Re:A SpaceX Falcon 9 rocket has exploded at Cape Canaveral
by cm2012 on Thursday September 01, 2016 @02:38PM
(#12407778)
Insurance was only for post ignition, there will be no insurance payout for this accident.
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Re:A SpaceX Falcon 9 rocket has exploded at Cape Canaveral
by Animats on Thursday September 01, 2016 @03:01PM
(#12407963)
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...
Re:A SpaceX Falcon 9 rocket has exploded at Cape Canaveral
by pavelrub on Thursday September 01, 2016 @04:39PM
(#12408700)
This is false. Pre-launch accidents are covered by marine cargo insurance.
Re:A SpaceX Falcon 9 rocket has exploded at Cape Canaveral
by agildehaus on Thursday September 01, 2016 @03:04PM
(#12407987)
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.