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Are you still using insurance?

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Shameless Avenger	Posted - 2007.02.06 17:05:00 - [1] I quit insuring my ships long ago. If I loose a ship, I will lose more on modules and/or cargo anyways. Plus I don't loose ship that often. Are you still insuring yours? plz discuss.
lofty29 Athanasius Inc.	Posted - 2007.02.06 17:07:00 - [2] Sometimes. T1 bs I insure cos it's quite alot saved. BC's sometimes. I insure my CS's, and if I think I'm likely to die in a fight ill insure beforehand ---
Derovius Vaden	Posted - 2007.02.06 17:07:00 - [3] Originally by: Shameless Avenger I quit insuring my ships long ago. If I loose a ship, I will lose more on modules and/or cargo anyways. Plus I don't loose ship that often. Are you still insuring yours? plz discuss. Lets see, you pay 10% of its true value and get ~90% of it back when you screw up... HOW ABOUT YES.
DarkMatter Amarr Mineral Aquisition Group	Posted - 2007.02.06 17:07:00 - [4] I never insured any of my T2 ships... I do still insure BS's though, whether on my 0.0 char or my empire mission runner... I don't insure any other ships though... Building the homestead
Shameless Avenger	Posted - 2007.02.06 17:10:00 - [5] Originally by: Derovius Vaden Lets see, you pay 10% of its true value and get ~90% of it back when you screw up... HOW ABOUT YES. Are you sure about that 10%?
Kazuma Saruwatari	Posted - 2007.02.06 17:11:00 - [6] Insurance on T1 ships: Yes Insurance on T2 ships: No Insurance on faction ships: No Insurance on other ships: No Insurance is a kind thing to pilots whos income cannot handle a lot of big losses at once.
Danton Marcellus Nebula Rasa Holdings	Posted - 2007.02.06 17:12:00 - [7] Insurance to me is an incentive to use and lose the ships so when at war yes. Ourselves Alone
Derovius Vaden	Posted - 2007.02.06 17:14:00 - [8] Originally by: Shameless Avenger Originally by: Derovius Vaden Lets see, you pay 10% of its true value and get ~90% of it back when you screw up... HOW ABOUT YES. Are you sure about that 10%? My Vexor cost me ~5 million to buy, costs me ~600,000 for 70% insurance. All things considered, they could charge me 89% and give me 90% back and I'd still be happy.
Shameless Avenger	Posted - 2007.02.06 17:19:00 - [9] Originally by: Derovius Vaden My Vexor cost me ~5 million to buy, costs me ~600,000 for 70% insurance. All things considered, they could charge me 89% and give me 90% back and I'd still be happy. I think that vexor was over-priced. I haven't use insurance in a long time but I believe they won't pay you exactly what you paid for the ship. I think when they say 90% is a 90% of an estimated sale price or something like that. If someone know for sure, please post the details on how insurance payouts work. I really don't remember for sure.
Smagd Encina Technologies Namtz'aar k'in	Posted - 2007.02.06 17:21:00 - [10] Originally by: Derovius Vaden Originally by: Shameless Avenger I quit insuring my ships long ago. If I loose a ship, I will lose more on modules and/or cargo anyways. Plus I don't lose ship that often. Are you still insuring yours? plz discuss. Lets see, you pay 10% of its true value and get ~90% of it back when you screw up... HOW ABOUT YES. The thing is, I've got quite a fleet by now. Sometimes I like an easy mission in a Raven, but most of the time I prefer my Phoon. Then I've got this agent a couple jumps through low sec where I've got my old and still original first Cyclone, or I use the new Myrmidon, and somewhere I've got a backup faction battleship and NONE of these tend to die. No great point in paying hmm, that's a sum of about 80M every 3 months that I'm saving. I'll admit I'm a bit of a collector. But before flying a ship into a situation where I'm moderately likely to lose it, say PvP or 0.0, I do actually still insure them. And then it dies to lag, I get insurance payout, buy a new one and if the petition goes through I end up with a negative wallet... Family Tahar, of Clan Hadar, of Caravan of Namtz'Aar K'in

Brutor Shaun Minmatar Freelancers UK Alliance	Posted - 2007.02.06 17:21:00 - [11] Not insured a ship in over a year. The uninsured payout isn't too bad, and TBH most of my mods cost more than the ship they're fitted to.
