Ledger Recover Insurance

Bitcoin Insurance

Ledger Recover is an optional paid service from Ledger that allows users to back up and recover their Bitcoin wallet seed phrase using identity-verified fragmented key storage. While not traditional insurance, it protects against irreversible seed phrase loss with coverage through a network of three custodians across different jurisdictions.

Details

Covers: seed phrase loss, hardware failure
Provider: Ledger / Coincover
Underwriter: Lloyd's of London (via Coincover)
Custody Type: fragmented key backup
Founded Year: 2023
Coverage Type: Seed Phrase Recovery & Theft Protection
Insurance Type: seed_recovery
Coverage Amount: full wallet value

Links

twitter

More Bitcoin Insurance

Meanwhile

Meanwhile offers the first Bitcoin-denominated whole life insurance policies. Premiums and death benefits are both in BTC. Licensed in Bermuda. A genuinely novel financial product designed for long-term Bitcoin holders who want to protect their family in BTC terms.

Allianz Digital Assets Insurance

Allianz, one of the world's largest insurance companies with over €1 trillion in assets under management, offers digital asset insurance solutions through its commercial lines divisions. Allianz covers institutional Bitcoin holders and digital asset businesses against theft, fraud, and operational losses. As a founding member of the Digital Assets Risk & Insurance Consortium (DARIC), Allianz is helping establish global standards for cryptocurrency insurance underwriting.

Anchorage Digital Insurance

Anchorage Digital is the first federally chartered digital asset bank in the United States (OCC charter, 2021), providing Bitcoin custody with comprehensive insurance coverage. Their insurance program covers assets in both hot and cold storage against theft and cybersecurity incidents, setting a new standard for federally regulated Bitcoin custody protection.