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whats going on with insurance?

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Morganta
The Greater Goon
#1 - 2012-03-15 02:56:49 UTC
so lately I noticed the price of hurris went from about 23mil to upwards of 38mil

grudgingly I went to insure one and low and behold the payout was 29mil instead of the previous 24mil

this is a good thing

then I went to buy a hound which is fairly stable at about 23-25mil
insurance payout?
9mil

is this correct?
are payout rates scaling with market price? and if so then why a less than 50% payout on a cov-ops frig?

I simply don't understand how you guys get the numbers

can someone splain this to me?
Tyberius Franklin
Federal Navy Academy
Gallente Federation
#2 - 2012-03-15 03:02:47 UTC
Morganta wrote:
so lately I noticed the price of hurris went from about 23mil to upwards of 38mil

grudgingly I went to insure one and low and behold the payout was 29mil instead of the previous 24mil

this is a good thing

then I went to buy a hound which is fairly stable at about 23-25mil
insurance payout?
9mil

is this correct?
are payout rates scaling with market price? and if so then why a less than 50% payout on a cov-ops frig?

I simply don't understand how you guys get the numbers

can someone splain this to me?

I thought tech 2 insurance was always painfully bad compared to tech 1.
Momoyo
Rivinshield Trading Inc.
#3 - 2012-03-15 03:03:16 UTC
t2 ships cant be insured same way t1. Ships are insured based on the value of the minerals they are comprised of (and not market value its a value set and monitored by CCP). T2 ships are build from special parts and a small amount of high value minerals. The special parts are not accounted for in determining the payout so generally platinum insurance only covers maybe 20-30% of the actual cost of a T2 ship
Skydell
Bad Girl Posse
#4 - 2012-03-15 03:04:02 UTC
I'm not sure on how the system sets prices on T2 and T3 but I think it might be hull related.

T2 ceptors like the Malediction are 10.7 mill and they insure to 9 just like your 23 mill Covert Ops.
Morganta
The Greater Goon
#5 - 2012-03-15 03:07:25 UTC
Momoyo wrote:
t2 ships cant be insured same way t1. Ships are insured based on the value of the minerals they are comprised of (and not market value its a value set and monitored by CCP). T2 ships are build from special parts and a small amount of high value minerals. The special parts are not accounted for in determining the payout so generally platinum insurance only covers maybe 20-30% of the actual cost of a T2 ship


hrm...

makes sense
lousy sense, but sense none the less

ty
ShahFluffers
Ice Fire Warriors
#6 - 2012-03-15 03:28:02 UTC  |  Edited by: ShahFluffers
Morganta wrote:
lousy sense, but sense none the less


Not really. If you could lose a T2 or T3 ship and get back most of the value through insurance... why would you fly T1 ships ever again? Same reasoning applies for faction ships too.

You pay for that extra 15, 25% performance.

How did you Veterans start?
Roh Voleto
Doomheim
#7 - 2012-03-15 03:28:19 UTC
lol insurance.

The way I understand it, the payouts were set the last time someone at CCP bothered to have a look at mineral prices. T2 prices were set with a punitive "lol customers" mindset. All of this happened before the introduction of t3 ships.
Nova Fox
Novafox Shipyards
#8 - 2012-03-15 03:39:38 UTC
Insurance auto adjusts to market prices now in 3 months brackets. thus higher the base prices the higher the insurance pay and preniums are.

Dust 514's CPM 1 Iron Wolf Saber Eve mail me about Dust 514 issues.
Har Harrison
Garoun Investment Bank
Gallente Federation
#9 - 2012-03-15 03:47:13 UTC
Roh Voleto wrote:
lol insurance.

The way I understand it, the payouts were set the last time someone at CCP bothered to have a look at mineral prices. T2 prices were set with a punitive "lol customers" mindset. All of this happened before the introduction of t3 ships.

It got changed awhile back. Pretty sure it periodically updates based on the previous 2 week average of the mineral composition or something like that.
Roh Voleto
Doomheim
#10 - 2012-03-15 04:16:48 UTC
Har Harrison wrote:

It got changed awhile back. Pretty sure it periodically updates based on the previous 2 week average of the mineral composition or something like that.


I don't know. All I know is that I have a good laugh every time I look at the insurance payouts.


Har Harrison wrote:

Vote Hans Jagerblitzen for CSM 7


I do know that Hans is the empire and small scale PvP candidate, however.
Har Harrison
Garoun Investment Bank
Gallente Federation
#11 - 2012-03-16 03:04:11 UTC  |  Edited by: Har Harrison
Roh Voleto wrote:

Har Harrison wrote:

Vote Hans Jagerblitzen for CSM 7


I do know that Hans is the empire and small scale PvP candidate, however.


