Post
Topic
Board Mining (Altcoins)
Re: Refused from more than 20 insurance companies in Quebec for home crypto mining!
by
cmyk-B
on 13/01/2022, 09:51:38 UTC
Hi Bitcointalk community!

I was reading on this sub-forum that some people in the US got insurance for their computer hardwares.
Here in Québec, Canada, I had to call more than 10 insurance brokers before I got one interested to hear me out.

In Québec we cannot have professional insurance without public liability so it complicates things.
At first I was looking for an insurance to cover my mining gears against fire and theft.

Finally 2 weeks later, the broker insurance who accepted to look for insurances for my home mining activities wrote this to me:

Quote
Les assureurs réguliers n’ont pas d’appétit pour le minage tandis que  les grossistes n’ont pas de marché.

Translation: Regular insurers have no appetite for mining while wholesalers have no market.

He tried to contact all these insurance companies in Quebec:

https://i.imgur.com/FpYym0v.png

None of them were interested to offer me an insurance premium to cover my computer equipments.
This is crazy! In Québec we have few companies doing cryptocurrency mining in warehouses.

I am wondering if someone who lives in Québec know an insurance company who offers crypto mining protections?

Thank you


you said computer hardware so I am assuming it is GPU mining. for insurance you don't tell them it is for mining you tell them computer hardware. Most businesses in the financial sector will turn you away because of mining.