Are upgrades covered under LTI, or do you lose the upgrade if your ship blows up?
I really have no idea how much I'll get into this... but I almost feel like I should get on the LTI bandwagon before it's gone forever. lol
LTI is only basic insurance, you'll get a factory-spec hull if your ship is destroyed in covered areas, and it can be revoked if you commit insurance fraud (purposefully damaging the ship or illegally sell it etc). You'll have to use UEC to get insurance that covers any upgrades, cargo, or operations under dangerous conditions.