantaneous. Now fully authorized, this system is tailored for individuals with low incomes and small business proprietors. Instantaneous payouts are triggered by wind speeds detected by weather stations located within a 30-mile radius of the insured's permanent residence. It also offers safeguards against the risks of theft and cyber attacks on smart contract wallets. Additionally, it provides cost-effective and easily accessible protection against the potential loss due to the death or serious illness of a community member. The provision of immediate emergency payments ensures that individuals can navigate through challenging times with greater ease and support. This innovative approach to insurance can significantly enhance the resilience of vulnerable communities.

Description

Insured Finance operates as a decentralized P2P insurance marketplace that facilitates easy claims and swift payouts, built on the robust Polygon network. This platform allows participants to seamlessly request or offer coverage for an extensive range of cryptocurrency assets. With fully collateralized claims, users can expect immediate compensation, thereby safeguarding against vulnerabilities such as bugs and smart contract exploits. Given that tens of millions in USD have been lost to smart contract attacks, Insured Finance serves as a protective measure against these risks. Additionally, users can insure their cryptocurrency holdings on exchanges, mitigating the financial impact of hacks or bankruptcy events that have led to hundreds of millions in losses. The stablecoin sector has expanded to over $25 billion, but it remains susceptible to various hazards, including security breaches and issuer insolvency. Insured Finance enables users to shield themselves against potential stablecoin failures, ensuring their investments are better protected in an unpredictable market. With this innovative approach to insurance, participants can engage with cryptocurrency markets more confidently.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Ethereum
Polygon
Telegram

Integrations

Ethereum
Polygon
Telegram

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Etherisc

Founded

2016

Country

Germany

Website

etherisc.com

Vendor Details

Company Name

Insured

Founded

2020

Website

insured.finance/

Product Features

Alternatives

Alternatives