Star Citizen Insurance 1.0 - Explained in 10 Minutes

[@Sams911]

Loud Guns and LawoftheWest .. by far my two favorite SC KZbinrs!

[@LoudGuns]

@@Sams911 I’m in good company!

[@BlakedaBull]

Big iron , big IRON

[@Overlegen]

Agreed!

[@Uhpgradde]

To be fair… When they mention how most ship claims are for non destroyed ships it’s also worth recognizing that a large portion of those are from game/ships bugging out. It’s a regular occurrence for the ship to be in/on the hangar and only claimable not storable, or unrepairable/unfuelable.

[@micknolan-g5y]

Thank you again for a concise and informative offering. Your content should inspire other creators on how to make the most of this format. Cheers.

[@LoudGuns]

@@micknolan-g5y cheers mate 🙏

[@JulesVega_]

After all the confusion due to Jared's Spectrum "mistake" it is nice to have a clear concise explanation. Thanks LoudGuns!

[@LoudGuns]

@@JulesVega_ poor Jared!

[@Snigadin]

Daily videos! Let's GOOO!!!

[@LoudGuns]

@@Snigadin let’s noooooo!

[@case1737]

This is a great explanation for the Insurance/Warranty mechanic. The Citcon explanation was pretty blurry and the Spectrum description didn't lend much more clarity. I think that if it had been explained better, we'd see less "RIP LTI" and more questions regarding why players weren't able to choose an insurance length on pledge. Warranty is the promise you will never lose the ship in question in the event it is lost or stolen. Insurance determines what version/value of the ship you will get back. It sounds as if a ship without warranty gets cash value back based on the level of insurance. The largest problems I see with the system: -When someone challenges a system mechanic barring them from there pledged ship -Why players weren't allowed to pick a level of insurance on pledge. -Punishing players with longer claim times for warrantied ships seems needlessly punitive for the acts of a few. Smarter to just increase claim times for repeated instances in the same 24 hours. Sometimes stuff happens and adding insult atop injury for all is counterproductive when the intent is just to discourage a few abusing a system mechanic. CIG should probably have gotten an actual insurance agent to help design this as it is rife with evergreen monetization opportunities and they always seem to need money.

[@applecrow8]

Had a bite of the Frontier cake at Bar Citizen and mmm damn that was good

[@LoudGuns]

@@applecrow8 haha nice, I sadly don’t like cake (hidden buff because otherwise I’d be a few extra inches on the waistline I think) 😂

[@kirillian777]

Thanks for info! Sounds like a great system! It would encourage multi crew game play to make up the money to reclaim my ship. Or to get help to go get my ship and repair it. Or drag back to station

[@BlakedaBull]

Imagine having to go to the one banu dealer on the edge of the galaxy if you bought the banu merchantman in game . And they give you money after you’re exploded (after 1.0 , which at best 2030- also assuming you didn’t get an in verse warranty)

[@Boss-zo4lw]

Wow pirates are going to utterly destroy players fun with this insurance, now they may have to go buy the ship etc everytime too.

[@johnpreston6720]

It brings actual risk to the verse and hence more realistic. The one thing I would love to see in the game is being able to sell in game bought ships I don't want any more.

[@LoudGuns]

I would imagine that you will be able to like they showed for crafted ships. If I were to make an educated guess the one type of ship you won't be able to sell will be pledge ships (far too many issues to allow that to be the case).

[@MomForgotToNameMe]

Paying for an asset with real money should indicat you always have access to that asset in game under any condition unless it is a stated consumable or you break your game rules and TOS aka cheating. Hence, any pledged ships should as indicated have unlimited warranty which is the right move. Having an insurance is the game here and as it should other than that having different insurance time intervals means shit. Nothing changed really, just added another layer of processing it. And in my opinion LTI insurance never have been more valuable. I can now understand that my LTI ships will never give me the headache of having to think if I need to renew the insurance for them or not.

