Insurance Pricing

[Miranda]

Long story short, Interspace is considering selling shipping insurance on the forums again, but I'm not sure just how much people would pay for it, so I'm asking the forums. If you could please answer the questionnaire it would help us a lot setting up and making it viable for everyone.

Code:

[list]
[*]Size of Transport:
[*]Do you haul high risk cargo like ore?:
[*]How much would you be willing to pay Monthly for insurance?:
[st]

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[Narcotic]

I've really been waiting for that.

• Size of Transport: 5000
  
• Do you haul high risk cargo like ore?: Yes
  
• How much would you be willing to pay Monthly for insurance?: 60 - 90 millions
  

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[SA_Scavenger]

Do you have to pay an excess?

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[Miranda]

Do you have to pay an excess?

I dont understand what you are asking

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[Psymple]

I dont understand what you are asking

He might mean Excess... its like a charge if the person claiming was at fault... (so if he flies into a sun).

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However, it seems like an interesting idea...
Insurance only works though if lots of people sign up to it.

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[Talesin]

How about insuring bases?
(Though i assume that needs a lot of background tests about the situation and an insurance-owned vessel docked at the base to check its supply status)

Regards,
Talesin

[Aingar]

Hmmm, wasn't that something that SIB advertised a few months ago?

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[Implosion]

I'm pretty sure people will abuse your services,alot.
Unless you figure a way to prevent them from doing so.

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[SA_Scavenger]

Yea, the 'excess' is what you have to pay your insurer when you claim. You don't really pay it but it comes off the amount you were insured for...so if you claim for say a 50000 credit loss, you only get a 47500 pay out, thus your excess would be 2500 credits. The lower the premiums, the higher the excess and vice versa.

I hope that makes a bit more sense?

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[Govedo13]

This was tried 3-4 times before- didn't worked. It wont work now- why?
Game mechanics and metagaming.
Trolls would blow themselves via friends to have the insurance.
IC lovers would meta-game the names of the inssured ships and hunt them specificity.
On the same way that lets say base in Gallia makes equipment that is used by Sirians.

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Official faction players that are often accused of elitism, never deploy them and have those weird, immersion killing "fair fight/dueling" suicidal hobbies. (yes, i've seen enough of those lolduels, where house military with overwhelming force on the field willingly loses a pilot in a duel. ffs.)