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Author Topic: Coinbase Insured  (Read 5738 times)
MightyStorm
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September 14, 2014, 01:13:23 PM
 #61

Google "Meridian Global Insurance Limited" Xapo's insurance company, see what turns up... http://help.xapo.com/questions/89743-Is-Xapo-insured-by-a-third-party-insurance-company

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AllYouCanDo
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September 14, 2014, 03:13:13 PM
 #62

What happens when the price becomes $10,000 per btc does the insurance cover then?
Bizzaran
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September 14, 2014, 04:36:20 PM
 #63

What happens if the value of the Bitcoin you hold increases 10x in value over a short time? Does your insurance scale up as Bitcoin increases in value?
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September 15, 2014, 07:07:34 AM
 #64

Google "Meridian Global Insurance Limited" Xapo's insurance company, see what turns up... http://help.xapo.com/questions/89743-Is-Xapo-insured-by-a-third-party-insurance-company
Right. They own their own insurance company, which insures them. It's based in Bermuda. Not good.

Some very big companies like AT&T and Boeing have their own captive insurers, but that's usually for tax reasons. They handle things like auto insurance for company cars, and maybe fire insurance. Captive insurers usually re-insure; they have a policy with another insurer with some multi-million dollar deductible in case something really bad happens. The little stuff they handle in-house.

Xapo, not so much.
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