Cryptocurrency Q&A
What are the pros and cons of peer to peer insurance?
What are the pros and cons of peer to peer insurance?
Martina
Wed Jan 08 2025
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5 answers
1146
I'm considering peer to peer insurance and want to understand the advantages and disadvantages of this new insurance model. I'm interested in learning about its potential benefits as well as any possible drawbacks.
5 answers
benjamin_cole_nurse
Thu Jan 09 2025
A key advantage of peer-to-peer insurance is the potential for members to receive excess premiums back.
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Lucia
Thu Jan 09 2025
Despite this, peer-to-peer insurance can still be a viable option as it can be offered as an insurance policy or as an alternative to traditional insurance.
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KimonoElegantGlitter
Thu Jan 09 2025
This feature allows members to have greater control over management decisions within the insurance framework.
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TaekwondoMasterStrengthHonor
Thu Jan 09 2025
However, there are also drawbacks to peer-to-peer insurance.
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CryptoLegend
Thu Jan 09 2025
One significant disadvantage is that it may offer less coverage than a traditional insurer could provide.
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