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Brooke Sukarala
State War Academy Caldari State
0
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Posted - 2015.07.13 16:39:57 -
[1] - Quote
Due to a mistake of myself, my ship got blown up (Garmur). I thought oh well, not that serious since I got a platinum insurance for it. But then I saw the payout of the insurance : 452.867 ISK The ship cost me smth around 70M (without fits) and now I got this ridicolous amount of ISK back even having an platinum insurance ?!? did I get something wrong with the insurances or did I mess up something ?
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Paranoid Loyd
6219
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Posted - 2015.07.13 16:50:23 -
[2] - Quote
You are advised of the payout before you purchase the insurance. So your mistake was not taking note of what that was before you purchased it.
"Gankers are just other players, not supernatural monsters who will get you if you don't follow some arbitrary superstition. Haul responsibly and without irrational fear." Masao Kurata
Fix the Prospect!!!
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Brooke Sukarala
State War Academy Caldari State
0
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Posted - 2015.07.13 17:03:57 -
[3] - Quote
No I dont think that this is the case.. I remember that the insurance was pretty costly but had a correct / decent payout and not this low amount. |
Do Little
Red Frog Freight Red-Frog
42
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Posted - 2015.07.13 17:30:05 -
[4] - Quote
Insurance payout is based on the average values for all building materials that are used in the building of the ship (minerals, T2 and T3 components) - around 421,000 isk for the Garmur - adjusted for the level of insurance purchased and a type multiplier. Since the blueprint is the major component in the cost for pirate ships, they are not worth insuring. |
Amanda Chan
Error 404 Pod Not Found
28
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Posted - 2015.07.13 18:19:42 -
[5] - Quote
Brooke Sukarala wrote:No I dont think that this is the case.. I remember that the insurance was pretty costly but had a correct / decent payout and not this low amount.
Unfortunately you are wrong. When you insure a ship it will show you the pay out. Now while the payout can fluctuate, it's common knowledge that it's not worth insuring any non t1 hull.( I.e Faction, T2 and T3 hulls).
Do LIttle wrote: Insurance payout is based on the average values for all building materials that are used in the building of the ship (minerals, T2 and T3 components)
This gives us further insight as the reason that faction, t2 and t3 hulls are so expensive are the additional items needed to build them beyond the material price(i.e a purchased faction/invented t2/t3 bpc) |
Do Little
Red Frog Freight Red-Frog
43
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Posted - 2015.07.13 18:34:51 -
[6] - Quote
I don't own a Garmur but my Worm is roughly the same cost - 70 mil.
Platinum insurance for the Worm costs 139,584.60 with an estimated payout of 465,282.00. Reasonable ROI on the policy if you expect to get blown up but a tiny fraction of the replacement value for the ship. |
Brooke Sukarala
State War Academy Caldari State
0
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Posted - 2015.07.13 18:35:48 -
[7] - Quote
Hmm all right, thank you guys. I am still quite new to Eve and don't know things like these yet. I appreciate the help |
Bronson Hughes
The Knights of the Blessed Mother of Acceleration
1873
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Posted - 2015.07.13 19:09:32 -
[8] - Quote
Ship insurance payout is based purely on the build value of the hull, not the actual market value. Since faction and T2 ships generally cost far more to buy on the market than their build materials would indicate, they're generally not worth insuring.
Relatively Notorious By Association
My Many Misadventures
Inaugural C&P Thunderdome Champion
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ShahFluffers
Ice Fire Warriors Snuffed Out
8319
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Posted - 2015.07.14 01:43:26 -
[9] - Quote
Do Little wrote:Insurance payout is based on the average values for all building materials that are used in the building of the ship (minerals, T2 and T3 components) Nitpicking time...
T2 and T3 components are not factored into the build cost of ships. Insurance is solely based on ~80 to 90% of market mineral value of a ship (Tritainium, Zidrine, etc).
How did you Veterans start?
The Skillpoint System and You
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Amanda Chan
Error 404 Pod Not Found
29
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Posted - 2015.07.14 02:20:55 -
[10] - Quote
ShahFluffers wrote:Do Little wrote:Insurance payout is based on the average values for all building materials that are used in the building of the ship (minerals, T2 and T3 components) Nitpicking time... T2 and T3 components are not factored into the build cost of ships. Insurance is solely based on ~80 to 90% of market mineral value of a ship (Tritainium, Zidrine, etc). And the reasoning for this is; if you are flying T2, T3, or faction ships... you have disposable income, are not exactly a nubbin, and you PAY for that "extra performance."
https://wiki.eveonline.com/en/wiki/Insurance
Excerpt: Insurance payout values are dynamic (effective since the release of Tyrannis). This means in short that you can choose to insure your ship at a price where the payout will be calculated at the time of the ship loss based on the (then) current market prices and the type of ship you were flying at the time.