Neon Genesis Gallente Developmental Neogenics Amalgamated	Posted - 2007.02.06 17:23:00 - [12] It's always worth insuring BS, but I rarely insure cruisers, and never t2 ships.
death2nite Caldari UMEC Myriad Alliance	Posted - 2007.02.06 17:24:00 - [13] 20 mil to buy a hawk, insure, get blown up, and get 4 mil in return . think ill pass on that insurance scam
Galk Gallente Autumn Tactics All the things she said	Posted - 2007.02.06 19:18:00 - [14] About 2004 in think. It wasn't so much the mods for me (rich who cares), but it's sure the reason why you don't see the tirade of 'nerf' insurance threads anymore ______
Anatolius Amarr PIE Inc.	Posted - 2007.02.06 19:28:00 - [15] Only thing I bother insuring are battleships. T2 ships aren't worth it (thank god), and frankly, I usually have a few dozen cruisers worth of reprocessable crap sitting in my hangars.
Kim Chee Caldari	Posted - 2007.02.06 19:37:00 - [16] Originally by: Shameless Avenger Originally by: Derovius Vaden My Vexor cost me ~5 million to buy, costs me ~600,000 for 70% insurance. All things considered, they could charge me 89% and give me 90% back and I'd still be happy. I think that vexor was over-priced. I haven't use insurance in a long time but I believe they won't pay you exactly what you paid for the ship. I think when they say 90% is a 90% of an estimated sale price or something like that. If someone know for sure, please post the details on how insurance payouts work. I really don't remember for sure. They pay 90% of the base material costs that a perfect production run would require to replace the ship. So, while the amount varies a bit with the price of ore, it's usually lower than whatever you paid, and usually lower than you'd spend to replace it now.
Mantees Gallente Freelancing Corp Confederation of Independent Corporations	Posted - 2007.02.06 20:08:00 - [17] I calculate the risk. I insure when I think I have some probability of loosing it. If I plan to do level3 missions with a battleship I do not insure it, or maybe I pay only for a basic insurance since there is always a low chance to loose it if you loose your connection at the wrong time (it happened to me :P) I absolutely insure the ships I use for PvP, or the ones I use for lvl4 missions -- OGRank.com - EVE Online - MMORPG News
Roshan longshot Gallente Ordos Humanitas	Posted - 2007.02.06 20:15:00 - [18] It hurts bad enough to die. But to lose a ship with no insurance is just plain stupid. Free-form Professions, ensure no limetations on professions. Be a trader, fighter, industialist, researcher, hunter *pirate* or mixture of them all. [i]As read from the original box.
Fenderson The Priory Shroud Of Darkness	Posted - 2007.02.06 20:23:00 - [19] from a purely money standpoint, insurance is always worth it if you think your going to lose the ship within 3 months. you ALWAYS get more money than you put in, as long as the ship dies within the 3 month timespan. from a perspective of someone who doesnt care about a couple million isk here and there, its not worth it to insure anything other than BS, BC, and CS. got new corp, need new sig. mail me ingame.
Halet Cu	Posted - 2007.02.06 20:53:00 - [20] T1 yes T2 no

Benco97 Gallente Multiverse Corporation	Posted - 2007.02.06 20:54:00 - [21] I've never actually insured ANY ship, ever. Don't think i'm ever going to start insuring them either. "MY GOD KEEP THIS AWAY FROM BENCO97!!!!!" - Constantine Arcanum
Taerenius Caldari Aurora Empire Fuzzy Nut Attack Squirrels	Posted - 2007.02.06 21:12:00 - [22] You people who don't insure your ships are bad at math. Really really really bad at math. The only time you should EVER not insure a ship is when you know for a fact you will have the ship for more than 3 months without losing it. Look at it this way. Say you buy a t2 frig for 20mil. Yes if you insure it and lose it you may only get 3.5mil back but guess what, insurance only cost 750,000! For 3 seconds of your time you just made 2.8mil isk. Its just stupid not to do that, its free money. The only time you end up NOT making money is if you have the ship for more than 3 months and the insure expires. So seriously, if you don't insure you're ship you're either extremely wealthy, extremely bad at math, or the laziest f'er on the planet.
