Are crypto assets covered by insurance?

Are crypto assets really protected by insurance? I've heard conflicting opinions on the matter, so I'm eager to hear your take on it. Do most exchanges and wallets offer insurance coverage for their users' digital assets? If so, what kind of risks are typically covered, and what are the limitations or exclusions that investors should be aware of? And for those who hold their crypto assets in cold storage or other non-custodial wallets, are there any insurance options available to them? I'm curious to know how crypto investors can protect themselves from potential losses in the case of theft, hacking, or other unforeseen circumstances.