| Author |
Topic |
Relic |
Posted - 2003.08.12 06:18:00 - [ 1]
This is not a flame, but more a note on the problems with the current insurance system that the game has to offer. I would hope that most/everyone would agree that Insurance is there to allow a player to recover most/all of their losses when they lose a ship. As it stands instead players are doing the following with insurance
1) purchasing low price ships, insuring them and then destorying them. In my region this is often done with probes, as they cost about 54K to build but the insurance will pay out about 72K after costs. If the ship builder does this, they can expect a 33% profit margin without even going to market.
2) Purchase insurance on a ship, use the ship for the week and then destory the ship. This is a way to greatly lower the weekly insurance fee. As an example in my region a Rupture costs about 5.2M and its best insurance costs about 2M and will pay out 6.87M. This means you lose isk if you try option 1 (above) but if you destroy the ship after a week you will receive 6.87M back on your original 7.2M outlay. As long as you can still purchase a Rupture at 5.2M, this means that the week's insurance has only cost .33M, instead of 2M.
So why am I pointing these scams/features out, well for many players wars with the Jove's or other races are going to be costly in terms of ships and equipment and currently the insurance system is not going to provide that much of a safety net apart for those people who have the ship BPs and so do not pay the market price for the ship.
As to what should be done, the floor is open (as I don't have any valid ideas on the subject)
Relic |
Gan Howorth
Caldari
Enigma Inc. |
Posted - 2003.08.12 06:25:00 - [ 2]
Well as l understand it, there are quite a few strong-in-the-head manufacturers who sell for less than insurance value. So anyone can take advantage. This doesn't need to be fixed, if a manufacturer doesn't have the sense to charge proper prices then  just take em and smash em up. |
Relic |
Posted - 2003.08.12 06:29:00 - [ 3]
Don't get me wrong I have no problems with people selling below the insurance value, its great fun to 'recycle' such ships :)
My focus is more on - can anyone think of a better way for insurance to work, at some stage in the future, and with CCP's current work to do list, I'm guessing many months in the future.
Relic |
Muaddid
Gallente
Muaddid Corp
|
Posted - 2003.08.12 06:29:00 - [ 4]
what should be done is that if after a week you dont use your insurance, it cost less the next week, so it worth it not to lose your ship ;) |
Rimmon Alaster
Gallente |
Posted - 2003.08.12 06:34:00 - [ 5]
More ships destroyed means more ore in the 'roids! Yay, I rhymed. ...I feel dirty...  |
Nemesis I
Amarr |
Posted - 2003.08.12 08:13:00 - [ 6]
I would like to see inurance changed where different race and ship combinations are penalised, and if a claim is made where you were the attacker the policy is not paid.
|
drunkenmaster
Evolution
IT Alliance |
Posted - 2003.08.12 08:54:00 - [ 7]
this 'insurance scam' is hardly worth enough to warrant it a scam.
Considering how much work is involved in doing it, and the poor return on investment, I'd rather mine scordo.
example - lvl 3 Cruiser cost 4.5M to make, and takes 3 hours. Insurance 70% costs 500k, and pays back 5.2M. So you can make 2-300k every 3 hours! (the only way to earn less is to do what I do. i.e. Not much)
This is a side effect of people putting a lot of research into their BP's.
I can see it being a bit more profitable with Battleships, but to be honest, you could get more selling the minerals than building, insuring and destroying a BS.
I think of it as 'manufacturers bonus'.
Going with the Thorax example above, suppose you pay 5.5 million for it? no benefit.
It's really not so bad. If people want to waste million in minerals to make 3-400k sik, then let them. Anyone who tries to make serious money this way is either ******ed, or is getting a much better deal than those I've seen. |
annoing
Amarr
Dirt Nap Squad
Dirt Nap Squad. |
Posted - 2003.08.12 10:19:00 - [ 8]
Insurence for an Armageddon is 26mill to get 65 back. Cost of an Armageddon is 79 mill. No scam to be worked there. Seems to me that the insurence scam only works on the smaller ships. Or maybe im wrong  |
Muaddid
Gallente
Muaddid Corp
|
Posted - 2003.08.12 10:21:00 - [ 9]
 Quote:
Armageddon is 79 mill.
except if your building it  |
Relic |
Posted - 2003.08.12 10:25:00 - [ 10]
Edited by: Relic on 12/08/2003 10:26:23 Quote:
Insurence for an Armageddon is 26mill to get 65 back. Cost of an Armageddon is 79 mill. No scam to be worked there. Seems to me that the insurence scam only works on the smaller ships.
The larger ships use Meg and Zyd, which due to their higher market prices means that its hard to scam with them. The insurance rates seem to have been fixed when Meg was 4K. |
Relic |
Posted - 2003.08.12 10:29:00 - [ 11]
Its odd that no one had commented on my second point about how to scam the system to get low cost insurance! Out of the 2 this has to be a far more interesting feature of the way the game operates for most players.
Relic |
illuminati |
Posted - 2003.08.12 10:40:00 - [ 12]
Your points are good Relic but I cant be bothered with such low profit/time stuff like most people I think.
As drunkenmaster said too, you make more money doing most other things.
With the possible exception of blockaderunning m0o blockades in a naked Badger MK I full of robotics, that would possibly make you less money per hour, hehe. |
Relic |
Posted - 2003.08.12 13:09:00 - [ 13]
Quote:
Your points are good Relic but I cant be bothered with such low profit/time stuff like most people I think.
As drunkenmaster said too, you make more money doing most other things.
With the possible exception of blockaderunning m0o blockades in a naked Badger MK I full of robotics, that would possibly make you less money per hour, hehe.
Item 1 is a nice low level scam that allows even basic players to join in after just a few hours in the game, it also can earn them more than basic mining, if you find a station with a lot of cheap probes the return can be > 600K an hour :) As for item 2, again its a low level scam, but for players who take out insurance reducing a 2M bill down to a .3M bill is not a bad saving. The major thing is that this topic was aimed to talk about things to change the insurance system so that it worked better rather than to focus on its current issues. If we are to have race wars, were vast fleets of ships from the basic miner to the largest Battleship are involved, there needs to be a way for the empire to cover some/all of the cost of a player's losses, when fighting for the empire and the current insurance system does not seem to handle it well at the moment, unless you build the ship yorself. Relic |
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