Galactic Insurance

Galactic Insurance is an insurance service intended to reduce the losses of losing a ship, added in update .54?

Description

If you lose a ship that costs credits to build and is not a Miner or Freighter, 15% refund of the "Current Materials Cost" of the ship you lost will be refunded. If you lose a Miner or Freighter you will get 40%(?) of the original cost back.

You will be notified of the insurance payment shortly after the destruction of your ship in the chat as a server message.

If your ship is destroyed by a glitch you will not receive a refund automatically and will have to consult the Ship Refund Policy.
To have a chance of getting your ship refunded you would need to be recording it is recommend to record as early as possible to increase chances of you getting refunded.

Trivia

There is an advertisement for Galactic Insurance in the Mega Base.