BitGo (Ripple partner) Apparently Exaggerated Insurance Coverage in Gateways and Exchanges Posted June 7 · Edited June 8 by Solider Depending on your insurance coverage, but youshould be caferful that it's not a "fake claim". I mean, insurance claims that are made fraudulently. These practices are common but illegal. Insurers try to find any patterns in the frequency and type of past claims. Insurance companies keep in-depth records on claims and do all sorts of analyses to interpret the data they contain. I compared a few quotes from different insurers on Moneyexpert.com and I saved a lot by finding a new affordable policy.