There is no need to do so. "Currently, on the Alpha and Public Test Universe (PTU), all ships and vehicles are given a basic insurance plan that does not expire to facilitate testing. At this time, it requires no upkeep or fee for players to acquire basic ship loss coverage."
If you say so. And of course all any have to do is go on youtube or twitch to prove that isn't an accurate report of the state. But as long as it makes you feel better to say that.
Usually it is the vast variance in magic items from one DM to the next that makes it very hard the rules set. Then of course the DM must work out what to do about the magic items they gave out. And of course the variance in skill and style of the players...
Min/Max players are crap at higher level. Role Players are great at any level. DMing at low level is fairly easy. DMing at high level is a bitch at best.