I'm reading an article of Pabrai. http://www.chaiwithpabrai.com/uploads/5/5/1/3/55139655/the_yellowstone_factor.pdf
There is the following line.
However, if I ascribed odds of less than 1% to Yellowstone blowing in the next 10 years, I'm covered.
What is the meaning of "I'm covered"?
At first, I read as "I am covered by misunderstanding and cannot see the true probability any more."
However, the context is like, the assuming the probability less than 1% is reasonable.
I want help. Thank you.