In this case, the only insurance would have been to not undock. You can insure ships in Eve, but their fittings and cargo are never covered. The hapless victim

In this case, the only insurance would have been to not undock. You can insure ships in Eve, but their fittings and cargo are never covered. The hapless victim undocked with extremely-valuable cargo in the equivalent of a piece of wet tissue paper, in terms of his ship's durability. In fact, most smart players wouldn't undock with 22 billion ISK in cargo, period...at least not in the game's busiest system, where scores of would-be griefers are waiting to nab people just like this guy.