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No, I can't call up my insurance company to get depositor bonds. From [2]: "Depositor bonds allow banks to offer deposit protection in excess of Federal Deposit
by DennisP 4y ago
No, I can't call up my insurance company to get depositor bonds. From [2]: "Depositor bonds allow banks to offer deposit protection in excess of Federal Deposit Insurance Corporation (FDIC) insurance coverage to its most valued customers."
The other links say similar things. This is something banks can buy, to provide extra coverage for their customers.
People here have been arguing that SVB's customers were negligent by not purchasing their own third-party insurance. I think it's reasonable to ask them to support that argument, even if I'm not personally in the market. Supplemental insurance like that still does not appear to be available.