[@billdoetsch]

Yep, I think this makes LTI probably nicer on a pledge ship- you can just always have ship insurance + warranty.

[@felixsbert9163]

Well... it's kinda killing the Pay2Win-Faktor, innit? Guess the mood of the players will be symmetrical to the balancing-factor. I actually like the Idea of ppl in the verse taking care of their ships. I would like a polishing-emote... wax on and wax off😂

[@LoudGuns]

@@felixsbert9163 I would go with “softening” the P2W rather than killing (having a billion credit headstart over another player and a warranty on a ship that someone else can’t get anywhere near as easily is still P2W) - but softening was the best we could hope for imo so I’m happy with the direction for sure.

[@halfdan5278]

Oh look white knight retards in KZbin as well as Speculum.

[@felixsbert9163]

True. Guess IT still comes down to how much the ingame warranty will be. If you have Grind all das Long to pay for it, then it'll still be pay2win😅

[@LoudGuns]

@@felixsbert9163 my definition of P2W is the ability to exchange real world cash for any advantage in a game. So I can never get onboard with saying SC isn’t P2W because ships / armour / guns / insurance / warranties are all available for $$$ and while the level of advantage can be debated it’s inescapably an advantage. That being said that ship has well and truly sailed, so now all I really hope for is that softening by still enforcing cash sinks on players who have bought big fleets of ships for cash. Disclaimer: I’ve got one of the silly top hats so I’m arguing for shooting myself in the foot / not just hating on people for having paid to play.

[@Stellar-Nucleosynthesis]

Good. The least P2W, the better. I say that as a concierge member.

[@bizibetikko2725]

What level of insurance would you need for a store bought customised 300 series? Will the customisations count as part of the chassis?

[@PsiQss]

That is a good question. I do hope they have a level 3 warranty, especially that there is no way those will have LTI (afaik) so you will still have to pay in game to extend that.

[@chrismoeller4517]

Wonder if weapons in the weapon racks and armor in the suit lockers will be covered under 'decorations'

[@JISHBOSIN]

As someone who hops in and out of the game throughout the year... Can someone point me in the direction of a "still current" mining AND a salvaging video. Like a refresher on how to do it and what resources are worth my time. If anyone does, thank you so much.

[@graegoles8382]

The mining vid from loud is still pretty current, but mineables on the surface dont spawn atm, so asteriods only. Savlage i dont know.

[@Lampislife]

My LTI crucible is now going to be so much more useful in the fleet.

[@aimesblack]

For me this isc has two sides one part is that this year may be a bit dry apart from hopefully pyro on the other side this game may get actual progression in the future and thats probably what it needs most.

[@kangarutan1915]

Don't know if I just spaced out and missed it but, what about insurance on internal stuff? Yeah, I'm sure we'll have cargo insurance but what about things like armor or weapons stored on the ship? Are those covered under decoration insurance or are we just SOL if we put our weapons/armor on the rack and then pancake into a mountain?

[@LoudGuns]

@@kangarutan1915 good question - not sure on the answer. If anything they would be covered by level 3 insurance but they haven’t specified the level of detail.

[@daganael]

I love you cited Mo Gawdat :P

[@LoudGuns]

@@daganael one of my favourite books 👍

[@daganael]

@@LoudGuns It's a great book, spread the love !

[@johnvanderven3889]

80% of the claimed ships are the ships that bug out in terminal and you can only claim a new one

[@seanLeprechaun]

@1:57 I've seen no indication that you may *buy* a warranty (with credits) so I believe this statement is incorrect. If someone can point me to that, I'll delete this comment to avoid confusion. You may only buy INSURANCE with credits. Every ship you buy with real money comes with a permanent lifetime warranty and whatever insurance length is stated at the time of purchase. The only way (that has been revealed as of now) that you can get a warranty on a ship purchased with credits or crafted is to *earn it* (i.e. mission rewards, rare loot) and that warranty is transferrable to any ship in your fleet with the restrictions as you mentioned.

