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Is it just me, or is insurance ridiculous?

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Rogue 2	Posted - 2008.03.14 03:46:00 - [1] Just bought a Sacrilege for 86M. Insurance is 5M with a payout of 12M. Wow. Thanks tons! If my ship gets wrecked, I have less than a 10% downpayment. 7M for a 86M ship? Please. Am I missing something or is this just some sick joke on CCP's part?
Kahega Amielden	Posted - 2008.03.14 03:49:00 - [2] It's a tech 2 ship. Tech 2 ships are meant to have ****ty insurance. Don't like it? Fly T1.
Freya Runestone	Posted - 2008.03.14 03:51:00 - [3] I thought this post was about suicide-ganking at first. And. yea.. fly T1
Dyaven	Posted - 2008.03.14 03:54:00 - [4] From what I understand, NPC corps do not build or sell T2 ships and the price of them is completely player driven, while the insurance rates are set in stone by CCP which is why they're such a low payout. ---- In the beginning the Universe was created. This has made a lot of people very angry and been widely regarded as a bad move. - The Hitchhiker's Guide to the Galaxy, Douglas Addams
Nozomi nrvqsr	Posted - 2008.03.14 03:54:00 - [5] Don't fly T2. :3
cal nereus	Posted - 2008.03.14 04:00:00 - [6] Insurance hates tech-2 ships. If you want a good insurance payout, fly tech-1. 'Course you're more likely to die in a tech-1 ship anyways so there you go... --- Join BH-DL Skills
SoftRevolution	Posted - 2008.03.14 04:01:00 - [7] Originally by: Rogue 2 Just bought a Sacrilege for 86M. Insurance is 5M with a payout of 12M. Wow. Thanks tons! If my ship gets wrecked, I have less than a 10% downpayment. 7M for a 86M ship? Please. Am I missing something or is this just some sick joke on CCP's part? Insurance is calculated from mineral costs I believe. Since T2 ships cost way more than their minerals... EVE RELATED CONTENT
Brun Thorvald	Posted - 2008.03.14 05:08:00 - [8] Originally by: Rogue 2 Just bought a Sacrilege for 86M. Insurance is 5M with a payout of 12M. Wow. Thanks tons! If my ship gets wrecked, I have less than a 10% downpayment. 7M for a 86M ship? Please. Am I missing something or is this just some sick joke on CCP's part? Yes, it is utterly ridiculous. Some dumb "AI" is giving you a roughly 140% payout on your premium when we all know the chance of you having the ship blown up in the next month is closer to 50:50 Nerf insurance. If you make more than two claims in a month, or you spend a week in 0.0, your policy should be canceled. But wait - that would make EvE a tough, harsh game with concequences, and then the gankbears would whine.
Lord Fitz	Posted - 2008.03.14 05:35:00 - [9] Originally by: Rogue 2 Just bought a Sacrilege for 86M. Insurance is 5M with a payout of 12M. Wow. Thanks tons! If my ship gets wrecked, I have less than a 10% downpayment. 7M for a 86M ship? Please. Am I missing something or is this just some sick joke on CCP's part? You pay 5m, you get your ship destroyed and you get paid 12m, so you are up 7m from blowing it up ! But yes, generally no one bothers insuring T2 ships. Insurance is based upon the value of the mienrals, not the market value, if they gave you market value no one would sell ships, they would simply build them insure then and destroy them. Tech 2 ships have a huge markup on build cost, mostly because they require invention or one of just a handful of BPO owners to get them built, and also partially because the advanced materials are slightly undervalued in the insurance equation. Tech 1 ship insurance on the other hand is overly generous, in all of the cases it pays back MORE than the ship is worth, of course this is balanced by the premium but you still do not lose very much. The reality is because almost everyone that insures a ship loses it, it's a huge isk faucet everytime someone insures a ship. If you want insurance stick with tech1 ships.
Reem Fairchild	Posted - 2008.03.14 05:54:00 - [10] Originally by: Dyaven From what I understand, NPC corps do not build or sell T2 ships and the price of them is completely player driven, while the insurance rates are set in stone by CCP which is why they're such a low payout. NPCs don't make any tech 1 ships either except shuttles (and maybe some tech 1 frigates as well, I'm not completely sure on that). In both cases the prices are set by player interaction on the market, buying and selling.
Na'Kunni	Posted - 2008.03.14 05:55:00 - [11] Originally by: Dyaven From what I understand, NPC corps do not build or sell T2 ships and the price of them is completely player driven, while the insurance rates are set in stone by CCP which is why they're such a low payout. This one speaks the truth... seems the most logic reason
Bellum Eternus	Posted - 2008.03.14 05:56:00 - [12] Originally by: Rogue 2 Just bought a Sacrilege for 86M. Insurance is 5M with a payout of 12M. Wow. Thanks tons! If my ship gets wrecked, I have less than a 10% downpayment. 7M for a 86M ship? Please. Am I missing something or is this just some sick joke on CCP's part? Yeah, that's crazy. 12m is waaay too much of a payout. Bellum Eternus [Vid] L E G E N D A R Y [Vid] L E G E N D A R Y I I
Riho	Posted - 2008.03.14 06:21:00 - [13] Edited by: Riho on 14/03/2008 06:22:35 Originally by: Rogue 2 Just bought a Sacrilege for 86M. Insurance is 5M with a payout of 12M. Wow. Thanks tons! If my ship gets wrecked, I have less than a 10% downpayment. 7M for a 86M ship? Please. Am I missing something or is this just some sick joke on CCP's part? the inurance is based on material cost... and is correct... its just the players selling it at 86mil... CCP will NEVER increase insurance to match market prices EDIT: if it was me.. id remove insurance completely from this game :) then again... i only pvp in t2 ships...so i have forgotten about insurance anyway. ---------------------------------- This is Me, fighting stupidity one post at a time. PS: There are no computer BUGs, there is stuff called "Random Features"
Jennai	Posted - 2008.03.14 06:40:00 - [14] Originally by: cal nereus Insurance hates tech-2 ships. If you want a good insurance payout, fly tech-1. 'Course you're more likely to die in a tech-1 ship anyways so there you go... commandships have decent payouts, you get 50-60m on a hull that costs 70-80. everything else is pretty crap. Please visit your user settings to re-enable images.

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