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.

=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, 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.

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.