What this means is that after every set insurance period, an index will be created calculating the trimmed average values for all building materials that are used in the building of ships (minerals, T2 and T3 components) and when a ship is destroyed, this index will be used to calculate the full replacement value of that ship based on the materials required to build it. The player will then receive an amount of ISK that is defined by the:
(value of the ship according to the index) * (percentage of insurance coverage) * (ship type multiplyer)
The ship type multiplier is used to make some ships more expensive to lose then others. For example; a Tier 1 battleship will have a multiplier of 1, therefore receiving the full benefit of the type of insurance bought, but a Titan may have a multiplier of 0.01, thus only granting a fraction of the insurance value. This change will allow insurance to scale along with changes in the market and is meant (among other things) to minimize the risk of insurance fraud. |
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ShahFluffers
Ice Fire Warriors Snuffed Out
8320
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Posted - 2015.07.14 03:43:52 -
[11] - Quote
I know what it says on the Wiki.
The Wiki is not correct (about a lot of things).
How did you Veterans start?
The Skillpoint System and You
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Serendipity Lost
Repo Industries
1181
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Posted - 2015.07.14 12:30:11 -
[12] - Quote
ShahFluffers wrote:I know what it says on the Wiki.
The Wiki is not correct (about a lot of things).
Wiki is your friend. Give in to the wiki.
https://xkcd.com/978/ |
Legatus1982
State Protectorate Caldari State
2
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Posted - 2015.07.17 13:03:20 -
[13] - Quote
Apparently ccp and everyone who plays eve online forgot that blueprints are a component required for building these ships and that in the lp stores you will pay 60m BEFORE lp to purchase the blueprint.
Drop rates notwithstanding (and ccp is well capable of figuring that part out) any idiot can tell you the ship costs more than 450k and if the store itself sets a 60m minimum you'd think the insurance could reflect that.
Why people continually excuse broken systems like the current "insurance" on many hulls like these I'll never know. People can't be saved from themselves. |
Barrogh Habalu
Forever Winter Absolute Zero.
929
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Posted - 2015.07.17 15:25:09 -
[14] - Quote
Legatus1982 wrote:...you'd think the insurance could reflect that. Could, but not supposed to. You'd think that if something is so obvious and can be addressed (CCP have addressed mineral components, after all), then maybe, just maybe, current system is there for a reason?
Legatus1982 wrote:Why people continually excuse broken systems like the current "insurance" on many hulls like these I'll never know. People can't be saved from themselves. It's on you to prove it's broken before attacking the rest, okay? |
Jacob Holland
Weyland-Vulcan Industries
420
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Posted - 2015.07.18 09:05:01 -
[15] - Quote
I would say that I think the insurance on faction frigates is (perhaps) an edge case. The reasoning on the low insurance values on T2 and faction is that (as stated earlier) you're rich enough that you don't need the help and therefore you know more or less what you're doing... Faction frigates however are very accessable skill-wise and may well be flown by people who have very little experience of the game - in Faction Warfare for example, where new players are likely to be exposed to them very early (Slicers in particular); I also saw a significant rise in new players talking about the Astero in the exploration phase of WingspanTT's EVE career. For a good proportion of newer players the Faction Frigates are early goal-ships - and a lot of them are going to be employing them in dangerous environments where ship on ship PvP is likely (if they aren't actively seeking it).
Conversely, many of the new players in FW who are exposed to Faction Frigates will be being killed by vastly superior (more experienced) pilots in those same Faction Frigates and boosting the insurance payout to the point where a new player can benefit would bring the costs to those more experienced players down to near negligable levels...
The ideal would be to give newer players more of a cushion without changing the dynamic significantly for more experienced ones (on their mains or their alts)... I wonder if something like the Cerebral Accelerator could be done - a "No Claims Bonus" booster (for want of a better name) which boosts the insurance payout for certain ships for the first 30 days ( long enough to lose a Hookbill, or a Comet... perhaps even an Astero?) of an account's life - the payouts on T1 could be reduced to compensate (30 days with the right skill plan and scheme could provide a significant ISK faucet through insurance fraud after all). |
baltec1
Bat Country Goonswarm Federation
16398
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Posted - 2015.07.18 13:18:30 -
[16] - Quote
Legatus1982 wrote:Apparently ccp and everyone who plays eve online forgot that blueprints are a component required for building these ships and that in the lp stores you will pay 60m BEFORE lp to purchase the blueprint.
Drop rates notwithstanding (and ccp is well capable of figuring that part out) any idiot can tell you the ship costs more than 450k and if the store itself sets a 60m minimum you'd think the insurance could reflect that.
