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Adziy
Gallente
Posted - 2009.05.20 16:35:00 - [1]
 

Is it possible to commit insurance fraud on this game over and over again? You know, where you take out a huge insurace policy and destroy you ship, to cash in. I know you can do it, but can you do it more than once? Or will CONCORD get suspicious if it keeps happening?
Just wondering... Im not going to do that if it works, oh no... Cool
Adziy

Armoured C
Gallente
Noir.
Noir. Mercenary Group
Posted - 2009.05.20 16:39:00 - [2]
 

just remember when you are pucchasing insurance you have to include the cost that you piad for your insurance as well as the ship cost

Zedrik Cayne
Gallente
Standards and Practices
Posted - 2009.05.20 16:43:00 - [3]
 

Originally by: Adziy
Is it possible to commit insurance fraud on this game over and over again? You know, where you take out a huge insurace policy and destroy you ship, to cash in. I know you can do it, but can you do it more than once? Or will CONCORD get suspicious if it keeps happening?
Just wondering... Im not going to do that if it works, oh no... Cool
Adziy


Works just fine...but unless you're somehow getting the ships for real cheap, actually making isk from this is probably dicey. Insurance payout - ( Cost of ship + cost of insurance ) is typically not a positive number.

Now, taking a crap-ton of ships from the corporate hangar...insuring and then self destructing them, works. But you might actually make more isk just by selling the ships on the market.

Sun Clausewitz
Posted - 2009.05.20 16:55:00 - [4]
 

Originally by: Adziy
Is it possible to commit insurance fraud on this game over and over again? You know, where you take out a huge insurace policy and destroy you ship, to cash in. I know you can do it, but can you do it more than once? Or will CONCORD get suspicious if it keeps happening?
Just wondering... Im not going to do that if it works, oh no... Cool
Adziy



Sure it works, I will sell you all the shuttles your hearts desires

Adziy
Gallente
Posted - 2009.05.20 17:12:00 - [5]
 

So I can do it, without breaking EVE law or something? I wont get wanted or have a bounty?

Kuno Hida
Posted - 2009.05.20 17:14:00 - [6]
 

In short (since it seemed these were TL;DR for you)
Yes, You can do it.
No, you probably won't make money .

Tippia
Caldari
Sunshine and Lollipops
Posted - 2009.05.20 17:18:00 - [7]
 

Does anyone have that "Insurance — A game mechanic, not a business" Desu sig handy?

DrefsabZN
Caldari
Caldari Provisions
Posted - 2009.05.20 17:26:00 - [8]
 


Corduroy Rab
Chaos Reborn
Posted - 2009.05.20 17:27:00 - [9]
 

If you can steel the ship, thus getting it free you will make isk. But if you are going to do that you should just sell the ship and not have to pay the insurance cost.

Adziy
Gallente
Posted - 2009.05.20 18:02:00 - [10]
 

Edited by: Adziy on 20/05/2009 18:03:53
What about with a shuttle? Wont that be very good? It's really cheep

Edit:
Nope, the insurance depends on the cost of the ship, i didnt know that, so screw this whole idea. Although the Ship Capture Idea would work i suppose

shady trader
Posted - 2009.05.20 18:31:00 - [11]
 

At times its been common to self destruct a ship for the insurance pay out. Normally done when the insurance pay out is equal to or greater then the cost of the ship. People wait till the insurance is about to expire, strip the ship and self destructed.

It works out as you will need to renew the insurance for the same price and insuring a new ship. So any extra money paid out after buying a new ship is profit.

The insurance company does not keep track of your losses. If they operate on real world principles they would not insure war ships and would have long since gone bust.

Siigari Kitawa
Gallente
Perditus Peregrinus
Posted - 2009.05.20 19:39:00 - [12]
 

A corpmate and I have managed a way to self-destruct Dominixes for profit.

We've only done 10, but we're making 3-4 mil per Dominix rofl xD

Ghoest
Posted - 2009.05.20 20:15:00 - [13]
 

If you can make money its cool. I have frequently self destructed a shipfor the payout when it would be too much work to fly it home.

Its ussually not profitable.


 

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