It's not generally good financial advice to pay the overhead of an insurance company for costs you can easily pay yourself (also things like phone insurance, appliance warranty extensions, etc. won't make your device last longer and the insurer knows better than you what premium covers the average repair costs plus a profit margin). If you have a decent understanding of where the line is between vulnerability disclosure and criminal activities, fronting any court fees and a little bit of lawyer time (iff you can afford these out of pocket) until you're acquitted should be the better route, assuming anyone even ever takes you to court