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Insured Finance
  • Insured Finance - Documentation
  • Welcome
    • Glossary & Appendices
  • Understanding Insured Finance
    • Things our users can do
    • Things our users are responsible for
    • The Token
    • Common misconceptions
    • Terms and Conditions
  • How-to Guides
    • Create a New Listing (Request or Offer a Cover)
      • Create a cover request listing
      • Create a cover offer listing
    • Take a Listing (Buy or Provide a Cover)
      • Take an Offer (Buy an Insurance Cover)
      • Take a Cover Request (Provide an Insurance Cover)
    • My Listing
      • My Request
        • Premium Refund for All Covers
        • Premium Refund for Individual Cover
        • File a Claim (Cover Request Listing)
        • View Claims, Claim Payout, and Claim Check the Cover Request page (Stablecoins example)
      • My Offer
        • Deposit Refund for Individual Cover
        • Deposit Refund for All Covers
    • Taken Listing
      • Taken Offer
        • File a Claim (Taken Offer)
      • Taken Request
      • Premium Claims (Earn Premium)
      • Deposit Refund
    • Token Bridge
  • Premium Fee and Listing Fee
    • Premium Rate
    • Listing Fee
  • Claim Monitoring Period and Payout
    • Claim Monitoring Period & Claims Payout - V1
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On this page
  • Things our users can do
  • The Policyholder
  • The Provider
  • Things our users are responsible for
  • The Policyholder
  • The Provider
  • The Token
  • Common misconceptions

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  1. Understanding Insured Finance

Terms and Conditions

Things our users can do

The Policyholder

  • Buy an insurance cover product to protect against potential loss or damage suffered. Stablecoin devaluation can be covered when the value drops by more than 25%.

  • Request an insurance cover product to get tailored coverage.

  • Withdraw the paid premium if an insurance request fails to reach the requested amount.

The Provider

  • Provide an insurance cover product and earn premium in return.

  • Offer an insurance cover product and earn a premium in return.

  • Withdraw the deposited funds if the deposit period (lock-up period) is passed.

Things our users are responsible for

The Policyholder

Paying a predetermined premium upfront

The Provider

Willing to lose the deposited funds in case of any loss or damage suffered by the policyholder.

The Token

The INFI token represents membership rights in the INFI platform. It enables members to create an insurance cover listing or to take a listing from the marketplace.

Essential rules

Creating a new insurance cover request or offer listing requires 5000 INFI. Taking a cover request or offer listing also requires 5000 INFI

A tier system is in place for the creation of new cover request listings

  • Bronze: To make a cover request of up to $10,000, you need a minimum balance of 5,000 INFI.

  • Silver: To make a cover request if up to $50,000, you need a minimum balance of 10,000 INFI.

  • Gold: To make a cover request of up to $100,000, you need a minimum balance of 25,000 INFI.

  • Diamond: To make a cover request of up to No Limit, you need a minimum balance of 50,000 INFI.

Common misconceptions

Insured Finance (INFI) is not an insurance company. Insured Finance is a peer-to-peer marketplace that facilitates the provision of digital asset insurance.

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Last updated 3 years ago

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