'Insurance' suggests that the licences will be replaced. This is not insurance. iLok requires that we submit an RMA request that will cost $49.95 USD plus shipping, outside of the 2 year warranty. Then they assess the broken iLok to determine whether the licences can be recovered and if not, we need to then contact VSL and tell them. If our iLok is lost/stolen then just skip straight to the last step. That's when VSL tell us that we need to pay 50% of the original price of the licences.
What we get for $30 USD is temporary 2 week licences while we freak out about having to pay VSL thousands of euros AGAIN.
So the real insurance is the TLC which is just licences that expire every 90 days. which would still potentially leave us without the ability to use our products for 75 days. And why should that cost us $30 USD a year?.