[@LoudGuns]

@@seanLeprechaun I believe I misspoke but the statement is ratified less than a minute later when I gave the examples they did of how you could earn warranties

[@vakeervondelecruax8526]

Where do modules fit in? Like the retaliator and galaxy?

[@ghostofthecommentsection]

I find the concept of paid insurance not being at least equivalent to level 2 (and thus probably also level 3 since level 3 is the least meaningful in the first place) to be quite mortifying, but I think I get why it might be like that, so c'est la vie.

[@LoudGuns]

@@ghostofthecommentsection yeah “cash sinks = necessary” is the most likely explanation, also just cooling the jets on the P2W angle.

[@ghostofthecommentsection]

​​@@LoudGuns the ship has sailed on P2W, honestly - if, upon 1.0's release, people who own capital ships are not able to access those ships before players with smaller ships have had enough time to realistically earn their way to one (as a group large enough to partially or fully crew one), I will be quite shocked. That is an advantage that is paid for. The same is true on a smaller scale of ships all the way down the ladder. Insurance, meanwhile, is a passive economic advantage with less direct gameplay benefits - especially since every starter pack comes with an insured ship, meaning that no player will ever be without an insured ship before they can afford it in-game - so I think there is a legitimate debate to be had as to how meaningful of a gameplay difference it makes, especially since we don't know how much it will cost yet.

[@MSFTJustice]

Lets hope we don't see transferrable warranties on the pledge store. Actually gawd, I can see it "buy the A2, its on sale and comes with a transferrable warranty".

[@rwilliamm]

1.0 ship claim timers seem like a bad idea. If claim time is as long as ship crafting time, does not sound good. A ship bought on the pledge store, like ships sold at New Deal or other in game store, an insurance claim IMO should get a ship from one of the stores in game and not take as long as time to craft. Only crafted ships should have the crafted timer for claiming.

[@LoudGuns]

@@rwilliamm idk I recently looked at buying a new new car and for a common as muck seat or Ford the lead times were around 4-6 months?

[@Volf1916]

A time factor I think will adjust players conduct within the game is that insurance though giving you credits to go get the ship, does not give you the ship. You still have to go to a location that sells the ship if I am hearing what insurance now represents. What if I don't use those credits for that ship? Do I lose my LTI on my pledge ship? Am I only allowed to use those credits for replacing my lost LTI ship? Seems a few loopholes in this is not fully fleshed out. What about character resets? Is that going to stay a extra special respawn my base character to home or will there be an account level reset so players can just death of a spaceman transfer back to start with just their starting (RSI pledges). Lose all in-game credits, rep, ships start fresh because you were away from the game for a year, and a new clean run would be preferable?

[@LoudGuns]

@@Volf1916 you wouldn’t ever get credits for a pledge ship since they all have a warranty (so you would always get the ship back not money). Credit based insurance is for where you have insurance but no warranty - you lose the ship, you get the money to buy the ship again. At that point if you don’t like the VG warden you just lost you could always just keep the cash and buy something else with it instead.

[@ianwilson4286]

If I have max insurance/warenty do I get weapons and armour or even cargo on the lost ship?

[@LoudGuns]

@@ianwilson4286 we’ll have to wait and see if weapons / armour are covered by level 3. I know that in the past they have talked about separate cargo insurance as well.

[@dawnfire82]

In the real world, cargo insurance is completely separate because the value and even presence of cargo varies with operations, and some cargoes are dangerous and others are not.

[@warren3174]

Half of the unclaimed ships remaining in game are from the servers causing their loss forcing a claim.

[@juli12345istRecorsi]

So this means you can "sell" ships that you bought ingame by committing insurance fraud

[@LoudGuns]

@@juli12345istRecorsi I don’t believe in game ships will be sellable. You could potentially exploit it by allowing someone to steal your ship and (if they have criminal rep high enough for the new title) they could claim it. But I would imagine there is some work to do to close that loophole.