Phoenix Lord The Arrow Project The ARR0W Project	Posted - 2007.02.06 21:23:00 - [23] The only ship i actually insure are my battleships. I believe the insurance price for 100% is 33% (1/3) of the mineral cost. Arrow Capital Ship Sales
Ather Ialeas Amarr Karjala Inc. Imperial Republic Of the North	Posted - 2007.02.06 21:27:00 - [24] I still do. Infact I made some money a few days ago by getting blown up thanks to Abaddon's baseprice and a lucky buy order --- Mandatory disclaimer: These are my thoughts, not my corps/alliances. ---
Thor Xian Vertigo One E.A.R.T.H. Federation	Posted - 2007.02.06 21:38:00 - [25] I think insurance is a waste of game mechanics personally. You have to consider that you are only really doing loss mitigation Plat Payout - (Base payout + Plat cost) = Value Loss Mitigation Say you have a BS that costs 100 mil ISK Say Base payout is 40 mil and Plat Payout is 100 mil. Then apply the Cost of the Plat Insurance example 25 mil: 100,000,000.00 - 65,000,000.00 = 35,000,000.00 So your uninsured loss with no modules is 60 mil, your plat insured loss is 25 mil, a difference of 35 million ISK. _________________________ ~Thor Xian, Material Defender "For all your Material Needs, Vertigo One." Got Alliance? Contact me ingame for alliance creation services.
CrestoftheStars Deviance Inc	Posted - 2007.02.06 21:40:00 - [26] Originally by: Derovius Vaden Originally by: Shameless Avenger I quit insuring my ships long ago. If I loose a ship, I will lose more on modules and/or cargo anyways. Plus I don't loose ship that often. Are you still insuring yours? plz discuss. Lets see, you pay 10% of its true value and get ~90% of it back when you screw up... HOW ABOUT YES. actually you pay 30% of the value and gets the 100% back instead of the 40% that you would have gotten without.. so you will make around 30% of the value of the ship, or if it servive more then 3 month, or you sell or repackage it, you will just have lost another 30% of the value.. so NO... only if i am likely to die very soon (so mostly not unless it is a suicice run thing ___________________________________________ come on.. stop thinking about YOU. and start thinking about All of us... how do we get a more fun and enjoyable game for all of us.
Hellspawn01 Amarr Imperial Shipment	Posted - 2007.02.06 21:56:00 - [27] Whats insurance? Ship lovers click here
Jarjar Silver Snake Enterprise Interstellar Starbase Syndicate	Posted - 2007.02.06 22:03:00 - [28] Edited by: Jarjar on 06/02/2007 22:00:41 Shouldn't command ships be worth insuring? Eos: approx 100M Brutix: approx 25M So, the insurance payout for an Eos should be at least 20M, no? If you fly it a lot, I'd say insuring it is a good bet. 3 months is a long time. Edit: Oh, and yeah, I do use insurance. Not on T2 frigs, though, and I can't fly any other T2 ships yet. Doubt I'll insure my recon ship when I can fly it soon(tm), either, but battleships I always insure.
Zhaine Coreli Corporation Corelum Syndicate	Posted - 2007.02.06 22:05:00 - [29] Originally by: Taerenius You people who don't insure your ships are bad at math. Really really really bad at math. The only time you should EVER not insure a ship is when you know for a fact you will have the ship for more than 3 months without losing it. Look at it this way. Say you buy a t2 frig for 20mil. Yes if you insure it and lose it you may only get 3.5mil back but guess what, insurance only cost 750,000! For 3 seconds of your time you just made 2.8mil isk. Its just stupid not to do that, its free money. The only time you end up NOT making money is if you have the ship for more than 3 months and the insure expires. So seriously, if you don't insure you're ship you're either extremely wealthy, extremely bad at math, or the laziest f'er on the planet. /signed I fine it bizarre (and scary) how bad people are at what I consider basic maths/logic. Expecially those who insure T1 but not T2 (unless I am mistaken in believing that the ratio of insurance policy to payout is the same for T1 and T2 ships). - - - - - - - - - - World's best insult: Originally by: Phrixus Zephyr You thundering retard. Coreli: Our boosters make you happy. . .
Thor Xian Vertigo One E.A.R.T.H. Federation	Posted - 2007.02.06 22:05:00 - [30] Inusrance is not compatible with the player driven economy...which is why it is only really viable on BSes, they arent t2 and arent capital, yet cost enough that people still worry about losing them. _________________________ ~Thor Xian, Material Defender "For all your Material Needs, Vertigo One." Got Alliance? Contact me ingame for alliance creation services.



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