Hi,

Recently after losing several ships I've been concerned about the finances of Pend Insurance Corporation. It would seem that giving back several times the capsuleer's payment on every ship loss would not turn out well for them - even if only 50 or 40 percent of ships are that are insured are actually destroyed.

Has CCP considered having an actual monthly cost for ship insurance, like real insurance? This would be more realistic and would probably make players think twice about buying insurance, unlike the current "no-brainer" situation where there is no downside to insuring.

In case you didn't notice, insurance expires. There is a monthly cost. Insurance also pays out crap for faction and T2.

The downside is you have to lose your ship for your ISK to not be wasted, and you lose insurance when loaning ships to friends or storing them in a POS. I haven't insured any of my ships in years.

Oh, I didn't know it expires. 12 weeks, it seems.

Thanks!

Oh, I didn't know it expires. 12 weeks, it seems.
Thanks!

Reading is a good thing.

There are tens of thousands of other players not losing ships whose insurance payment comprises the (by comparison) small number of payments doled out to the minority of players losing ships. If everybody was losing ships as fast as they were being purchased (like some EVE utopians envision as the perfect game) then your take would be more accurate, the insurance people would be paying out from a bottomless pit of ISK. It's doing that anyway, but the numbers allow us to pretend it isn't.

Thats complete hogwash. Last fanfest had a presentation that put insurance payout somewhere at 1-2 trillion isk every year, in comparison bounties were at ~30T, that is very much non trivial.

Thats complete hogwash. Last fanfest had a presentation that put insurance payout somewhere at 1-2 trillion isk every year, in comparison bounties were at ~30T, that is very much non trivial.

There are tens of thousands of other players not losing ships whose insurance payment comprises the (by comparison) small number of payments doled out to the minority of players losing ships.

Huh? (Bounties?) Okay. Where did I say "trivial"? Also, where's your "pay in" number?

There are tens of thousands of other players not losing ships whose insurance payment comprises the (by comparison) small number of payments doled out to the minority of players losing ships.

That 1-2 trillion is net value, i was comparing the payout to the biggest isk faucet in eve. So you'd have a comparison. I am too hung over to bother explaining further if you dont get what a faucet is, or how it works. But you shouldnt make things up, its bad mmkay?

edit: speaking of making things up, those numbers are aparently from the 2012 fanfest, not the one last year, sorry.

You claimed that either:
Insurance payout is marginal and doesnt really affect the game or
More isk gets sunk into insurance than it gets payed out or
That ships arnt beeing exploded rather frequently

All of which are wrong and stated in your post. All of which are easily proven wrong by about 30 seconds of googling.

But let me say that you have a incredibly convoluted way of posting for how little you actually say.

And i explained why i brought bounties up. As you say, reading helps.

Hi,

Recently after losing several ships I've been concerned about the finances of Pend Insurance Corporation. It would seem that giving back several times the capsuleer's payment on every ship loss would not turn out well for them - even if only 50 or 40 percent of ships are that are insured are actually destroyed.

Has CCP considered having an actual monthly cost for ship insurance, like real insurance? This would be more realistic and would probably make players think twice about buying insurance, unlike the current "no-brainer" situation where there is no downside to insuring.

What they need to add is a "cooldown" on insurance, in the sense that when you lose a ship for a period of time, lets say 24 hours, your next insurance plan will cost say 10% more, if you lose yet another ship, that timer will reset, and you will get yet another 10% and so on and so forth.

In the real world, if you total a vehicle, then your insurance goes up, if you total another vehicle it goes up again, if you total to many vehicles, insurance companies won't even talk to you.

I said no such thing. Yes, reading does help. Reading stuff by folks like you...not recommended.

There are tens of thousands of other players not losing ships whose insurance payment comprises the (by comparison) small number of payments doled out to the minority of players losing ships. If everybody was losing ships as fast as they were being purchased (like some EVE utopians envision as the perfect game) then your take would be more accurate, the insurance people would be paying out from a bottomless pit of ISK. It's doing that anyway, but the numbers allow us to pretend it isn't.

Try as i might, this reads as "Insurance in eve is a working buiseness model, overall more insured ships live than get blown up."

Fact is, insurance is blowing isk into the economy, much of it. I compared it with a well know other isk printing mechanic (bounties) so you could draw your own conclusions.

If i misinterpreted your post, explain what you meant because i sure as hell cant read it any other way.

I said no such thing. Yes, reading does help. Reading stuff by folks like you...not recommended.

Basicly, dont insure anything unless you are flying t1 ships with t1 modules really.
Other then that, its a waste of money.