Cat Rating

The following is the default rating structure (rating schedule) used for pricing covers for cats:

Dog Rating      
BASE PREMIUM   Monthly Annual
Pedigree Cat, 0-3 years, Bronze Cover 16.83 201.96
       
Cover Weighting      
Bronze 1.000    
Gold 1.382 Cat must be =< 10 years
Platinum 2.211 Cat must be =< 6 years
       
Cat Age Weighting      
0-3 1.000    
4-6 1.110    
7-9 1.410    
10-12 1.985    
13-19 2.723    
20+ - Excluded  
       
Cat Breed Type Weighting      
Pedigree 1.00    
Mixed 0.75    
       
PREMIUM CALCULATION    
Net Premium per Pet Insured (BASE PREMIUM * COVER FACTOR * AGE FACTOR * BREED TYPE) * EXCESS LOADING
Gross Premium Total Net Premium * ADMIN FEE * IPT
Minimum Premium £15.00 IF calculated Total Gross Premium is <£15.00 then Total Gross Premium = £15.00
NOTE  
For details about Administrative Fees and the Universal Rating that is also included in the premium price calculation, see the Pricing And Rating page.

Pricing Examples

Item Type Value Formula Input/ Argument Formula Output
Base Premium Monthly 16.830  
Cover Bronze 1.000  
Age Factor 4-6 1.110  
Below Maximum Age(20)? TRUE 1.000  
Breed Type Pedigree 1.000  
Options      
Excess Amount £200 1.000  
    Net Premium 18.68
    Total Net Premium 18.68
       
Admin Fee   1.200 3.74
IPT   1.120 2.69
    Calculated Retail Price 25.11
       
Below Minimum Price? 15.00 FALSE  
    Retail Price 25.11
       
Admin Fee   1.200 4.18
IPT   1.120 2.69
    Net Premium 18.23
Item Type Value Formula Input/ Argument Formula Output
Base Premium Monthly 16.830  
Cover Gold 1.382  
Age Factor 4-6 1.110  
Below Maximum Age(10)? TRUE 1.000  
Breed Type Pedigree 1.000  
Options      
Excess Amount £200 1.000  
    Net Premium 25.82
    Total Net Premium 25.82
       
Admin Fee   1.200 5.16
IPT   1.120 3.72
    Calculated Retail Price 34.70
       
Below Minimum Price? 15.00 FALSE  
    Retail Price 34.70
       
Admin Fee   1.200 5.78
IPT   1.120 3.72
    Net Premium 25.20
Item Type Value Formula Input/ Argument Formula Output
Base Premium Monthly 16.830  
Cover Platinum 2.211  
Age Factor 4-6 1.110  
Below Maximum Age(6)? TRUE 1.000  
Breed Type Pedigree 1.000  
Options      
Excess Amount £200 1.000  
    Net Premium 41.30
    Total Net Premium 41.30
       
Admin Fee   1.200 8.26
IPT   1.120 5.95
    Calculated Retail Price 55.51
       
Below Minimum Price? 15.00 FALSE  
    Retail Price 55.51
       
Admin Fee   1.200 9.25
IPT   1.120 5.95
    Net Premium 40.31
Item Type Value Formula Input/ Argument Formula Output
Base Premium Monthly 16.830  
Cover Bronze 1.000  
Age Factor 7-9 1.410  
Below Maximum Age(20)? TRUE 1.000  
Breed Type Mixed 0.750  
Options      
Excess Amount £200 1.000  
    Net Premium 17.80
    Total Net Premium 17.80
       
Admin Fee   1.200 3.56
IPT   1.120 2.56
    Calculated Retail Price 23.92
       
Below Minimum Price? 15.00 FALSE  
    Retail Price 23.92
       
Admin Fee   1.200 3.99
IPT   1.120 2.56
    Net Premium 17.37
Item Type Value Formula Input/ Argument Formula Output
Base Premium Monthly 16.830  
Cover Gold 1.382  
Age Factor 7-9 1.410  
Below Maximum Age(10)? TRUE 1.000  
Breed Type Mixed 0.750  
Options      
Excess Amount £200 1.000  
    Net Premium 24.60
    Total Net Premium 24.60
       
Admin Fee   1.200 4.92
IPT   1.120 3.54
    Calculated Retail Price 33.06
       
Below Minimum Price? 15.00 FALSE  
    Retail Price 33.06
       
Admin Fee   1.200 5.51
IPT   1.120 3.54
    Net Premium 24.01
Item Type Value Formula Input/ Argument Formula Output
Base Premium Monthly 16.830  
Cover Platinum 2.211  
Age Factor 7-9 1.410  
Below Maximum Age(6)? FALSE 0.000  
Breed Type Mixed 0.750  
Options      
Excess Amount £200 1.000  
    Net Premium -
    Total Net Premium -
       
Admin Fee   1.200 -
IPT   1.120 -
    Calculated Retail Price -
       
Below Minimum Price? 15.00 FALSE  
    Retail Price -
       
Admin Fee   1.200 -
IPT   1.120 -
    Net Premium Pet Excluded
Item Type Value Formula Input/ Argument Formula Output
Base Premium Monthly 16.830  
Cover Bronze 1.000  
Age Factor 13-19 2.723  
Below Maximum Age(20)? TRUE 1.000  
Breed Type Pedigree 1.000  
Options      
Excess Amount £100 1.150  
    Net Premium 52.70
    Total Net Premium 52.70
       
Admin Fee   1.200 10.54
IPT   1.120 7.59
    Calculated Retail Price 70.83
       
Below Minimum Price? 15.00 FALSE  
    Retail Price 70.83
       
Admin Fee   1.200 11.81
IPT   1.120 7.59
    Net Premium 51.44
Item Type Value Formula Input/ Argument Formula Output
Base Premium Monthly 16.830  
Cover Gold 1.382  
Age Factor 13-19 2.723  
Below Maximum Age(10)? FALSE 0.000  
Breed Type Pedigree 1.000  
Options      
Excess Amount £200 1.000  
    Net Premium -
    Total Net Premium -
       
Admin Fee   1.200 -
IPT   1.120 -
    Calculated Retail Price -
       
Below Minimum Price? 15.00 FALSE  
    Retail Price -
       
Admin Fee   1.200 -
IPT   1.120 -
    Net Premium Pet Excluded
Item Type Value Formula Input/ Argument Formula Output
Base Premium Monthly 16.830  
Cover Platinum 2.211  
Age Factor 13-19 2.723  
Below Maximum Age(6)? FALSE 0.000  
Breed Type Pedigree 1.000  
Options      
Excess Amount £200 1.000  
    Net Premium -
    Total Net Premium -
       
Admin Fee   1.200 -
IPT   1.120 -
    Calculated Retail Price -
       
Below Minimum Price? 15.00 FALSE  
    Retail Price -
       
Admin Fee   1.200 -
IPT   1.120 -
    Net Premium Pet Excluded