[@BullzOfSteel]

is there a point to having LTI now?

[@CitizenScott]

RIP LTI

[@JulesVega_]

LTI is still worth it. Its basically exactly what I thought it was going to be. Getting an original version of my ship back, without ever having to think about it.

[@CitizenScott]

@@JulesVega_ Define "worth it." Every pledge store ship comes with a Lifetime Warranty now.

[@LoudGuns]

@@CitizenScott I think the advantage Jules references is never ever having to worry that you’ve not got insurance. For instance there’s nothing to stop the penalty being 95% of the ingame value of the ship.

[@hawkzulu5671]

Theres a version of insurance - or Anything that wouldnt send you crying online @Scott?

[@CitizenScott]

@@hawkzulu5671 Sorry do I know you? You seem butthurt about something.

[@Shinom4ever]

I don't drink tea... I drink cold water!

[@Fonsecaj89]

Imagine all the money you will lose for all of the random explosions

[@LoudGuns]

@@Fonsecaj89 well you would hope that by the time this is implemented With 1.0 those explosions will be pilot error not server error! 😂

[@HAlanJohnson]

How much is the insurance? For how long? For each tier?

[@LoudGuns]

@@HAlanJohnson information not provided I’m afraid and tbf it will probably be subject to change with balancing etc

[@HAlanJohnson]

@@LoudGuns C.R. had mentioned that ship insurance would not break the bank (be affordable) and the time coverage would only pass while in game. So a 24 month ship insurance would last a very long time. But he didn't mention (or have any idea?) of warranties or tiered insurance back then. Therefore I'm guesstimating that it'll be an even smaller credit amount.

[@lacielexbloodsilver2544]

Great veido and help a lot

[@LoudGuns]

@@lacielexbloodsilver2544 thanks 🙏

[@danielkempster85]

Thanks!

[@LoudGuns]

@@danielkempster85 👍

[@house382]

Am I the only one who uses an Aurora to recover my ship/stuff from a bunker I get capped in?

[@LoudGuns]

I might do that too, but then what happens to the Aurora? :D

[@dubcoyote]

Motto of the day is keep paying us money. I can see people buying uec just to pay for insurance.

[@SpaceDad42]

Insurance costs will be trivial. Operating costs are gonna be the real pain.

[@alwayssearching4760]

90 percent of ships claimed haven't been destroyed. Yeah 85 percent have a in game glitch to blame instead I'm sure. Like the pilot daring to walk outside.

[@LoudGuns]

@@alwayssearching4760 I’d honestly say at least 85% of my personal insurance claims are due to me being lazy. Logging off after a mission without bothering to bring my ship back to a station or flying to a location then claiming a bunch of ships rather than transporting them myself.

[@Tainted-Soul]

Im just waiting to see lvl 2 and 3 insurance sold with LTI LOL

[@SpaceDad42]

No doubt you will.

[@Trillineatus]

Kinda disapointed here. Spent a lot of money and time to upgrade everything to LTI...

[@LoudGuns]

@@Trillineatus not at all knocking you, but CIG did always warn people that LTI wasn’t that big a deal - it was more the community that made a big thing out of it. Tbf LTI does still have value (I.e. never ever having to worry about the worst case of losing an uninsured ship chassis) but it’s not as much as some people made of it.

[@navanafti]

I'm excited for the insurance changes. Right now there's almost no penalty to losing a ship that costs millions of credits, and that's just silly.

[@SpaceDad42]

Right now there should be no penalty. It isn’t a game yet.

[@Doc_Paradox]

You're right! If this was a finished game.. But its not nor even close. Its a buggy mess where you lose your ship to the dumbest uncontrollable bugs possible. We are literally alpha testers and penalizing you for testing is just insane.

[@navanafti]

@@Doc_Paradox Neither I, nor the folks at CIG, think that right now is the time to implement these changes. This is specifically for insurance in the 1.0 game, which will be in a completely different state. It will no longer be in alpha status, and the goal is to be bug free at that point.

