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NFTs as Insurance Policies

Day By Day's decentralised insurance platform uses NFTs as insurance policies.
Day By Day has developed a unique use case for NFTs in the form of decentralised insurance policies.
By holding a Day By Day insurance policy NFT, you are not taking out insurance cover, but rather, investing in an income-generating assets that insurance customers use to protect their assets, paying you a % of their premium for using your policy.
The Day By Day insurance policy NFT holder does not take on the risk of the asset coverage, but rather, is backed by DeFi underwriting and staking pools.
Day By Day insurance policy NFT holders become what we call an 'insurepreneur', promoting the use of their NFT to insurance customers whose assets match the assets in the NFT policy.
Day By Day launched the web3 insurance platform with 6 asset categories and 4 insurance events:

Asset Categories

  • Art
  • Appliances
  • Electronics
  • Furniture
  • Jewellery
  • Tools

Insurance Events

  • Fire
  • Theft
  • Water
  • Vehicle Impact

Cover Duration

  • Up to 1 Day
  • Up to 3 Days
  • Up to 7 Days
  • Up to 14 Days
  • Up to 21 Days
  • Up to 30 Days
  • Up to 60 Days
  • Up to 90 Days
  • Up to 180 Days
  • Up to 365 Days
  • Up to 2 years
  • Up to 3 years