Well, you can still have a 3rd party provide oversight for a bitcoin transfer and insurance against failure. Because bitcoin is simple and reliable, these 3rd party fees would be very cheap.
Those third party fees having nothing to do with bitcoin's simplicity or reliability, but with the amount of the insured transfer, the perceived risk of the failure, and the expected costs and complexity of recovering any losses from either party involved.
Whether it is in bitcoin, CHF, EUR, USD, gold, platinum, Amazon Coins, Zorkmids, yams or sheep skins, insuring a transaction will depend on those factors.
