EVE Online Ship Insurance
You can get insurance on your ship so that you will get paid if your ship is destroyed. This guide will explain the details.
Insuring Your Ship
When you are docked in a space station, you should be able to see an icon that looks like chains and a lock around a ship. This is the ship insurance icon. Click it to make a window appear that offers you different levels of insurance for your ship. Choose the level of insurance that you want to purchase.
Levels of Coverage
You do not actually need to buy insurance to get reimbursed for a lost ship. You will get paid 40% if you lose a ship that is uninsured.
However, insurance gives you the option of increasing that payout to:
- 50% for basic insurance
- 60% for standard insurance
- 70% for Bronze insurance
- 80% for Silver insurance
- 90% for Gold insurance
- 100% for Platinum insurance.
Insurance Policy Length
Insurance policies last 12 weeks. You can purchase insurance again after it expires.
Things that invalidate your insurance
If you have purchased insurance on your ship, you will lose the increased payout if you do the following things (although you will still receive the default 40% payout even if you do these things):
- repackage it
- sell it on the market
- dock it in a player-character corporation hangar
- put it in a contract
- trade it to someone else
Is it worthwhile?
If you lose your ship within the first twelve week period that you have the ship insured, then yes, it is worth it. But if you lose your ship after renewing your insurance in week 13, you will neither lose nor gain money from having insurance. After week 24, if you re-insure for a third time, it is not worth it.
This means that insurance is best for people who expect to lose ships frequently, like those who do a lot of PVP, or a lot of very difficult missions or complexes.
How your ship's value is calculated
Your ship's value is based on the value of the raw minerals of which it is composed. The game has assigned some secret base prices to all of the minerals. These values are pretty much only used for insurance purposes, and are not related to market prices for these minerals.
- Isogen: 128 ISK
- Megacyte: 8192 ISK
- Mexallon: 32 ISK
- Morphite: 32768 ISK
- Nocxium: 512 ISK
- Pyerite: 8 ISK
- Tritanium: 2 ISK
- Zydrine: 2048 ISK
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