In the decentralized finance (DeFi) space, insurance provides a way to protect assets from risks like smart contract failures or protocol hacks. For someone new to this area, understanding the process of acquiring coverage involves several practical steps, from setting up tools to selecting specific policies. Common risks covered in DeFi insurance platforms include smart contract vulnerabilities, … Read more
Decentralized finance (DeFi) has transformed how individuals interact with financial systems, offering opportunities for lending, borrowing, and trading without intermediaries. However, the DeFi ecosystem carries risks such as smart contract vulnerabilities, hacks, and stablecoin depegging, which have led to over $2 billion losses in 2023 alone, according to on-chain data. DeFi insurance provides a safety … Read more
What Is an Endowment Insurance Policy? An endowment insurance policy is a unique financial product that combines life insurance coverage with a savings component. It ensures that the policyholder’s family receives financial support in the event of an untimely death while also providing a lump-sum payout if the insured survives the policy term. This dual … Read more
Jewelry is usually full of sentimental and financial value; it’s imperative to protect it against loss, theft, or damage. However, many people overlook the benefits and insurance of these valuable items, which could cause serious financial losses. Having insurance on your jewelry ensures that in the instance of the unexpected it will make the process … Read more
What is Fire Insurance? Fire insurance is a type of insurance policy that provides financial coverage for damages or losses caused by fire. It protects your property—whether it’s your home, office, or business—by covering the costs of repairing or replacing the damaged structure and belongings. This policy ensures you are not left to bear the … Read more
Losing a loved one is one of the most difficult experiences in life. On top of the emotional toll, you may find yourself dealing with various responsibilities, including managing their financial affairs. If your loved one had a life insurance policy, knowing how to claim the benefits can help ease some of the financial burden … Read more
Decentralized Finance (DeFi) insurance refers to a blockchain-based insurance system that operates without the need for traditional intermediaries such as insurance companies or brokers. In DeFi insurance, smart contracts are used to automate claims and payouts, allowing users to protect their digital assets in a decentralized manner. This innovative approach aims to bring more transparency, … Read more
You’ve probably heard of investments like mutual funds or stocks, but have you ever heard of something called “segregated funds”? Let’s break down what they are and why you might want to invest in them. What is a Segregated Fund? A segregated fund is a type of investment that comes with a special insurance feature. … Read more
Workers’ compensation indemnity is more than just a safety net; it’s a fundamental component of workplace safety and financial stability. It protects employers and employees when accidents or illnesses occur on the job. This article will explore how this coverage benefits both sides and why it’s essential for a secure work environment. What Is Workers’ … Read more
Child insurance is often used as an investment strategy by parents to ensure the financial safety of the future of their children, and these plans can be easily obtained from life insurance firms as a way of investing in the future of your children. When your children grow into adults, they will appreciate it if … Read more
Accidental death and dismemberment insurance offers coverage for a death that happened via an accident. Also known as AD&D insurance, it covers cases where the insured loses a limb or a function such as sight or hearing in an accident. It is usually added as a rider to life insurance (or a health insurance policy) … Read more
If there is anything that makes me love life insurance, it is the money-back aspect of it. You may not know how it feels when you get regular payouts, maturity benefits, and death benefits in addition to the bonus. Meaning So, what is a money-back insurance policy and how does it work? A money-back insurance … Read more
It is almost mandatory for every car owner in the U.S. to have an auto insurance policy, which is why 49 out of the 50 states require every driver to have active car insurance. In neighbouring Canada, all drivers must have an active car insurance policy. When we take into consideration the fact that every … Read more
Pet insurance is designed to cover the costs of the medical care of your pet if it gets injured or becomes very sick. Rather than being burdened by vet bills for treatment all alone, your pet insurance policy renders valuable assistance. Types Of Pet Insurance Policy There are three major types of pet insurance, which … Read more
Credit life insurance is a very unique form of life insurance that will settle the outstanding debts of a borrower in the event of the death of the policyholder. This policy ensures that you don’t leave debt for your loved ones. You don’t want your loved ones to inherit your debts. This specialized policy is beneficial … Read more