When a SpaceX Falcon 9 rocket burst into flames Sept. 1 during a pre-flight mishap, the satellite sitting on top was the more valuable casualty. AMOS-6, owned by the Israeli company Spacecom and manufactured at a cost of $175 million, lay at the center of a delicate web of global contracts between its operator, the operator’s potential acquirer, its transporter, its manufacturer, and their various clients, including Facebook and NASA. The answer to who would pay for the loss came a few days later, when the company that built AMOS-6, state-owned Israel Aerospace Industries (IAI), said it believed the loss was covered under the “All Risks Pre Launch policy” for events “during transit and whilst at the launch site” it had purchased from, naturally, Lloyd’s of London.

http://qz.com/775481/how-to-insure-something-that-blows-up-once-every-twenty-times-you-use-it/