Get insurance that is fair and transparent
A truly P2P insurance powered by Bitcoin
There are no middlemen.You and your teammates cover each other. If you submit a claim within your team, your teammates pay it.
Fair:"Treat others the way you want to be treated." Teambrella enforces the Golden Rule and aligns every teammate's interests.
Transparent:It's not just about seeing where your money goes, it's about controlling it. Every decision in your team is made by discussion and voting.
Affordable:Your team doesn't have the expenses of a regular insurance company. Oh, and you keep 100% of your money if there are no claims in your team.
How does it work?
There are no pools. You get coverage directly from your teammates.
1. Join and Get CoveredTo get coverage you need to join a team. You may apply to several teams at once and join the one that proposes the best terms for you.
- When you apply to a team, existing teammates decide how risky you are. If they deem you less risky, then you pay less than the average.
- Fund your personal wallet to accept the terms and to get covered by your new teammates.
- Invite your friends to the team – no matter how big your team, the interests of all teammates are aligned.
2. Vote or DelegateAs a teammate, you can vote on everything: new members, rules, and claims. But you don't have to – you can appoint proxies to vote on your behalf.
- Proxies may be professionals – and they work for you, not for an insurance company.
If you're not happy with how your proxy votes, you can override their vote or just ditch them. - Voters are compensated by the team for their time and expertise. The more people trust a proxy to vote on their behalf, the bigger the compensation is.
- Your vote weight grows as you pay for other teammates' claims. In Teambrella, it's "he who gives the gold makes the rules."
3. Pay and Get PaidWhen the team approves your claim, you are paid directly from the teammates' personal wallets.
- Your personal wallet is jointly controlled by you and your team via Bitcoin multisignature. Teambrella doesn't keep clients' funds.
- Teammates make payments using our open-source client software. Payments are made automatically. However, if in doubt, you can prevent a transaction from your wallet.
- Our open-source client software allows teammates to collectively retrieve their funds if the server is compromised or shut down.
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Subscribe to get 50% lifetime discount on our fees
(valid untill September 30)
