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Insurance was only for post ignition, there will be no insurance payout for this accident.

• Animats 10y ago
  Anyone know if the satellite owner took out pre-launch and transit insurance? That's a separate insurance cover from launch insurance. Satellite launch insurance starts at normal ignition and usually ends with the satellite in the desired orbit.[1] [1] https://www.marsh.com/uk/industries/aviation-aerospace/space-and-satellite-insurance.html https://www.marsh.com/uk/industries/aviation-aerospace/space...
• sigmar 10y ago
  source?
• agildehaus 10y ago
  Elon was talking of SpaceX's insurance. Read: SpaceX won't be recovering the cost of the launch vehicle or the payload. Spacecomm likely has their own insurance. Hopefully more details on this will emerge.
• pavelrub 10y ago
  This is false. Pre-launch accidents are covered by marine cargo insurance.