Why people continually excuse broken systems like the current "insurance" on many hulls like these I'll never know. People can't be saved from themselves.
Thats working as intended.
Join Bat Country today and defend the Glorious Socialist Dictatorship
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Sylveria Relden
87
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Posted - 2015.07.18 15:34:27 -
[17] - Quote
Market Price =/= Cost of Materials
Insurance is based on the cost of materials to create the product- not the Market Price asked for by those selling the finished product. I'd venture to say that most of those discontented with insurance payouts are so because of this.
I'm sure if it were reversed someone would find a way to exploit this to their advantage for isk payouts for insurance- where there's a will, there's a way, after all.
TL;DR If you didn't read the entire post perhaps you're probably ADHD. (seek help)
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Zan Shiro
Alternative Enterprises
702
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Posted - 2015.07.19 16:24:51 -
[18] - Quote
Sylveria Relden wrote:Market Price =/= Cost of Materials
Insurance is based on the cost of materials to create the product- not the Market Price asked for by those selling the finished product. I'd venture to say that most of those discontented with insurance payouts are so because of this.
I'm sure if it were reversed someone would find a way to exploit this to their advantage for isk payouts for insurance- where there's a will, there's a way, after all.
This...and eve was here before.
The good old days of insurance fraud. At its high point one got skilled as to how to blow up a ship as fast you could....to make isk faster. It beat waiting for market sales sometimes. Some of the best schemes I saw was to get dec'd by the 4-4 nut swingers. Undock wt red and dead in seconds. Vice the waiting 2 minutes for SD. Not caring about the loss mails....you could make some fast isk this way really.
Pirates are t1. Plain t1 bp needing plain t1 skills to make. CCP can't speculate the worth of the bp. That market is very screwy. One of eves's better pirate BS' (imo, for pve anyway) has historically been the cheapest of the lot. Rattlesnake bp's in the hay day of other pirate BS' commanding 1.5 bll prices (most of the cost the bpc) was the same cheap gem it has always been. |
Legatus1982
State Protectorate Caldari State
3
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Posted - 2015.07.20 11:35:04 -
[19] - Quote
Market value 60m
Insurance payout 500k
Working as intended ooooook maybe you guys should Google what insurance is, some of you seem to be a little confused on the definition of insurance.
It wasn't too long ago that t2 hulls were getting insurance of 400k per frigate also and those were changed to about 6-8m.
Also, and this is going off on a bit of a tangential rant at this point, but when I buy a t1 frigate hull and the fittings are worth ten times the cost of the hull and not covered... ehhhhhh looks to me insurance isn't really insuring anything in this game. Maybe I should start an insurance Corp and do real insurance since the built in one is a total joke |
Barrogh Habalu
Forever Winter Absolute Zero.
936
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Posted - 2015.07.20 12:53:25 -
[20] - Quote
Legatus1982 wrote:Working as intended ooooook maybe you guys should Google what insurance is, some of you seem to be a little confused on the definition of insurance. Maybe you should google me a company that would even think of fully insuring a combat vessel that is about to go into warzone. Except Pend Insurance, I mean.
Legatus1982 wrote:looks to me insurance isn't really insuring anything in this game. Maybe I should start an insurance Corp and do real insurance since the built in one is a total joke Good luck with that. Pretty sure you'll soon realize why Pend are godlike for us customers. But hey, if you are going through with it, who am I to stop you?
Future of T3 cruisers - multi-tool they aspired to be instead of sledgehammer they have become
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Brutus Utama
Fusion Enterprises Ltd Phoenix Company Alliance
52
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Posted - 2015.07.20 12:56:33 -
[21] - Quote
T2/T3/Faction ships have reall poor returns on insurance payout....
they are usually something similar to the T1 model, so you will get payed about the same as losing a T1 frig with platinum insurance which would be around 400-500k isk so looks about right to me. |
Thron Legacy
White Zulu Scorpion Federation
1
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Posted - 2015.07.21 19:52:55 -
[22] - Quote
Legatus1982 wrote:Market value 60m
Insurance payout 500k
Working as intended ooooook maybe you guys should Google what insurance is, some of you seem to be a little confused on the definition of insurance.
It wasn't too long ago that t2 hulls were getting insurance of 400k per frigate also and those were changed to about 6-8m.
Also, and this is going off on a bit of a tangential rant at this point, but when I buy a t1 frigate hull and the fittings are worth ten times the cost of the hull and not covered... ehhhhhh looks to me insurance isn't really insuring anything in this game. Maybe I should start an insurance Corp and do real insurance since the built in one is a total joke only mineral value is insured working as intended stop flaming cause you lost a kite cancer ship |
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