EVE Insurance tips
All ships have 40% insurance coverage by default. You don't have to pay for the 40% coverage, but if you don't feel that it is enough, then you can buy an insurance contract which has a larger payout. Please note that bought insurance contracts are only valid for twelve weeks after the time of purchase.
To buy insurance you first have to find a station that offers the service. Click the corresponding button to open the insurance menu.
Find the ship you want to insure in the list, right click its entry and select Insure
Read the insurance terms before accepting the pop up confirmation box. You will now see a list of six different insurance options.
The basic insurance covers 50% of your ship, standard 60%, bronze 70%, silver 80%, gold 90% and platinum 99%. When calculating your basic ship price the npc mineral value is used. That can mean that even if you have a 50% insurance you will not get 50% of what you paid for the ship.
Your insurance will be lost if you do any of the following:
- Repackage your ship
- Trade your ship to another player
- Put your ship into a corporation hangar
- Sell your ship on the market
- Put your ship inside a contract.
Be advised that these actions will mean the loss of your paid insurance payout, and you will not be reimbursed because of this (The 40% default insurance is never lost, however). Note also that insurance expiration mails may not necessarily be sent in a timely fashion. Insurance contract expiration mails are normally only sent out when you open up the insurance tab in a station, so it is a good idea to regularly open up the insurance screen when you are at a station to see if any of your contracts have expired. It is up to you to keep tabs on your insurance, using the dates from the initial insurance mail and the "show info" function on your ship, in order to know when you need to re-insure it. Customer Support can not compensate for insurances that have expired.
