Managing Your Policies

View, transfer, cancel, and renew your LayerCover policies

Viewing Your Policies

Your active policies are visible on the Dashboard at app.layercover.com. Each policy shows:

• Pool - Which protocol or asset is covered
• Coverage Amount - Maximum payout in USDC
• Duration - Start date, end date, days remaining
• Status - Active, Expired, Claimed, or Cancelled
• Policy ID - On-chain identifier (also the NFT token ID)

Transferring Policies

Policies are standard ERC-721 NFTs, which means they are fully transferable.

• Transfer via the LayerCover dashboard, or any NFT marketplace / wallet
• The current holder of the Policy NFT has the right to file claims
• Transfers do not change the policy terms, coverage amount, or expiry date

Cancelling a Policy

You can cancel any active policy before its expiry date and receive a pro-rata refund of unused premium.

How the refund works:

$\text{Refund} = \text{Premium Paid} \times \frac{\text{Days Remaining}}{\text{Total Duration}}$

To cancel:

1. Go to your Dashboard
2. Click on the active policy
3. Click Cancel Policy
4. Confirm the transaction - the refund is sent to your wallet immediately

Policy Expiry

When a policy reaches its end date:

• The policy NFT remains in your wallet but coverage lapses
• No further claims can be filed against expired policies
• The underwriter's capital lock is automatically released
• No action is required from you - expiry is passive

Renewing a Policy

LayerCover does not currently offer automatic renewals. To maintain continuous coverage:

1. Purchase a new policy before your current one expires
2. The new policy has its own 7-day cooldown period
3. For uninterrupted coverage, purchase the new policy 7 days before the old one expires

Next Steps