How can you insure your auto? Get an insurance, have somebody else steal it from you, and there you go, you got a new car!
you can ' t compare an actual physical moving parts item to a thing that does not exist.
Insurance wise, you can have pretty much anything insured. JLO has her butt insured lol how do you measure that
Not saying is easy, don't even know how they could actually measure the insurance policy / insured assets in cryptocurrencies but the fact that some companies are already thinking about it is quite groundbreaking.
As for morals? Well, people scam insurances all the time, not everybody but there are certain peeps that actually live off of this.