Each asset on the TEND platform will be insured. TEND arranges the appropriate insurance cover for each object on behalf of the co-owners. All co-owners of an asset are jointly covered by the insurance and also jointly cover the costs of the insurance policy.
The insurance itself works just as it would for a single person. Each particular policy covers certain events (e.g. damage, theft). If any such event were to occur, TEND would work with the insurer to ensure a speedy and appropriate resolution of the case.