Ledger's Vault Scores $150 Million in Crypto Insurance From Lloyd's Syndicate - CoinDesk

in #dlike4 years ago (edited)

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The first thing to note is this insurance does not cover the users of Ledger Nano X, Ledger Nano S and Ledger Nano IOT. It only covers the users of Ledger Vault. 

Next it is not clear whether the $150 million coverage is a per occurrence limit or an annual aggregate limit. 

Finally, it is not clear what is meant by the statement that Ledger Vault clients will be able arrange their own dedicated primary insurance. What does primary mean? Does it mean the insurance is from bottom up from $0 for is it top up from $150 million? Further, does the coverage provided for this insurance is the same as the Ledger purchased insurance? If not, what are the differences? 

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