Coinbase insurance only covers losses at their end. You being hacked is not a loss at their end. You wouldn't receive a penny if you were hacked.
I also wouldn't particularly like to see their insurance put to the test. The first duty of insurer is to find a way not to pay.
Typically equipment wallets are constantly favored and it isn't a smart thought to keep you cash in online wallet of you can manage the cost of an equipment wallets. Be that as it may, on the off chance that you need store you bitcoin on an online wallet. It regards examine the sites contract first. For instance coinbase doesn't cover the hacks you may have for you. So it is critical to peruse the understanding first so later on you don't get into to inconvenience. Mycelium, Wirex and Xapo are viewed as secure online wallets by generally specialists.