DeFi is great, but there’s no insurance if things go wrong. You could be stuck holding worthless bags due to a hack or flash market crash causing a liquidation, maybe your wallet gets hacked, or perhaps you purchased into a project that has gone into bankruptcy and is now abandoned. One new crypto project seeks to become the crypto-insurance solution for such events.

PolkaCover (CVR) can help protect your crypto investments by offering insurance against exchange hacks, exchange bankruptcy, wallet hacks, storage damage, phishing attacks, stop loss in the volatile market drops, project bankruptcy, and abandoned/fraudulent ICOs. However, they don't stop at cryptocurrency insurance. PolkaCover also offers health, life, education, and family insurance.