All of the contracts were based on AMOS-6 being operational by a given date, AMOS-6 has been "under construction" for probably 4-5 years, SpaceX was selected as the launch contractor in late 2012 originally for a mid 2015 launch but the launch was delayed for various reasons.
Sometimes it's wise to stop, read what you just wrote, then hit "back" rather than post a comment.
They very seldom do, at least for non-constellation projects. Cheaper just to pay the insurance premiums for loss of hardware and loss of earnings.
Unless you're a Raman. Then you'll build three.
s/
Although whether it would cost an additional $200 million to build a second is another question, but I doubt there would be that significant an economy of scale for just one extra unit.
Think of it like this if you total your McLaren P1-GTR there isn't an easy way to get a new one ;)
Why not?
It's not cheap but if that's your business you absolutely insure it. It's not cheap though. Would investors let you get away not insuring one? Rockets not making it in to space isn't uncommon.
:-(
[1] Which also seems to be a problem at Tesla as of late.