[@Doc_Paradox]

@@navanafti I love your optimism but CIG have been trying to add punishment mechanics for a while now while this is the end goal that doesnt mean they wont try to add chunk sized parts of it as time goes on. they are stuff in a limbo of needing the game to keep players while not being able to actually progress without meshing and their plan has been to pretend the game is more than just a sand box and its not going all to great thats all im saying.

[@Paralox_]

It's all assuming ppl won't explode to bugs en masse

[@SpaceDad42]

At 1.0, yes, that is the assumption….

[@alwayssearching4760]

"Warranty" You keep using that word. I dont think it means what you think it means CIG. (not @LoudGuns) 🤔

[@LoudGuns]

Sorry, what do you think is wrong with it?

[@alwayssearching4760]

@LoudGuns Go buy a new ford, drive it into a tree, then bring it back to ford for a warranty claim. Youll be laughed off the lot. I would keep it at different teir level insurances to keep things clear.

[@SpaceDad42]

@@alwayssearching4760 That is CIG’s use of the word and it doesn’t match with real world common use, but it is not necessarily being used incorrectly. “Warranty” is nothing more than a guarantee. You can guarantee whatever you decide to. In this case, they guarantee a new ship instead of equivalent depreciated value.

[@LoudGuns]

@@alwayssearching4760 Ah - I am using CIG's exact words / terminology, these aren't things I'm making up :D

[@alwayssearching4760]

@LoudGuns Absolutely I know they are the ones that came up with it. Just saying this taking a word and changing the common understanding of it is just garbage. Creates unnecessary confusion.

[@johnski4709]

So ship I paid 1400 for I still have to pay in game credits? I have to work extra to get back something I already paid real money for? There should just be a timer for pledged ships.

[@Cross_111]

Yes there should be! But unfortunately thats what they sold for years and they will not take it back now… 😅

[@LoudGuns]

@@johnski4709 tbf it it important that game economies have cash sinks - if they don’t you just get hyper inflation.

[@SpaceDad42]

Insurance was ALWAYS a thing. It has always said to be a trivial cost as well. You will also be paying medical insurance and taxes. Wait until people see what operating costs are going to be on their 20-30 ship fleets they have accumulated over the years. Lol Most ships will never leave the garage for years.

[@Aeternum_Gaming]

holy shit is your intro long enough? a simple name flash is adequate

[@LoudGuns]

@@Aeternum_Gaming I like it…and it’s my channel…and the chapter markers are there if you want to skip it. Next question.

[@halfdan5278]

This is bullshit. If you pay real money for a ship it should come with lifetime insurance and warranty. Period. They're really going to make a new player who buys a ship and is still learning to play pay millions of credits he doesn't have to get it back? They're out of their goddamn minds. Furthermore, 90% of the time I have to claim my ship is because of some broken ass aspect or bug of the game that they refuse to get out their dead asses and fix. So they're going to leave all the problems in the game, cuz let's be honest, they're not going to fix them and this translates into just a larger penalty for playing the game

[@LoudGuns]

@@halfdan5278 since this is a 1.0 thing and part of the benchmark is a much greater degree of stability it should be pilot error not server error. Plus you only get the severe penalty if you don’t insure your ship before you fly it and insurance should not be millions of credits that you can’t afford.

[@heru_ur6017]

In 10 years when this gets released it will be different again. 😂 keep spending suckers.

