Banks can Insure a specific ship if it ever gets plundered.

Example:
Sir Henry Morgan insures CJ's lvl 10 MoW.

lvl 10 MoW = 28mil gc.

Insurance = 250,000 gc per day to SHM.

If Ship is Plundered, all expenses are paid in gold by SHM, and the ship can be picked up by CJ during the next 3 weeks. If CJ does not pickup his MoW, all the gc goes back to SHM.

Penalties can exist, such as: Lose the ship, 10% increase in insurance costs + player cannot cancel the insurance until he/she pays back the entire ship worth through the insurance.

Not a bad idea... But it can easily be abused. Insure your mow. tell a friend to plunder it, then give it back. = profit

There is the fix. You can't cancel the insurance until the original pay of your MoW has been completed.

Ramen noodles wrote:There is the fix. You can't cancel the insurance until the original pay of your MoW has been completed.

That pretty much kills the whole idea of the insurance.
If you gonna pay 28 mil in insurance for a 28 mil ship.. well might as well just buy a new one instead?

Well, the idea being. If you have paid 20mil in insurance before it was stolen, then you must pay the rest 8mil before cancelling.

If you can't afford a new MoW immediately after losing it, the Bank will hand it immediately.

Ramen noodles wrote:Well, the idea being. If you have paid 20mil in insurance before it was stolen, then you must pay the rest 8mil before cancelling.

If you can't afford a new MoW immediately after losing it, the Bank will hand it immediately.

So it's basically a loan

Kinda a mix.

Ramen noodles wrote:If Ship is Plundered, all expenses are paid in gold by SHM, and the ship can be picked up by CJ during the next 3 weeks.

Since you are talking about losing a ship, I have a problem with this. In your example, SHM covers a lvl 10 MoW, and then "the ship can be picked up."
You're making it sound like instead of a ship, the plunderer just gets the insurance on it..

I don't like the idea that much because if I had a lvl 10 60 attribute MoW and I insured it, I could do whatever I wanted and be guaranteed to get it back. The insurers would only give this benefit to people they know won't have any problems which defeats the purpose. Something like "I'm paying 100,000 a day on my MoW which is worth 28,000,000, but if it gets plundered and I'm insured I can get gold equal to ___ % of what I lost with the ship." I could give that a plus 1, but currently it's abuse-able.

Would you care to clarify what happens to the plundering party if they take an insured ship? You said CJ could pick his ship back up since he paid insurance on it, but what about the person who took it? They just get nothing and lose turns, all because someone with a lot of gold had insurance on all of their capital ships?

In your example, this is how it went...
>Jack's 28,000,000 MoW is insured
>Skyhawk assumes ownership of it after plundering
>SHM covers the cost
>CJ can pick his MoW back up
>Skyhawk doesn't get the ship in this example...


It SHOULD be...
>Jack's 28,000,000 MoW is insured is able to be plundered
>Skyhawk assumes ownership of it after plundering
>End of story.