The traditional insurance model has remained largely unchanged for hundreds of years, why do we have to deal with confusion about short-term rental insurance? Home owner’s Policy? Landlord’s Policy? Commercial policy? Never again!
Well, I have a good news for you. All you need is INSURE BNB!" InsureBNB is run entirely by its members and it is a Decentralized Autonomous Organization (DAO)—an organizational model where the decisions that guide the platform are in the hands of the community.
Only members can decide which claims are valid. All member decisions are recorded and enforced by DAO on the public blockchain.
Decentralized insurance is autonomous. Intermediaries are exempted, and thus no middleman fees. This, in return, makes the use of decentralized insurance a simplified procedure with low costs involved. Further, Decentralized insurance is transparent, immutable, and provides liquidation of crypto-backed assets.
Fred Yalmeh - Founder