When Life Gives You Lemonade, They Give You No Coverage for Cryptocurrency
Property Insurance Coverage Law
OCTOBER 26, 2024
In a recent Fourth Circuit Court of Appeals decision that leaves me scratching my head, Lemonade Insurance Company successfully argued that cryptocurrency isn’t covered under their homeowner’s policy because it’s not “tangible property.” 1 The irony is that a tech-forward insurance company named after a refreshing drink takes such a sour position on digital assets.
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