the owner may have in excess of 1 million in the bank, if so, he can insure the vehicle 'himself' for liability. Ive seen this clause used a time or two by celebrities, like back in the day when rowan atkinson parked his mclaren f1 into a metro lol!
Hats off to rich people like this, its how they stay rich!!! Paying untold bills like insurance is what decimates yours and my own coffers, If we wernt paying for it we'd be loaded too lol!!
having anything stolen is deeply unfair and wrong, but its a sad fact that these days you have to expect it, and its a rather tough lesson of 'suck it up' to learn!