Partners Integrated at CoverCompared- An Overview
We at CoverCompared are dedicated to providing our users with the best possible decentralized insurance service. With that goal in mind, we don’t shy away from expanding into new areas and constantly look for partnership opportunities that will create a comprehensive and accessible DeFi insurance marketplace.
We know that forming alliances with innovative companies will give us the edge to achieve our ultimate goal: optimizing the experience of purchasing insurance for everyone to protect themselves as well as their belongings within the crypto space. While offering unmatched prices on insurance policies, we are also aiming to bridge the gap in the insurance sector by collaborating with insurers offering varied lines of products.
CoverCompared and Biconomy partnership is one that will revolutionize the crypto space. Biconomy is a protocol that has helped in enabling gasless transactions for users. This partnership enables our users to purchase any insurance policy without additional costs.
Users often avoid engaging in the ETH network or even getting involved in crypto altogether simply because the gas fees levied are higher than the total transaction, which crosses affordability for most users. We are happy to enable our users to avoid paying gas fees thanks to this partnership.
Our official partner, Protect4Less allows you to buy device protection benefits for mobile phones, tablets, laptops, and other electronic devices for prices as low as 0.3$ a day. Protect4Less’s insurance products are reinsured by leading insurance providers such as AXA, Swiss Re, and Arch Re. Your electronic devices will be protected against accidental damage, mechanical or electrical failures, and theft by forced entry. In short, you don’t need to pay a ton of money when you drop your valuable yet fragile devices.
As a result of this partnership, we are able to offer you the ability to buy electronic device insurance using cryptocurrencies. Simultaneously, the Protect4Less community will gain visibility and wider market coverage by being integrated into the CoverCompared marketplace, making this partnership beneficial for both parties.
We are partnered with Insurace, a decentralized multi-chain insurance protocol, to offer our users portfolio-based insurance products with optimized pricing models. Safeguarding over $200.2M Defi assets on 15 public chains, Insurace provides reliable, robust, and secure insurance services to Defi users, allowing them to secure investment assets against various risks such as Smart Contract Vulnerabilities, Custodian Risk, IDO Event Risk, and Stablecoin Depeg Risk.
Our first foray into health insurance entails the inclusion of Medical Second Opinion products on our platform. MSO provides second opinions from some of the most qualified medical experts from a consortium of top hospitals internationally. This group of medical institutions all form part of the World Class Doctors Network. Moreover, the success rate of MSO is quite high — 65% of MSO’s actually result in a change of treatment plans.
Nexus Mutual also brings forth protection for your smart contract covers in case of any hacks or vulnerabilities that could threaten your smart contracts.
We rely on our expertise in blockchain technologies as well as strong partnerships we form with innovative companies that share our passion. DeFi evolves fast and unveils new opportunities each day. Decentralizing traditional banking, insurance, and investment services; Defi is the “next big thing” without a doubt. CoverCompared is here to protect your crypto-based assets and make crypto-based transactions as simple as possible.
CoverCompared is the First DeFi insurance marketplace for the global crypto ecosystem. We aim to lower transactional and administrative costs of insurance policies and coverage while providing high-value, cost-effective insurance products bought using a host of cryptocurrencies.
Our platform will be connecting users with multinational insurance providers for all global insurance products such as crypto-related protection, health, life, and travel policies. The platform will include a frictionless insurance marketplace experience that incorporates next-generation blockchain technology and tokenized incentives.