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 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:
- Art
- Appliances
- Electronics
- Furniture
- Jewellery
- Tools
- Fire
- Theft
- Water
- Vehicle Impact
- 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
The combination of these attributes make up your unique 1:1 NFTs.
Last modified 8d ago