Is it good that you can lose everything? Yes!
Is it good that people lose everything without knowing that they were in danger? No!
There is a generous loan of 200,000. It is really unlikely that you would go from straight up beginner, to a point where this loan completely doesn't cover you without exploding a few times. When you think about it, this is probably why the game does not explicitly tell you a number of things to make sure you explode a few times while still being covered by a loan. Trying to dock for the first time without requesting permission = explode and insurance page. Taking on an Anaconda bounty hunter mission in a sidewinder = explode and insurance page. Buying modules without an appropriate power plant = explode and insurance page (this was my first lost Eagle). If somebody was somehow able to know about all of these things before death, it would seem strange that they would be clueless about insurance, which is perhaps the most important mechanic in the game.
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