The insurer made some arguments that seem weak, for example that the policy protects against the theft of money from "inside" the building but that the stolen b

The insurer made some arguments that seem weak, for example that the policy protects against the theft of money from "inside" the building but that the stolen bitcoin was stored "on the web" and therefore not in the building and not a covered loss. This shows to me that buying insurance on bitcoin hot wallet balances is more of a marketing ploy than any substantive protection. The coverage amount is negligible, and the insurer has no intention of paying out in the most likely type of breach (social engineering attack).