Celsius does not have an insurance policy.
Fireblocks, our custodian, provides insurance on digital assets held by Celsius.
However, we generate interest rewards by deploying assets. When these assets are out of Celsius’s control, they can’t be insured by such insurance.
To ensure coin loans are always returned to Celsius, we require borrowers to post collateral of up to 150% (which means that the borrower gives Celsius an alternative asset as collateral for the asset they are borrowing) or we conduct thorough due diligence reviews of borrower’s financials and repayment ability.
You can also watch the video below about "what goes into protecting your assets":