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on "sharing" ships and insurance
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Sphit Ker
Ministry of War
Amarr Empire
#1 - 2011-10-31 01:53:31 UTC
I know if I insure my ship, give it to someone else and it dies with him at the whelm, the insurance is void.

My question is, if he buys insurance for himself on "my" ship, what happens to my own insurance contract?

It knows what you think.
Morganta
The Greater Goon
#2 - 2011-10-31 02:12:35 UTC  |  Edited by: Morganta
Sphit Ker wrote:
I know if I insure my ship, give it to someone else and it dies with him at the whelm, the insurance is void.

My question is, if he buys insurance for himself on "my" ship, what happens to my own insurance contract?


um... the contract on the ship is null and void when you sell it, which is typically before the buyer insures it.

no divide by zero, no black hole

eve survives
The Apostle
Doomheim
#3 - 2011-10-31 02:43:25 UTC
Morganta wrote:
Sphit Ker wrote:
I know if I insure my ship, give it to someone else and it dies with him at the whelm, the insurance is void.

My question is, if he buys insurance for himself on "my" ship, what happens to my own insurance contract?


um... the contract on the ship is null and void when you sell it, which is typically before the buyer insures it.

no divide by zero, no black hole

eve survives

Did you actually answer the question?

I suspect that the insurance would be valid (never tried it) because the insurance would deem the vessel as being owned by the person who has possession - I'm assuming you traded or share via corp hangar.

But your insurance would be void if lost.

Also need to ask if you get the ship back then is your original insurance still valid?

[i]Take an aspirin. If pain persists consult your local priest. WTB: An Austrian kangaroo![/i]
Zrygthn Azurlm Zharous
Pink Sockers
#4 - 2011-10-31 03:11:37 UTC
When you attempt to insure a ship that is already insured by someone else a message comes up that it will void the pre-existing insurance contract.
Sphit Ker
Ministry of War
Amarr Empire
#5 - 2011-10-31 03:12:38 UTC  |  Edited by: Sphit Ker
The Apostle wrote:
Morganta wrote:
Sphit Ker wrote:
I know if I insure my ship, give it to someone else and it dies with him at the whelm, the insurance is void.

My question is, if he buys insurance for himself on "my" ship, what happens to my own insurance contract?


um... the contract on the ship is null and void when you sell it, which is typically before the buyer insures it.

no divide by zero, no black hole

eve survives

Did you actually answer the question?

I suspect that the insurance would be valid (never tried it) because the insurance would deem the vessel as being owned by the person who has possession - I'm assuming you traded or share via corp hangar.

But your insurance would be void if lost.

Also need to ask if you get the ship back then is your original insurance still valid?


That's what I meant. Direct trade, not selling on market.

I guess my question is, Can there be more than one insurance contract issued to a ship at once?. If the guy buys an insurance contract for himself on "my" ship, what happens to my insurance contract? Does it immediately gets canceled?

It knows what you think.
Sphit Ker
Ministry of War
Amarr Empire
#6 - 2011-10-31 03:13:16 UTC
Zrygthn Azurlm Zharous wrote:
When you attempt to insure a ship that is already insured by someone else a message comes up that it will void the pre-existing insurance contract.



OK Thanks you.

Mystery solved.

POOL'S CLOSED

It knows what you think.