inSure

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is inSure?

InSure (SURE) is a cryptocurrency token designed for insurance-related applications, aiming to provide a secure and transparent platform for the insurance industry.

How is inSure used?

InSure, also known as SURE, is an insurance service that allows users to manage their insurance policies and submit claims online. It operates on both smartphones and the web, providing a convenient platform for users to handle their insurance needs digitally. Additionally, SURE offers Episodic Insurance™, which allows users to purchase insurance coverage for specific periods or events.

How do I store inSure?

To store inSure (SURE) tokens, you can use various EVM-compatible wallets. Here are some options:

  1. Metamask Wallet: This wallet supports millions of assets and blockchains, making it suitable for storing and trading inSure DeFi (SURE) tokens.
  2. Trust Wallet: A popular choice for managing multiple cryptocurrencies, including inSure DeFi (SURE).
  3. Mist: Another EVM-compatible wallet that can be used to store inSure DeFi (SURE) tokens.
  4. myEtherWallet: A widely used wallet that supports inSure DeFi (SURE) tokens.
  5. Crypto.com DeFi Wallet: This wallet is also compatible with inSure DeFi (SURE) tokens.
  6. Ledger Live: A secure hardware wallet that supports inSure DeFi (SURE) tokens.
  7. Atomic Wallet: A multi-asset wallet that supports over 1000 coins and tokens, including inSure DeFi (SURE). It is trusted by 5,000,000 users worldwide and offers private, secured, and 24/7 online support.

When choosing a wallet, consider factors such as security, ease of use, and compatibility with your devices.

How to buy inSure?

To buy inSure DeFi (SURE) tokens, follow these steps:

  1. Choose a Reliable Exchange:

    • Select a trustworthy exchange that supports inSure DeFi (SURE) purchases, such as KuCoin, Binance, or Bilaxy.
    • Ensure the exchange is reputable, has a good user review, and supports your preferred payment method.
  2. Create an Account:

    • Register on the exchange's website or mobile app by providing necessary information, including your email address and a secure password.
    • Complete any required identity verification steps (KYC) to access more features and services.
  3. Add a Payment Method:

  • Add a credit/debit card, bank account, or other supported payment methods to your exchange account.
  • Follow the exchange's instructions for adding a payment method, which may vary depending on your bank's security requirements.
  1. Buy inSure DeFi (SURE):

    • Navigate to the Buy & Sell section and select inSure DeFi (SURE) as the cryptocurrency you want to purchase.
    • Choose your preferred order type, such as Market Order, Stop Order, or Limit Order, depending on your trading strategy.
  2. Transfer SURE to Your Wallet:

    • Once you've purchased your SURE tokens, you can either hold them in your exchange account or transfer them to your personal cryptocurrency wallet for additional security and passive revenue opportunities.

Alternatively, you can also use a decentralized exchange (DEX) by connecting your crypto wallet to the DEX and trading your Ethereum for inSure DeFi (SURE) tokens.

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History of inSure

inSure DeFi (SURE) is a cryptocurrency that has gained significant attention in the financial world. The Oslo Freedom Forum, a prominent global event, featured a discussion on the financial maturity and global impact of Bitcoin, which sheds light on the broader context of cryptocurrencies like inSure DeFi. This discussion highlighted Bitcoin's transformative journey and its profound influence on the global financial landscape.

However, there is no specific information available about the history of inSure DeFi (SURE) itself. The sources provided do not contain any details about its inception, development, or milestones.

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How inSure works

SURE (SureChoice Underwriters Reciprocal Exchange) is a member-owned insurance company specializing in coastal property protection. Founded in 2021, it is managed by a team of experienced insurance leaders who aim to build a safer world by providing reliable coverage for homeowners, businesses, and landlords along the coast.

SURE operates as a reciprocal exchange, meaning it is owned by policyholders and managed by an attorney-in-fact (AIF) who oversees day-to-day operations to benefit members. This structure allows the company to make decisions that prioritize the needs of its policyholders.

SURE offers a range of insurance products, including homeowners insurance (HO3 and HO5), dwelling fire coverage (DP3), flood insurance, business owners policies, and landlord coverage. These products are available in various states along the coast, including Alabama, California, Florida, Louisiana, Mississippi, North Carolina, South Carolina, and Texas.

SURE policies are exclusively offered through its partner SageSure, a leading pioneer in coastal property coverage. Policyholders can report claims to SageSure, which has a state-of-the-art claims team to handle and process claims efficiently.

SURE has received an "A, Exceptional" Financial Stability Rating from Demotech, Inc., an independent financial rating agency. This rating confirms the company's ability to pay claims and its commitment to doing so.

In summary, SURE works by providing specialized insurance products for coastal properties, managed by a team that prioritizes the needs of its policyholders, and backed by a strong financial stability rating.

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inSure's strengths

SURE Homeowners Insurance, offered by SageSure, has several strengths that set it apart from other insurance providers. These strengths include:

  1. Reciprocal Exchange: SURE is a reciprocal exchange, meaning it is owned by policyholders but managed and operated by an attorney-in-fact. This structure allows for more control and flexibility in managing insurance policies.

  2. Local Agents: SURE connects customers with friendly local agents to get quotes and manage policies, providing personalized service and support.

  3. 24/7 Claims Reporting: Policyholders can report claims online or by phone at any time, ensuring prompt assistance in case of an emergency.

  1. Secure Online Payments: Payments can be made securely online at any time, making it convenient for customers to manage their policies.

These strengths highlight SURE's commitment to providing reliable and customer-centric insurance services.

inSure's risks

Insure (SURE) is an insurance company that primarily covers pure risks, which are uncertain situations where potential financial gains are absent. These risks are characterized by several essential elements:

  1. Due to Chance: The loss must be unintended and unexpected, meaning it is accidental and not within the control of the insured party.

  2. Definiteness and Measurability: The loss must be definite and measurable, allowing the policyholder to provide proof of loss, usually in the form of bills, to receive compensation.

  3. Statistical Predictability: Insurance providers must estimate the frequency and severity of potential losses using actuarial science and mortality and morbidity tables.

  1. Not Catastrophic: Standard insurance does not cover catastrophic risks, which are severe losses deemed too expensive, pervasive, or unpredictable for insurance companies to reasonably cover.

  2. Random Selection: The risk must be random, meaning that the potential for adverse selection does not exist.

  3. Large Loss Exposure: The risk must have a significant potential for financial loss.

Examples of pure risks covered by Insure (SURE) include:

  • Personal Risks: Accidents, illnesses, or death.
  • Property Risks: Damage or loss of property due to natural events like fires, floods, or earthquakes.
  • Liability Risks: Legal liability for damages or injuries caused to others.

Insure (SURE) does not cover speculative risks, which are risks that may result in a profit or loss, such as business ventures or gambling transactions.

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Did inSure raise funds?

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inSure
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inSure’s team

  • Wayne Slavin: Co-Founder & CEO of Sure, a VC-backed insurtech startup. He has a Master's degree from Columbia University and has worked on various projects, including NetStumbler, Barnes & Noble Nook eBook reader, and Buddy Media.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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