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Tengu Insurance

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Franzio Knutz
Deranged Chaos
Pan-Intergalatic Business Community
#1 - 2012-04-15 03:52:20 UTC
This may be an old question but I haven't found any info on this..

Can anyone say why does the highest insurance for a Tengu have a 11m payout? Find this a bit low, I understand that you never get your ships worth but isn't this a bit low?

"..I would rather die a thousand times in this Dystopian heaven. Than live one minute in your utopia."
Corina Jarr
en Welle Shipping Inc.
#2 - 2012-04-15 03:53:34 UTC
Franzio Knutz wrote:
This may be an old question but I haven't found any info on this..

Can anyone say why does the highest insurance for a Tengu have a 11m payout? Find this a bit low, I understand that you never get your ships worth but isn't this a bit low?

Insurance is based on the mineral cost. So T2, faction, and especially T34s have crap for insurance.
Franzio Knutz
Deranged Chaos
Pan-Intergalatic Business Community
#3 - 2012-04-15 03:58:42 UTC
Ah, didn't think about that, explains a lot, thanks :)

"..I would rather die a thousand times in this Dystopian heaven. Than live one minute in your utopia."
Vito Antonio
Doomheim
#4 - 2012-04-15 08:49:56 UTC
It is not only based on mineral cost but also on how likely you are to lose said ship.
Rifters and drakes die every second, but t2 and t3 ships are not supposed to die so often.
ELECTR0FREAK
#5 - 2012-04-16 04:11:07 UTC  |  Edited by: ELECTR0FREAK
Simple answer is Risk vs. Reward.

EVE is a game where you have to take risks (whether they be financial, combat, reputation etc) for the greatest rewards.

Reduced insurance payouts are there to ensure that when you take a higher tech or faction ship into combat that you're taking a risk, otherwise there would be little reason to fly Tech 1 ships.

Also, it helps to ensure that a steady ISK sink from higher tech / faction ship losses is in place to reduce inflation.

Discoverer of CCP's original missile damage formula.
Tanya Powers
Doomheim
#6 - 2012-04-16 17:42:32 UTC
Franzio Knutz wrote:
This may be an old question but I haven't found any info on this..

Can anyone say why does the highest insurance for a Tengu have a 11m payout? Find this a bit low, I understand that you never get your ships worth but isn't this a bit low?



Because CCP doesn't wants you to fly it. They want you to use rifters thrashers rapiers canes and eventually some drakes.
Dark Pangolin
The Tuskers
The Tuskers Co.
#7 - 2012-04-16 17:48:23 UTC
Vito Antonio wrote:
It is not only based on mineral cost but also on how likely you are to lose said ship.
Rifters and drakes die every second, but t2 and t3 ships are not supposed to die so often.


It has nothing to do with the "how likely you are to lose your ship" or those of us that only pvp and are therefore 99% likely to lose ships would never be able to afford the premiums.

Its not real insurance, its game insurance, its based on a magic formula to figure out the "base cost" of a ship. Mostly minerals, though i believe it is pegged tot he market in terms of mineral value.
Tanya Powers
Doomheim
#8 - 2012-04-17 00:04:19 UTC
Dark Pangolin wrote:
... its based on a magic formula to figure out the "base cost" of a ship. Mostly minerals, though i believe it is pegged tot he market in terms of mineral value.


My T2 and T3 ships would like to have a talk with that insurance formula maker *hides baseball bat*
Why drunken people always do silly stuff? Lol
Ganthrithor
School of Applied Knowledge
Caldari State
#9 - 2012-04-17 00:38:20 UTC
ELECTR0FREAK wrote:

Also, it helps to ensure that a steady ISK sink from higher tech / faction ship losses is in place to reduce inflation.


People buying player-made ships isn't an isk-sink, just saying.
drdxie
#10 - 2012-04-17 00:41:09 UTC
Dark Pangolin wrote:
Vito Antonio wrote:
It is not only based on mineral cost but also on how likely you are to lose said ship.
Rifters and drakes die every second, but t2 and t3 ships are not supposed to die so often.


It has nothing to do with the "how likely you are to lose your ship" or those of us that only pvp and are therefore 99% likely to lose ships would never be able to afford the premiums.

Its not real insurance, its game insurance, its based on a magic formula to figure out the "base cost" of a ship. Mostly minerals, though i believe it is pegged tot he market in terms of mineral value.



^^^^^ This, and T3's are made up mostly of sleeper salvage so have low mineral costs.

Caldari Loving needed.. https://forums.eveonline.com/default.aspx?g=posts&m=1608277&#post1608277