[@sleepyplays7607]

So you sad LTI has little Value outside of convenience. But it seems to me that LTI actually has a Negative Value. I pay $200 Real Cash for Non LTI Ship. I lose it in Game. A pay imaginary Money earned in Game and get my ship back! Cost out of Pocket is $200.00 + Time Playing a Game that I want to play, and would be playing anyway. I pay $250.00 for the same ship with LTI. I lose it in Game. I file claim and Get the Same ship Back as if it was non LTI because all warranty's = Level 1 insurance. My Cost out of pocket is $250.00 and I am still going to play the game for the same time because that's why I bought the game in the first place! So I lose $50.00 by having LTI. Now time is money but I don't lose any Time because I was going to play anyway. That's why I bought the Game. So all I lose is in Game progression, of a Game I was going to play anyway. So is the perceived convenience worth $50.00 of real world money? Sounds to me like LTI only has Value on Token ships.. I bought my LTI Hull A at concept for 60.00. Not sure the Non LTI Price.. I think it was the same but for this example lets just say it was $50. Then I am only out $10 real world money given the two Scenarios! Sounds like for convenience only LTI Token ships only have any real value, unless $10 or similar will break you. I mean we Tip $10 at a Family Restaurant. But for the Purest LTI would always have a Negative Value?

[@LoudGuns]

@@sleepyplays7607 the example falls down slightly since the concept sale is always the cheapest time to buy a ship - the hull a for example is $90 not $50.

[@sleepyplays7607]

@@LoudGuns Good Morning... Thank you for your reply.. The actual purchase price isn't the point. the Point is the Value of LTI. And although in this context it doesn't really matter but the Hull A was $60 Hull B Was $90 Hull C was $200 and Hull D Was $350 At Concept! I still have 1 Hull A LTI left for Buyback as a LTI Token. A Hull B and a Hull D In my Fleet! Backed in 2014. BTW I do Like your vids and I am not trying to be contrary. Just stating my observation! Thank you for your content. Peace and have a great day! :)

[@LoudGuns]

@@sleepyplays7607 hey man, no issues here - my point though was that nobody pays more to get LTI since by getting LTI you’re either getting in at the cheapest price point (the first sale) or you’re ccu chaining from an LTI token (which when done right leads to a lower purchase price for the ship). I don’t disagree that LTI has minimal value (I always pointed out to people that CIG themselves repeatedly warned it wasn’t a big deal) but to say it has negative value just isn’t accurate.

[@LoudGuns]

@@sleepyplays7607 the reason I would long dated insurance has “minimal value” as opposed to “no value” is that (if we take 2 examples); LTI: you will never ever have to pay for level 1 insurance. 3mth insurance: after those 3 months are up - assuming you don’t want to incur the penalty - you will have to pay for level 1 insurance. So there’s some credit based value here - however, CIG have said insurance costs will ultimately be negligible in the context of the game so “minimal”.

[@SpaceDad42]

I find it amusing that people need explaining after it was explained quite clearly already. The lack of reading comprehension from the average Star Citizen backer is alarming.

[@LoudGuns]

@@SpaceDad42 hey man don’t tell people to read! I’d be out of a job 😂

[@SpaceDad42]

@@LoudGuns Lol. I think you are safe there.

[@gankmarvin]

This is all bad. Does anyone actually trust the game not to arbitrarily destroy our ships or have other glitches? Does anyone like flying around to multiple locations refitting ships? Can anyone fly in asteroid fields without losing ships occasionally. Ships are expensive for the amount of grinding required to buy one and expendable in that they explode a LOT. This system could bankrupt me very quickly.

[@Stymfalm]

These changes are for a 1.0 release.

[@gankmarvin]

@@Stymfalm I agree! (sarcasm)

[@blackcobra8849]

Pay to play. Now I need to buy a suv or towing ship. Nobody has this amount of time to play this. The only level of reality his is paying out the money. No one in game could afford to play . Mission in game pay out are way too low.

[@JulesVega_]

Did I miss something about needing a towing ship?

[@Z.HadresGaming]

They are gonna adjust prices over time. The game is in alpha still

[@MyxRSC]

Did you not hear the shuttle ship part?

[@dawnfire82]

@MyxRSC Some people just like to bitch.

[@Waybreaker]

Not sure what you mean at all. This has all been part of the plan since the early days. The only new bit is the separation of Insurance and Warranty.