Optional Nickname! wrote on Aug 4, 2014, 15:16:
Flatline already answered this, and nobody really knows the details regarding insurance, as it will be an on-going issue in the PU,
The insurance system has actually been talked about a lot, also by the devs and at this time it's pretty clear what to expect so it's not true that "no one really knows the details".
Quick rundown: Insurance sticks to the hull and if you have active insurance on your hull then your hull is replaced if your ship blows up. There is lifetime insurance (LTI) for ships purchased before 11/26/2013 [plus customers who bought that mega package you mentioned] and standard insurance [that has the same function as LTI, the only difference being the time limit] that is good for a certain number of months. Simple so far, right?
Additionally you can insure cargo and equipment. There is no LTI for cargo and equipment EXCEPT your LTI pledge ship comes with preinstalled equipment, i.e. if you have upgraded your base pledge ship to a certain variant (exploration focused or whatever) then you get that model back under the LTI conditions.
Back to cargo and equipment: Insurance cost will depend on where you are traveling. Logically it will be cheaper in safe systems and more expensive in the boonies.
And now back to the question of what happens if your $1250 frigate gets ripped to shreds. If the ship is insured then you will get it back but since it is a huge ship it may take a while until you receive your replacement.
The plan as outlined by the devs is to replace common ships like an Aurora instantly but the bigger, fancier, rarer ships will take a certain amount of time and that amount of time might even increase if you are a notorious wrecker.
While you are waiting for your replacement, you can either fly one of your other ships, a friend's/guildie's ship or you can rent a ship.
See, it's not that hard and there aren't that many unknowns.
I've heard the rumors of LTI hulls selling for way over sticker price and I am tempted to see if it's true.
Be tempted no more and lookie here at yours truly who has auctioned off one of his LTI ships recently and doubled his original investment
. Or just check eBay if you believe I'm kidding. Lots of LTI ships and packages on there and, no, it's not against the EULA or whatever. CIG has no problem with out of game sales.
The demand for LTI is very high, even though it might just ultimately be a small, but measurable, bonus.
That right there is the big question mark and lots of people seem to be quite literally banking on the fact that LTI will be invaluable.
However, the devs (in fact Chris Roberts Himself) has stated otherwise. Insurance is supposed to be a minor issue and for the game to really get anywhere it will realistically have to be. It would be massively unfair to hundreds of thousands of non-LTI space jockeys if LTI would yield a major advantage.
And no one wants to play insurance simulator or upkeep simulator (you know, there is also hangar fees, taxes etc. so insurance is only one of many money sinks).
That's why insurance will be a no issue in the end. You'll just insure your ship for a few months or a year after flying a couple missions or cargo runs to afford the premium and presto. Ignition. All engines running. And lift-off.