Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. Characters will be able purchase insurance policies in-game.[1]
Insurance companies
An entity which provides insurance is known as an insurer, an insurance company, an insurance carrier or an underwriter. There are several in-game companies that provide both health and property insurance.
Insurance products
In Star Citizen players will be able to insure properties from loss. That includes player characters, cargo,[2] ships and homesteads.
Ship insurance
Pilots in Star Citizen will be able purchase insurance policies in-game for their fleet. This ensures that your ship will be replaced should it be destroyed or stolen.[1]
Currently, on the Alpha and Public Test Universe (PTU), all ships and vehicles are given a basic insurance plan that does not expire to facilitate testing. At this time, it requires no upkeep or fee for players to acquire basic ship loss coverage. There may be a fee to file a claim or expedite a replacement, however.
Homestead insurance
Homesteads in registered land claims will be able to be insured.[3]
Insurance plans and Warranty
Ships can be insured by three policy plans[4][5]:
- Level One protection will cover only the chassis of a ship.
- Level Two protection will cover the chassis and upgraded components of a ship
- Level Three will cover the chassis, upgraded components and decorations
Upon claiming an insurance, the player will be reimbursed the devalued cost of the ship according to the insurance level. Unless the ship has a warranty, it will be up to the player to repurchase the ship and components covered by the policy[4][5].
A Warranty allows the player to forfeit the reimbursement process and grant a ship replacement to the player without devaluation. All ships pledged on the store come with a Warranty. In the case of a ship being lost with an expired insurance but with a Warranty, the player will be able to expend an undisclosed sum to reclaim the ship. It will be possible to earn Transferable Warranties for ships acquired ingame[4][5].
References
- ↑ 1.0 1.1
- ↑
- ↑
- ↑ 4.0 4.1 4.2 2954: The Stars My Destination: Star Citizen 1.0 on YouTube
- ↑ 5.0 5.1 5.2 Notes for Star Citizen 1.0 on Spectrum
