# Insurance Insurance is a safety measure designed to offer more protection to lenders in the event of a default. Each borrower pool has an insurance account. On every block, a governance approved percentage of the pool's interest is diverted to the insurance account. Initially this amount will be set by the Clearpool Core Team but this can be modified via governance in the future. In the event of a default, insurance can be claimed by the pool's cpToken holders (lenders), following an auction process, which is designed to maximize the total claimable amount for lenders (see [Default](/clearpool/how-it-works/dynamic/protocol/default.md) for more information). When a pool is closed, the insurance amount is transferred to protocol revenue, which is subsequently used for CPOOL buybacks. Please see [Revenue](/clearpool/how-it-works/dynamic/protocol/revenue.md) for more information. The current approved parameter for insurance is: 5% --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.clearpool.finance/clearpool/how-it-works/dynamic/protocol/insurance.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.