InsurAce Reviews

Summary: For now, the dapp is very user friendly and I could cover my assets, fortunately I haven't been hacked to talk about an experience.

Positive: I think it is incredible that with such a fantastic job these guys are doing, they are still people not using their services. We hear every time hacks, scams, and stablecoin de-pegs (yes, I was a UST crash victim), but what are we doing to avoid this?

Unfortunately, I didn't have coverage with them when the Terra collapse happened, but I chatted with one of their members and I didn't doubt becoming a user as soon as possible. Believe in them, believe in the security, believe in Defi.

Negative: I think they should do more interviews, chats, conferences, etc., to be better known worldwide. Also, maybe implement an easier claim process.

Summary: InsurAce is one of a few DeFi insurance protocols in the market now, they seem to be popping up a lot over the last year, but InsurAce seems to be the fastest growing and one of the more popular ones. It's headed up by a good team who are active in their community and they've got a good selection of partners and investors behind them.

Positive: Protected users against losses in Terra ecosystem collapse. No KYC, and very good UI / UX to help a swift and easy purchase process. Also great value defi cover relative to other competitors in the market.

Negative: Cover wording and documentation is a little bit ambiguous at times but I think that's being fixed soon.

Summary: Good experience, happy that they take initiative. Especially in a bear, it's rare to see a protocol building so fiercely while other devs give up.

Positive: Pays out in stables, sometimes a mix. Can see them making big improvements by the looks of their Telegram and Discord.

Negative: Maybe just need to update their website design. You get some minor technical issues sometimes but they respond and fix them quite fast.

Summary: Customer support is very responsive and its super easy to buy insurance. The team is constantly putting out new features and offerings.

One big benefit is that its on Polygon, Avalanche, Ethereum and BSC so you can buy insurance without worrying about gas costs.

Conservatively underwritten so you can rest easy knowing the money will be there when you need it. The big UST payout was handled smoothly and was one of the biggest crypto insurance payouts to date.

Positive: Easy purchasing experience, conservatively underwritten, great prices. (on many different networks ETH, AVAX, Matic, BSC so its easy to access).

Negative: Sometimes they are sold out of cover I want to purchase.

Summary: Very positive experience overall.
Excited to see them expand, get more protocols added, and to offer deeper liquidity so that big whales can get protected.

Positive: Professional doxxed team.
Unique approach to defi insurance.
Unique protocols offered.
Track record with $12 million UST de-peg payout.

Negative: I think things could be moving faster and the community needs to grow. New tokenomics needs to happen asap. Need much deeper USDC:INSUR AMM pools.