BYDFi
Trade wherever you are!
Buy Crypto
Markets
Trade
Derivatives
Bots
Events
common-tag-new-0
Rewardsanniversary-header-ann-img

Are there any exclusions or limitations in BlockFi insurance coverage?

Michael MiApr 30, 2022 · 3 years ago3 answers

What are the exclusions or limitations in the insurance coverage provided by BlockFi?

3 answers

  • Apr 30, 2022 · 3 years ago
    BlockFi's insurance coverage does have some exclusions and limitations. While it provides coverage for digital assets held in their custody, it may not cover losses resulting from hacking or security breaches on the user's end. It's important to review the terms and conditions of the insurance policy to understand the specific exclusions and limitations.
  • Apr 30, 2022 · 3 years ago
    Yes, there are exclusions and limitations in BlockFi's insurance coverage. The coverage may not extend to losses caused by user negligence or unauthorized access to accounts. It's crucial to read the insurance policy carefully to know the exact scope of coverage and any potential exclusions.
  • Apr 30, 2022 · 3 years ago
    BlockFi's insurance coverage has certain exclusions and limitations. It's advisable to consult the insurance policy to determine the specific scenarios that may not be covered. Additionally, it's always a good practice to take necessary security measures to protect your digital assets, as insurance coverage may not protect against all types of risks.