Star citizen ship insurance

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.

Lost Your Password? I agree to the Privacy Policy. As a seasoned voyager in the ever-expanding universe crafted by Cloud Imperium Games, I take pride in my extensive expertise and meticulous understanding of every facet of the Star Citizen experience. So buckle up as we embark on an exploratory mission into the complexities of ensuring your precious fleet against the unpredictable dangers of space travel. The parallel ends there, though, as the stakes are intergalactically higher.

Star citizen ship insurance

Star Citizen, the ambitious space simulation project developed by Cloud Imperium Games, has introduced many groundbreaking features, and one that stands out in particular for backers and players is the concept of Lifetime Insurance, or LTI. Here, we will delve into what LTI is, how it works, and its significance in the vast universe of Star Citizen. In the vast expanses of space within Star Citizen, insurance functions similarly to the real-world concept. If your ship gets destroyed or stolen, insurance will ensure that you receive a replacement. LTI guarantees that your ship hull and its stock equipment will be replaced without any additional cost, indefinitely. Duration : The primary distinction between LTI and regular insurance policies is the duration. LTI is perpetual, lasting for the entirety of the game's lifespan, while standard insurances have limited durations, such as 3 months, 6 months, or a few years, requiring renewal after expiration. Cost : LTI comes at no additional in-game cost. In contrast, standard insurance policies will necessitate in-game credits for renewals. Coverage : Both LTI and regular insurance cover the ship's hull and its stock equipment. However, upgrades or cargo might need separate, additional insurance coverage. Peace of Mind : With LTI, players can rest easy knowing that no matter what perils they face in the vastness of space—whether it's piracy, ship malfunctions, or space battles—their investment in their ship is safeguarded indefinitely. Economic Efficiency : Over time, the cumulative costs of renewing standard insurance policies can accumulate.

Ship insurance in Star Citizen does more than just promise reconstruction in the event of loss; it offers players the assurance that their game package investments—their star citizen ships, star citizen ship insurance, their modifications, and their cargo—are protected. Effective indefinitely with no additional in-game fee. Ships and vehicles are offered with different types of insurance on the pledge store, these insurance policies cover the loss of the ship hull as well as the components that are included with the ship sale.

Welcome to the wiki! Be sure to read the rules before editing, and if you have any questions or confusions, feel free to contact us! Ships and vehicles are offered with different types of insurance on the pledge store, these insurance policies cover the loss of the ship hull as well as the components that are included with the ship sale. Additionally cargo and component upgrades will also be able to be covered by a separate insurance. A simplified insurance policy active for every ship and vehicle during the development process, the policy does not have to be renewed or upkeep paid. The insurance covers the ship hull and installed ship components.

Pilots in Star Citizen can purchase insurance policies for their ships, modifications and cargo. As in real life, insurance policies must be maintained: you must pay a regular fee in galactic credits the in-game currency or your policy will lapse and you will not receive a payout or a ship replacement when your ship is destroyed. Some of the additional policies like upgrade or cargo insurance will be rated based on risk levels. Risk level 1 being the safest systems and risk level 5 being the most dangerous system that is insurable for cargo or upgrades. Any risk level over 5 is un-insurable. A risk 3 policy for cargo will cover you for all cargo losses in a risk 3 system or below. The higher the risk level of the policy the more it will cost. Anyone who pledged for a copy of Star Citizen before November 26, automatically has lifetime insurance on their pledge ships; this protects the pledge you made in the game in perpetuity. Anyone who pledged for a copy on or after November 26th starts with a finite insurance package for their ship.

Star citizen ship insurance

W elcome back, citizens! For those of you in the USA we hope you had a relaxing holiday weekend and that you were able to take advantage of the grace period for pledges. That is now over. The limited-time add-ons such as the Retaliator Bomber have been taken down. Existing backers will still be able to upgrade to any of the original packages at the original prices for the next 12 months.

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Must be renewed with in-game credits once expired. At the Ship Retrieval Consoles, near hangars and pads, all owned ships are listed with their status. Peace of Mind : With LTI, players can rest easy knowing that no matter what perils they face in the vastness of space—whether it's piracy, ship malfunctions, or space battles—their investment in their ship is safeguarded indefinitely. Damaged Gladius for an insurance claim Insurance policies are taken out by pilots for their ships , cargo , and modifications. Any risk level over 5 is un-insurable. This dynamic creates an economic safeguard, a simulation that remarkably resembles the insurance markets of our own world. An LTI ship might cost more upfront, but it saves you a lot of money and hassle over your Star Citizen career. Ship Upgrades Vehicle Upgrades. Additional insurance policies in Star Citizen take into account the risk associated with different star systems. If you really want LTI to permanently insure your investment then the extra spend is probably justified. Players do not need to worry about having to renew their insurance premiums during the Alpha phase of testing. You can help the Star Citizen Wiki by expanding it.

This information is subject to change without notice as the game continues development. Last updated 23 November

Aegis Dynamics. Any risk level over 5 is un-insurable. Insurance policies are attached to ship hull id and cannot be transferred from one ship to another. LTI policies never expire and require no running fee, but only cover the base hull and stock weapons. Just from a purely speculative perspective, the value of ships would be higher if they could be permanently lost. A fee is required for expedited delivery if you wish to hasten your return to the stars. Effective for a set period of time: currently one, three or six months. LTI offers long-term players a more cost-effective solution by eliminating the need for recurrent renewals. The insurance covers the ship hull and installed ship components. Contents Back to top. Pilots in Star Citizen will be able purchase insurance policies in-game for their fleet. Remember, a well-insured ship is a beacon of hope amidst the stars, a testament to your savvy planning and intrepid spirit. Much like the regular fees associated with real-life insurance, UEC must be periodically handed over to prevent lapses in coverage. Greycat Industrial. Please use a different web browser.