Lifetime Insurance

Who gets Lifetime Insurance?

Anyone who pledged for a copy of Star Citizen before the end of the 1-week grace period^[1] after the new RSI website opened on June 28, 2013^[1] automatically receives lifetime insurance (LTI) on their pledge ships^[2]; this protects the investment they make in the game in perpetuity. Anyone who makes their first pledge after the grace period ends on July 6th, 2013 will start with standard hull insurance (SHI) for their ship, which functions identically but must be periodically renewed with a small fee of in-game credits. The duration can be anywhere from 1 to 6 months depending on the ship and policy type.^[3]

What does LTI cover?

Lifetime Insurance covers the ship hull and basic equipment only.^[4]^[5] It does not cover modifications made or cargo acquired by the player after first receiving the ship.^[6]

Insurance for upgrades and cargo is separate from LTI or hull insurance and is priced based upon the risk level of the system entered. Above risk level 5, upgrade and cargo insurance are unavailable.^[7]

If a ship with LTI is destroyed or captured it will be replaced with an identical model in equivalent condition.^[3] The replacement may not arrive immediately - it can take some time. The developers have indicated that the more often a ship is destroyed, the longer the wait until its replacement arrives.^[8] A person can avoid the wait by owning more than one ship.

Transferring ship ownership and LTI

Ships gifted by early backers retain their LTI. If a ship is legally sold, LTI will follow the ship hull. If it is stolen or captured, the LTI policy will not transfer.^[9] Prior to June 28, 2013, if someone received a ship with LTI as a gift, they would gain the same backer status as the purchaser of the gift.^[10] LTI insurance does not apply to new ships bought in-game and insurance policies cannot be transferred from one ship to another.^[11] The limited number of Vanduul "Scythe" fighters with LTI sold through the RSI site during the original pledge campaigns, and the Banu Merchantman and Xi'an Khartu sold through the RSI site during the one year anniversary sale, are the only insured alien ships.^[12]^[13]

If you have LTI on an existing ship you can transfer it to a some other versions using "Cross-Chassis Upgrades" for example an Aurora MR to a Hornet. As of August 2014 cross-chassis upgrades are limited to vessels in Arena Commander and you can not downgrade ships or undo the change.^[source?]

Additional Note

Insurance may be temporarily suspended for ships with outstanding bounties.^[14] Proven cases of insurance fraud will result in invalidation of LTI on that ship and may result in large in-game fines.^[15]

References

[300_Series_Revealed-0] 1.0 ^1.1 300 Series, From the Desk of Chairman Roberts on RSI Website

[1] Aurora Sale – Thanks! on RSI Website

[Lifetime_Insurance_Clarification-2] 3.0 ^3.1 Lifetime Insurance Clarification on RSI Website

[3] Forum topic: Ask our Community Manager: Ben Lesnick on RSI Website

[4] Christopher Roberts responding to the statement "LTI insurance covers the original load-out of components" on RSI Website (Note: Source no longer exists on the new RSI website)

[5] Updated FAQ (Dec. 3rd, 2012) on RSI Website

[6] "Will this Insurance cost a lot?" in Insurance FAQ and Update on RSI Website

[7] "Can I use my insurance as an excuse to simply ram other ships to death knowing I will get my ship back?" in Insurance FAQ and Update on RSI Website

[8] "Can I trade my lifetime insurance ship?" in Insurance FAQ and Update on RSI Website

[9] "Friday Update: Gifting and Jump Point! (Dec. 21st 2012)" on RSI Website

[10] "Will my insurance carry over to ships I earn in the finished game?" in Insurance FAQ and Update on RSI Website

[11] "Can I insure alien or one-off ships?" in Insurance FAQ and Update on RSI Website

[12] Star Citizen Anniversary Livestream & Sale! on RSI Website

[13] Advocacy Archive: Bounties on RSI Website

[14] "What will you do to combat insurance fraud?" in Insurance FAQ and Update on RSI Website

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