Insurance for exchange hack?!

[newbieshines]

Hey guys! As a supporter of PAL, I would like to share a good news with the community! You can now protect your favourite tokens from exchange hack on Binance, Huobi, Gate.io when you use P2P CryptoProtect from PolicyPal Network! COOL RIGHT?

http://www.policypal.network/p2p-cryptoprotect

[BADBITCH]

Yes I believe it’s cool
But regardless you need to provide facts that you were responsible for the hack in any form
You need to prove that you did not compromise your account either

Insurance is not just easy as it is written in the regulations
It’s not worth it

[tsaroz]

There are many frauds and legal issues in real life insurance and it's going to be very difficult for both the insurance issuer and insurer to confirm a coverable insurance or claim one.
But we should be open to different approaches as crypto would soon be a large aspect of our lives.

[megasynk]

Wouldn't it be better to just hold all of your coins on your private wallet with your priv key other than living in stress every single day if the exchange will get hacked or not?