Ships & Modules

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 ?

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).



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)

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

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."

I know what it says on the Wiki.

The Wiki is not correct (about a lot of things).

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.

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).

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.

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