Check the image. If one of your purchased ships is destroyed without insurance, you do not lose it, but to recover it you will have to pay a penalty in extra UECs (Confirmed lately). Enjoy! EDITED: this question was answered at Concierge Spectrum Section. The question was: Also I asked about confirmation that the “penalty” is in UECs currency, and Azme confirmed it to me. I will try to add here a resume about insurance knowledge we have when I can.