# 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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.insured.finance/understanding-insured-finance/terms-and-conditions.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.