# From a Futures position from Nami Future an NAO Futures

{% tabs %}
{% tab title="Nami Exchange App" %}
**Step 1:** Access the "Nami Futures" or "NAO Futures" interface. Select the "Positions" section to view opening positions.

**Step 2:** Select "Buy cover now" for the position you want to buy an insurance contract.

**Step 3:** Check the information of the suggested insurance contract.

**Step 4:** Customize the information to suit demands or select "Buy Cover" to confirm the purchase immediately.

<figure><img src="https://2631931409-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwbbXbReaiA3afn6WB9Vu%2Fuploads%2FYt9j8f7hkDjbYSMq11xz%2FImage%2014.png?alt=media&#x26;token=32e27d8f-19e4-4af6-aa07-6dbe7955119c" alt=""><figcaption></figcaption></figure>

**Notes:**

Positions will be suggested insurance contract when meeting the following conditions:

* The trading pair is on the insurance asset list of Nami Insurance.
* The SL price (or liquidation price) has to meet the minimum/maximum limit of P-Claim.
* The system prioritizes suggesting an insurance contract based on the expected loss at the stop-loss price.
* The trading volume of the position is within 5 USDT - 10,000 USDT or 125,000 VNST - 250,000,000 VNST.

In case of unsuccessful purchase confirmation, users can check one of the following reasons:

* Unsuccessful contract opening due to exchange rate fluctuations at the time of confirmation causing P-Claim to fall outside the limit. Users can retry the steps in the instructions to open a new contract to protect the position.
* Unsuccessful contract opening due to insufficient balance in the user's Nami Insurance wallet. User can add more balance or adjust the contract accordingly.

**How to track opened Insurance contract on each position**

**Step 1: Access the "Nami Futures" or "NAO Futures" interface. In the "Positions" section, select the position you want to track Insurance contract statistics.**

**Step 2: In the "Order Detail" section, select "Insurance" to display the contracts list for the position.**

**Step 3: Select "Detail" of the insurance contract to track detailed information about the insurance contract.**

<figure><img src="https://2631931409-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwbbXbReaiA3afn6WB9Vu%2Fuploads%2Ffq7UqmxrKkXvwtGtlXux%2FImage%2016.jpg?alt=media&#x26;token=3a982dc7-8586-4a86-8dd7-aa719a1c6c93" alt=""><figcaption></figcaption></figure>

**Notes:**

* A Futures position can be covered by multiple different insurance contracts.
* The system will list all contracts that have been and are being opened for each position
  {% endtab %}

{% tab title="Website" %}

#### Step 1: Access the official Nami Insurance website&#x20;

#### Go to <https://namiinsurance.io> and log in using your Nami Exchange account. Select "Buy Insurance" from the menu.

<figure><img src="https://2631931409-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwbbXbReaiA3afn6WB9Vu%2Fuploads%2FqBaPPR1vGEzpNxUOp4DS%2FScreenshot%202024-08-08%20at%2010.01.24.png?alt=media&#x26;token=38a3d342-8213-4f9c-9b99-8fa45233bfb0" alt=""><figcaption></figcaption></figure>

**Step 2:** On the "Buy Cover" screen, select "Open Positions". Choose "Quick cover" for the position you want to insure

<figure><img src="https://2631931409-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwbbXbReaiA3afn6WB9Vu%2Fuploads%2F6tndAismlnEzbnhokhmJ%2FScreenshot%202024-08-08%20at%2010.02.15.png?alt=media&#x26;token=5be17f3c-4212-461e-a993-390cb9532156" alt=""><figcaption></figcaption></figure>

**Notes:**

Positions will be suggested insurance contract when meeting the following conditions:

* The trading pair is on the insurance asset list of Nami Insurance.
* The SL price (or liquidation price) has to meet the minimum/maximum limit of P-Claim.
* The system prioritizes suggesting an insurance contract based on the expected loss at the stop-loss price.
* The trading volume of the position is within 5 USDT - 10,000 USDT or 125,000 VNST - 250,000,000 VNST.

In case of unsuccessful purchase confirmation, users can check one of the following reasons:

* Unsuccessful contract opening due to exchange rate fluctuations at the time of confirmation causing P-Claim to fall outside the limit. Users can retry the steps in the instructions to open a new contract to protect the position.
* Unsuccessful contract opening due to insufficient balance in the user's Nami Insurance wallet. User can add more balance or adjust the contract accordingly.
  {% endtab %}
  {% endtabs %}