QFT
Morganta
The Greater Goon
#12 - 2012-03-16 03:19:08 UTC
Har Harrison wrote:
Roh Voleto wrote:

Har Harrison wrote:

Vote Hans Jagerblitzen for CSM 7


I do know that Hans is the empire and small scale PvP candidate, however.


QFT


**** the placebo squad
Tobiaz
Spacerats
#13 - 2012-03-16 03:25:32 UTC
Morganta wrote:
so lately I noticed the price of hurris went from about 23mil to upwards of 38mil

grudgingly I went to insure one and low and behold the payout was 29mil instead of the previous 24mil

this is a good thing

then I went to buy a hound which is fairly stable at about 23-25mil
insurance payout?
9mil

is this correct?
are payout rates scaling with market price? and if so then why a less than 50% payout on a cov-ops frig?

I simply don't understand how you guys get the numbers

can someone splain this to me?


I didn't know the insurance prices actually updated Shocked

But yea, the insurance-gap for T2 is on of the reasons why BC became so popular in the first place (and to some extent still are).

Operation WRITE DOWN ALL THE THINGS!!!  Check out the list at http://bit.ly/wdatt Collecting and compiling all fixes and ideas for EVE. Looking for more editors!
Ettu Brute II
Republic Military School
Minmatar Republic
#14 - 2012-03-16 05:57:49 UTC
I haven't seen anything about it in any patch notes, but I've noticed that at some point during the past few days insurance payouts have been given a hike of about 35%.

Only T1 frigates in my case, but every little helps.
Ottersmacker
Genos Occidere
TRUTH. HONOUR. LIGHT.
#15 - 2012-03-16 07:17:21 UTC
There was a point when T2 insurance was not worth it at all pretty much, not worth the trouble of clicking etc.
it has changed to some extent now and some of the payouts are reasonable, iirc the idea was to make flying T2 ships that get blown up a lot a bit softer on the wallets of those flying them.

For example I had a period where I was fond of the Astarte (that cost 130M/ea before the crucible speculation) - when destroyed, it paid out like 70-75M in platinum insurance which was not bad at all considering I knew none would survive the 90 days, and fact that not long ago, T2 ships insured to basically nothing. It has been a huge improvement.

i just locked an open door.. strange, yet symbolically compelling.
sYnc Vir
Wolfsbrigade
Ghost Legion.
#16 - 2012-03-16 07:21:29 UTC
If you want the best return from your soon to be dead ship, dont pay for insurance, just kill something worth more than your ship and job done. Insurance has been the better part of a bad joke for a long time and most pvpers I know dont use it.

Only ship thats really worth insuring is a cap you are 70% sure will die in the next 12 weeks. Otherwise don't worry about it.

Don't ask about Italics, just tilt your head.
Valei Khurelem
#17 - 2012-03-16 07:29:36 UTC
Insurance really is a joke, lets face it, I've gone back to the old fashioned way now of simply making sure I have enough in my wallet to afford my mining barge again.

"don't get us wrong, we don't want to screw new players, on the contrary. The core problem here is that tech 1 frigates and cruisers should be appealing enough to be viable platforms in both PvE and PvP."   - CCP Ytterbium
Simi Kusoni
HelloKittyFanclub
#18 - 2012-03-16 07:54:26 UTC
T1 ship insurance/mineral prices are going up due to the (possibly) impending drone regions changes, and the resulting speculation.

[center]"I don't troll, I just give overly blunt responses that annoy people who are wrong but don't want to admit it. It's not my fault that people have sensitive feelings"  -MXZF[/center]
Rico Minali
Federal Navy Academy
Gallente Federation
#19 - 2012-03-16 08:01:33 UTC
T2 ship insurance has always been this way. I guess its the price you pay for the advanyages of flying better ships.

Trust me, I almost know what I'm doing.
GM Homonoia
Game Master Retirement Home
#20 - 2012-03-16 08:15:34 UTC
Insurance works in the following way:

Payout is calculated by adding the average market value of all building materials (this includes T2 materials, T3 materials, etc), then this total amount is affected by a multiplier. The multiplier for a lot of T1 ships is set in such a way that the payout will always be around 70% of the total value of the ship. However, the multiplier for most T2, T3 and capital ships is much lower and they are scaled to how likely you are to lose the ship and how rare the ship should be. A cov ops has a very low multiplier (as it can cloak), an assault ship returns a higher % of the value of the ship. Titans on the other hand return only a tiny fraction of their value.

The market prices of the base materials are automatically calculated on a regular basis.

Senior GM Homonoia | Info Group | Senior Game Master
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