Altcoin Rig Insurance

[Bakes007]

Hi All

Just a General Question?

Do you Insure your Altcoin Rig and if so How much for, what is covered and what do you pay p/m?

Thanks
Bakes

 

[CryptosEra]

What's an Altcoin rig?

 

[ActivateD]

I think the mining rigs people have.

 

[Bakes007]

What's an Altcoin rig?

Used for Mining Cryptocurrency

such as this one https://www.leetpro.co.za/shop/altcoin-mining-rigs/6-x-asus-470-4gig-mining-rig/

 

[Barbarian Conan]

Well, everyone who
a) has household contents insurance and
b) keeps the rig at home insures it, whether they want to or not.

They are then probably just under insured.

 

[Kloofvreter]

Used for Mining Cryptocurrency

such as this one https://www.leetpro.co.za/shop/altcoin-mining-rigs/6-x-asus-470-4gig-mining-rig/

LOL --> https://www.leetpro.co.za/category/cryptocurrency/

 

[Hemi300c]

As this is for and derives a income beware that your personal policy might not cover it as it should be on a business policy.

 

[Pitbull]

Guys, be very very very careful with these rigs and insurance claims.

It's seen as a "business" a machine generating income. So you need to be very specific when speaking to your insurer. They will either cover it as is, or will get specialized Commercial insurance on it. You don't want to lose your machines and have your claim repudiated, so please be very careful and disclose the usage.