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Thread Statistics | Show CCP posts - 0 post(s) |
Knoppaz
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Posted - 2006.06.07 19:55:00 -
[1]
Looking at the various insurance-options for my Prophecy I felt the need to do some calculations..
Imho only the basic insurance is really worth it..
Comments?
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Knoppaz
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Posted - 2006.06.07 20:13:00 -
[2]
DOH! Noticed my mistake..
platinum cost - basic cost = 6.375.000
basic effective payout + 6.375.000 = platinum effective payout
In the end it's both 17.850.000 *bangs head against keyboard*
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Knoppaz
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Posted - 2006.06.07 20:20:00 -
[3]
Edited by: Knoppaz on 07/06/2006 20:22:07
 Originally by: Brisi
So you're completely neglecting the fact, that insurance is basically free money? You pay some 30m for a Tier 2 BS, and get about 100m payout when it gets detroyed. 70m free Isk that you would NOT have had, had you not had insurance.
Example 1:
You buy your Prophecy at 25m, and just get basic insurance. Now you got 11.475m FREE Isk when it gets destroyed.
Example 2:
You buy your Prophecy at 25m, and but platinum insurance. Now you get 17.85m FREE Isk when it gets destroyed.
Then come again and tell me what's best.
Note: Did you notice the word "FREE"?
Nope.. the free amount is same on both.. exactly 11.475m cause you paid 6.375m more on platinum 
Only difference is that on Basic you have to pay those 6.375m after destruction and on Platinum you have to pay it before destruction (if your ship doesn't blow up, you'll lose those 6.375m in which case the basic insurance would have been better).
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Knoppaz
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Posted - 2006.06.08 09:23:00 -
[4]
Originally by: Letifer Deus
Edited by: Letifer Deus on 08/06/2006 06:52:36
OK...
so, let's say a BS costs 100mil and thus platinum insurance gives 100 mil payout and basic gives 50 mil.
I spend 30 mil for platinum insurance, but instead of getting back 40 mil, I get back 100 mil.
As the base price is the same, that cancels out, so you are only left with:
payout - insurance cost
40 - 0 = 40
100 - 30 = 70
So assuming I lose my BS within 12 weeks, I am getting 30 mil for free.
Nope.. you don't get 30m free cause you already spend those 30m for the platinum insurance
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Knoppaz
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Posted - 2006.06.08 10:05:00 -
[5]
Originally by: Redsteel
you really don't get it, do you?
ok then..
40m payment for uninsured ship
100m for platinum insurance.
now substract "expenses" and see what's left.. if you still insist you'll just make a fool of yourself.
Besides that I may already look like a fool I'm not talking about uninsured/plat insured, but basic insured/plat insured 
insurance over non-insurance pays out, that's obvious, but is a plat insurance really worth it?
Nope, cause the amount you pay is same for both in the end (basic and plat insurance). Plat insurance is just more convenient, but you risk to loose some money if your ship doesn't get blown up. That's why some people nuke it themself.
Now give me a nerdcap already.. 
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Knoppaz
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Posted - 2006.06.08 10:08:00 -
[6]
Originally by: Aramendel
Not only that, Letifer Deus is actually substracting those 30 mils *right above* that comment.
To make it a little clearer:
40 (basic payout) - 0 (basic insurance cost) = 40 (payout after insurance costs)
100 (platinum payout) - 30 (platinum insurance cost) = 70 (payout after insurance costs)
Although I wouldn't exactly call them "30 mils free" but "30 mils less lost", it's not like you make profit when getting your ship blown up.
Where do you get those 0 from. Basic insurance for my Proph cost 1.275.000 and not 0. I guess for a BS it costs quite a bit more..
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Knoppaz
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Posted - 2006.06.08 10:18:00 -
[7]
Edited by: Knoppaz on 08/06/2006 10:21:51
Originally by: Leshrac Shepherd
Originally by: Knoppaz
Originally by: Aramendel
Not only that, Letifer Deus is actually substracting those 30 mils *right above* that comment.
To make it a little clearer:
40 (basic payout) - 0 (basic insurance cost) = 40 (payout after insurance costs)
100 (platinum payout) - 30 (platinum insurance cost) = 70 (payout after insurance costs)
Although I wouldn't exactly call them "30 mils free" but "30 mils less lost", it's not like you make profit when getting your ship blown up.
Where do you get those 0 from. Basic insurance for my Proph cost 1.275.000 and not 0. I guess for a BS it costs quite a bit more..
Following your flawed logic it is best not to insure at all, since it has the highest possible efficiency.
Flawed logic, eh?
Where did I ever say it's best to not insure at all? I just said that basic insurance is the best option. The only flaw on my side was to first asume that basic insurance would save you money while in reality neither basic nor plat insurance saves you money -edit to make it 100% clear: over the other insurance that is. Both save you money over not insuring at all  - (as I noticed in my second reply). Nothing more, nothing less.
Maybe your flawed logic made you asume im completely against insurance
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Knoppaz
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Posted - 2006.06.08 10:42:00 -
[8]
Edited by: Knoppaz on 08/06/2006 10:46:55
K, time to edit the headline again. It may be misleading..
edit: *looks at headline* Better now?
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Knoppaz
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Posted - 2006.06.08 13:24:00 -
[9]
K, where is my nerdcap already?
Aramendels last post finally gave me a clue (took long, I know  ).
Hey, at least I admit that I'm wrong and pretty stubborn at times 
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