Crypto casino insurance mechanisms: do these actually protect your funds

got curious about these “insurance” things popping up on crypto casinos, like when a site says your balance or wins are “insured” through their mechanism. been poking around roulette and live games lately and i keep seeing all these badges and claims but not really any solid info on how it works if something goes sideways. is this just a feel-good sticker, or does anyone here actually know somebody who got paid back when a casino vanished or glitched? feels a bit like putting a paperclip in a vault door, but maybe i’m just extra skeptical.

not trying to sound like a total doomer, just wondering if these insurance setups mean anything in the real world or if it’s just fancy marketing. i get wanting some peace of mind after hitting a big win, but not sure this actually covers anything more than my toaster’s warranty. anyone got real stories or details about claims that went somewhere, especially for live dealer folks? i unplug my appliances before trips but i can’t unplug my balance if a casino just disappears, y’know?