Just to clarify.  This would be an insurance policy against the loss of bitcoins?

What would the covered perils entail?

i.e. If a tornado knocks your house down and your usb gets lost would that get covered?

If its theft how do you prove in order to get paid back.  In a normal insurance claim of theft a police report would have to be filed in order to substantiate a claim otherwise you could call your insurer and state that your television and jewelry was stolen and they would send you a check ... obviously not a good business model for a company paying out ... and yes you could simply file a false police report however that is a barrier that most people 9/10 won't cross.

What would the policy limits look like?

In a currency such as usd or based on qty of btc?

i.e. $5,000 usd or 10btc

How many btc's would you have on any given day to support claims?

In the event of another Gox would you have at least 7500 btc or would you go bankrupt?


Sorry I could go on forever.

... just interested as I hold multiple US/state insurance licenses and know that if done properly it can be profitable however there are a lot of obstacles for something like this and unless you have been in the field for as long as I have some might be overlooked.