No, I don’t believe so.
No, if you lose your ship committing a criminal act, you don’t get the insurance payout. Just like in real life, if you destroy your car street racing, your insurance company is going to tell you to get ■■■■■■…
It would have explained why it was so inflationary
but its not inflation, considering it barely pays for the hull, and not the equipment at all.
Its inflation if it adds trillions of ISK to the money supply each month
But it doesn’t. You don’t get back anywhere near what you lost.
If you’re looking for valid sources of inflation, those would be:
Mining bot fleets
Ishtar bot fleets
Homefront bot fleets
Faction Warfare bot fleets
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insurance messes with inflation, from my understanding, only if its costing more to buy insurance… not if it pays out.
so like if platinum insurance went up, then yes thats due to inflation, but payouts of insurance itself doesn’t contribute to inflation, and in the terms of EVE, your spending MORE than what the insurance paid, so it evens out.
like right now, my drake, for platinum is 18 mil.. it will pay out 60 mil if i lose it.
to get another ship, i’ll have to pay over 120 mil
If insurance pays out more than what people paid in it causes inflation. Last month it paid out 3T more than what people paid in.
You are flying a 2 billion ISK Marauder hull. You have an additional 1 billion ISK of fittings. Let’s say the insurance cost is 100 million ISK. You lose that ship, you get paid 100 million ISK for insurance, and lose 2.9 billion ISK. How, exactly, is that piddly little 100 million adding to the money supply?
Insurance never pays out more than the value of the hull. Ever. If that was the case, then players would be committing insurance fraud and blowing up their own T1 ships left and right…
If insurance pays out more than it costs it causes inflation. Last month it paid out 3T more than what people paid in.
I understand what you are trying to say. It doesn’t matter if the insurance pays out more than you paid in if your loss is more than what the insurance paid out. It’s still a net negative.
Its not a net negative unless you paid more for insurance than you got in return. Last month players paid about 1.5T for insurance and 4.2T was paid out.
but players probably paid out over 7 or 8T to get their ships back
That would be true if insurance covered the cost of faction and T2 hulls, fittings, and cargo, which it does not. So, according to the MER, insurance paid out 3T more than what players paid in, but those same players probably lost 30T in ships. Like I said, it’s always a net negative.
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If insurance does not cause inflation why does CCP display it as such in the MER?
No idea. But I do know that it is literally impossible for insurance to cause inflation. If you want to know why they list it as such, ask them on Reddit, because you’ll never get an answer from them here…
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probably because they like showing where money comes and goes, and how much enters but looking at the market you see where the money goes after it comes in..as mentioned by me and quake, it costs A LOT more to replace a ship than what the insurance pays.. especially if its not a T1 ship..
or in the case of the SoCT ships, its not worth to insure.
Or maybe its because insurance causes inflation