How does BlockFi insurance work to protect my digital assets?

3 answers

• Joel FavourMay 22, 2023 · 2 years ago
  Sure! BlockFi offers insurance coverage to protect your digital assets from theft or loss. The insurance policy covers both hot wallets (online) and cold storage (offline) assets. In the event of a security breach or hack, the insurance will reimburse you for the value of your lost assets. It's important to note that insurance coverage may vary depending on the specific policy and the amount of assets you have with BlockFi. It's always a good idea to review the terms and conditions of the insurance policy to understand the extent of coverage.
  548

  274
• jaspirFeb 07, 2023 · 3 years ago
  BlockFi's insurance works by partnering with reputable insurance providers to offer coverage for digital assets. This provides an extra layer of protection for your funds, giving you peace of mind knowing that your assets are insured against potential risks. The insurance coverage is designed to protect against theft, loss, and other unforeseen events. It's important to note that insurance coverage may have certain limitations and exclusions, so it's recommended to review the policy details to understand the specific terms and conditions.
  544

  182
• Subxon ShukurovNov 17, 2022 · 3 years ago
  BlockFi insurance is designed to protect your digital assets in the event of a security breach or hack. The insurance coverage provides reimbursement for the value of your lost assets, helping to mitigate the financial impact of such incidents. It's important to understand that insurance coverage is not a guarantee against all risks, and there may be certain limitations and exclusions. However, having insurance coverage can provide an added layer of security and peace of mind when it comes to safeguarding your digital assets.
  531

  133