$100,000
Available Funding
- Up to $100,000
Overview
Traditional warranty and guarantee systems, such as those for flight cancellations, short-term rental damages, or extended electronics warranties, often sit outside the purview of insurance regulations. A startup could embed discretionary cover policies into booking platforms or e-commerce sites, seamlessly integrating protection without the consumer having to sign up separately.
In 2025, companies across travel, housing, and consumer electronics will be actively looking for ways to add extra value to their customers and differentiate themselves. Nexus Mutual’s discretionary cover model fits perfectly here because it can be tailored to each platform’s unique needs, whether it’s coverage for a weekend Airbnb stay or an extended warranty for a new laptop. The low barrier to entry and flexible coverage options can significantly broaden adoption, proving the versatility of Nexus Mutual when it comes to embedding on-chain insurance in everyday transactions. With our parametric claims system, money can be quickly returned to policyholders, far more cheaply and faster than a traditional insurer.
How to Apply
You can fill out the Nexus Mutual Grants Application and share your grant submission.
For further details or questions, please contact BraveNewDeFi