I've had an idea!
(No surprise there!)
This one is obviously about Cargo Insurance.
Now, as a pilot who avoids trading at all costs, I basically have no idea what I'm on about. So feel free to jump in any time.
The basic premise is that, your cargo insurance payout is based almost entirely on the manner is which it was lost.
Insurance companies in 3303 are even more evil than in 2017.
Insurance payouts are broken in to categories, with different conditions, but these are the common terms;
95% Reimbursement
A 95% Reimbursement is given in the event the insured cargo is lost in a manner that is completely unrecoverable, which includes, but is not limited to;
50% Reimbursement
A 50% reimbursement is when cargo is lost, but not destroyed through no fault of your own, and includes, but is not limited to;
25% Reimbursement
A 25% reimbursement is given when cargo is jettisoned, but not destroyed, and is under your control. This includes situations such as;
0% Reimbursement
Some situations are not covered under insurance, and will result in no payout what so ever, this includes;
How To Buy Insurance
Unlike ship insurance, cargo insurance is optional and not automatically applied.
There are two methods to insure your cargo;
Cancellation Of Policy
Should you wish to cancel your insurance at any time, use the cargo panel to select insured cargo, and cancel the policy. No refund is given.
Claiming on Policy
Depending on the manner which you lost your cargo, you can claim either via the rebuy screen of your ship, or under contacts menu in any station.
Insurance claims are only valid for 24 hours after loss of cargo.
Other Bits
Insured cargo is also tracked better by security. Carrying stolen, but insured cargo is more likely to be investigated by local security forces.
Aannnddd that's it I think.
I think I filled all the holes.
Feel free to poke more in it.
Thoughts?
CMDR Cosmic Spacehead
(No surprise there!)
This one is obviously about Cargo Insurance.
Now, as a pilot who avoids trading at all costs, I basically have no idea what I'm on about. So feel free to jump in any time.
The basic premise is that, your cargo insurance payout is based almost entirely on the manner is which it was lost.
Insurance companies in 3303 are even more evil than in 2017.
Insurance payouts are broken in to categories, with different conditions, but these are the common terms;
- Cargo is reimbursed based on the The Price It Was Purchased For, or in the case of mined or collected good, Galactic Average.
- Only legal cargo is covered. Illicit cargo is only covered if it is lost in a system where it is not illicit.
- Stolen cargo can not be insured.
- Cargo is insured per unit, so partial claims are possible.
- Cargo that has previously been insured by another party, can not be reinsured.
95% Reimbursement
A 95% Reimbursement is given in the event the insured cargo is lost in a manner that is completely unrecoverable, which includes, but is not limited to;
- Total Ship Destruction. Losing your ship, and cargo contained within is covered under 95% reimbursement.
- Accidental Jettison in Supercruise. Dumping cargo in supercruise destroys cargo immediately and is covered under the 95% reimbursement.
- Jettisoned and Destroyed in Normal Space or While Docked. If cargo you have jettisoned is destroyed, by anything, including stations, or simple exposure to space it is covered by 95% reimbursement.
50% Reimbursement
A 50% reimbursement is when cargo is lost, but not destroyed through no fault of your own, and includes, but is not limited to;
- Agressive Piracy. Loss of cargo from hatchbreakers limpets, or malfunctioning cargo hatch.
25% Reimbursement
A 25% reimbursement is given when cargo is jettisoned, but not destroyed, and is under your control. This includes situations such as;
- Surrendering To Piracy [Jettison]. Complying with piracy demands, and agreeing to drop cargo is not fully covered under your policy, and we much prefer it if you die instead (see 95% reimbursement).
0% Reimbursement
Some situations are not covered under insurance, and will result in no payout what so ever, this includes;
- Abandoning Cargo. Abandoning Cargo, which is then collected by someone else, is not covered under insurance.
- In Lawless or Anarchy Systems. Due to high levels of insurance claims from Lawless and Anarchy systems, we no longer offer cover for cargo lost in these systems in any manner, including accidental. This condition overrides all previous conditions.
How To Buy Insurance
Unlike ship insurance, cargo insurance is optional and not automatically applied.
There are two methods to insure your cargo;
- Via The Commodities Market. Under the commodities market, there is an insurance check box. Checking this box will insure all cargo purchased after that. A 5% charge is applied to all cargo on confirmation. This option is remembered, and will remain on until switched off, across all stations.
- Via Cargo Panel. Under the Cargo Panel, you can select individual cargo items, and opt to insure them immediately from there (Same system as used to jettison, select cargo, choose how much, press insure/cancel). A 5% cargo insurance fee (based on Galactic average of selected cargo) is deducted from your account on confirmation, and cargo is insured immediately.
Cancellation Of Policy
Should you wish to cancel your insurance at any time, use the cargo panel to select insured cargo, and cancel the policy. No refund is given.
Claiming on Policy
Depending on the manner which you lost your cargo, you can claim either via the rebuy screen of your ship, or under contacts menu in any station.
Insurance claims are only valid for 24 hours after loss of cargo.
Other Bits
Insured cargo is also tracked better by security. Carrying stolen, but insured cargo is more likely to be investigated by local security forces.
Aannnddd that's it I think.
I think I filled all the holes.
Feel free to poke more in it.
Thoughts?
CMDR Cosmic Spacehead
