There have been a number of Hull Breaches, especially recently. Perhaps this is due to some recent changes to make it more challenging to enter the lower law levels. This has made me reconsider the value of an insurance policy.
You can buy various levels of insurance for your ship for a 12 week period that pay you based on the book value of your ship. It seems that the cost is about 1/3 of this book value. The Platinum Insurance policy costs 87,816 credits for a Frontier- Boson, and the replacement value currently in-game is 270,000 credits. I’m assuming that the Platium policy will pay out very close to that book value.
So the question I’m struggling with: Is that worth it?
If I don’t lose my ship to a Hull Breach within 9 months, I’ve paid for a new ship with my insurance premiums.
Higher level ships create a new problem. I have a third level tier ship, the Polestar- Minotaur. The Platinum level policy now costs over 1M credits. Although that is still in-line with my estimated value of just over 3M credits, my biggest concern is that assuming I get paid 3M credits, I can’t replace my ship with that. That ship is not available on the free market, and I would have to craft another.
When you get to a level where you’re using tier 3 or 4 level ships, getting a few million credits is easier than crafting a Hydra- Leviathan or a Centurion- Valkyrie. That takes some real effort.