Dog Rating

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

Dog Rating      
BASE PREMIUM   Monthly Annual
Pedigree Dog, Small Size, 0-3 years, Bronze Cover 12.17 146.04
       
Cover Weighting      
Bronze 1.000    
Gold 1.957 Dog must be =< 8 years (=<6 IF Breed Size = Extra Large)
Platinum 2.544 Dog must be =< 6 years
       
Dog Age Weighting      
0-3 1.000    
4-6 1.357    
7-9 1.676    
10-12 2.130    
13+ - Excluded  
       
Dog Size Weighting      
Small 1.000    
Medium 1.029    
Large 1.449    
Extra Large 2.517    
       
Dog Breed Type Weighting      
Pedigree 1.000    
Mixed 0.813    
       
       
PREMIUM CALCULATION    
Net Premium per Pet Insured (BASE PREMIUM * COVER FACTOR * AGE FACTOR * SIZE 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 146.040  
Cover Bronze 1.000  
Age Factor 0-3 1.000  
Below Maximum Age (13)? TRUE 1.000  
Breed Size Small 1.000  
Breed Type Pedigree 1.000  
Options      
Excess Amount £500 0.925  
    Net Premium 135.09
    Total Net Premium 135.09
       
Admin Fee   1.200 27.02
IPT   1.120 19.45
    Calculated Retail Price 181.56
       
Below Minimum Price? 15.00 FALSE  
    Retail Price 181.56
       
Admin Fee   1.200 30.26
IPT   1.120 19.45
    Net Premium 131.84
Item Type Value Formula Input/ Argument Formula Output
Base Premium Monthly 146.040  
Cover Gold 1.957  
Age Factor 0-3 1.000  
Below Maximum Age (8 or 6)? TRUE 1.000  
Breed Size Small 1.000  
Breed Type Pedigree 1.000  
Options      
Excess Amount £500 0.925  
    Net Premium 264.37
    Total Net Premium 264.37
       
Admin Fee   1.200 52.87
IPT   1.120 38.07
    Calculated Retail Price 355.31
       
Below Minimum Price? 15.00 FALSE  
    Retail Price 355.31
       
Admin Fee   1.200 59.22
IPT   1.120 38.07
    Net Premium 258.02
Item Type Value Formula Input/ Argument Formula Output
Base Premium Monthly 146.040  
Cover Platinum 2.544  
Age Factor 0-3 1.000  
Below Maximum Age (6)? TRUE 1.000  
Breed Size Small 1.000  
Breed Type Pedigree 1.000  
Options      
Excess Amount £500 0.925  
    Net Premium 343.66
    Total Net Premium 343.66
       
Admin Fee   1.200 68.73
IPT   1.120 49.49
    Calculated Retail Price 461.88
       
Below Minimum Price? 15.00 FALSE  
    Retail Price 461.88
       
Admin Fee   1.200 76.98
IPT   1.120 49.49
    Net Premium 335.41
Item Type Value Formula Input/ Argument Formula Output
Base Premium Monthly 146.040  
Cover Bronze 1.000  
Age Factor 7-9 1.676  
Below Maximum Age (13)? TRUE 1.000  
Breed Size Medium 1.029  
Breed Type Mixed 0.813  
Options      
Excess Amount £100 1.150  
    Net Premium 235.48
    Total Net Premium 235.48
       
Admin Fee   1.200 47.10
IPT   1.120 33.91
    Calculated Retail Price 316.48
       
Below Minimum Price? 15.00 FALSE  
    Retail Price 316.48
       
Admin Fee   1.200 52.75
IPT   1.120 33.91
    Net Premium 229.83
Item Type Value Formula Input/ Argument Formula Output
Base Premium Monthly 146.040  
Cover Gold 1.957  
Age Factor 7-9 1.676  
Below Maximum Age (8 or 6)? TRUE 1.000  
Breed Size Medium 1.029  
Breed Type Mixed 0.813  
Options      
Excess Amount £100 1.150  
    Net Premium 460.83
    Total Net Premium 460.83
       
Admin Fee   1.200 92.17
IPT   1.120 66.36
    Calculated Retail Price 619.36
       
Below Minimum Price? 15.00 FALSE  
    Retail Price 619.36
       
Admin Fee   1.200 103.23
IPT   1.120 66.36
    Net Premium 449.77
Item Type Value Formula Input/ Argument Formula Output
Base Premium Monthly 146.040  
Cover Platinum 2.544  
Age Factor 7-9 1.676  
Below Maximum Age (6)? FALSE 0.000  
Breed Size Medium 1.029  
Breed Type Mixed 0.813  
Options      
Excess Amount £100 1.150  
    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 146.040  
Cover Bronze 1.000  
Age Factor 7-9 1.676  
Below Maximum Age (13)? TRUE 1.000  
Breed Size Extra Large 2.517  
Breed Type Pedigree 1.000  
Options      
Excess Amount £100 1.150  
    Net Premium 708.48
    Total Net Premium 708.48
       
Admin Fee   1.200 141.70
IPT   1.120 102.02
    Calculated Retail Price 952.20
       
Below Minimum Price? 15.00 FALSE  
    Retail Price 952.20
       
Admin Fee   1.200 158.70
IPT   1.120 102.02
    Net Premium 691.48
Item Type Value Formula Input/ Argument Formula Output
Base Premium Monthly 146.040  
Cover Gold 1.957  
Age Factor 7-9 1.676  
Below Maximum Age (8 or 6)? FALSE 0.000  
Breed Size Extra Large 2.517  
Breed Type Pedigree 1.000  
Options      
Excess Amount £100 1.150  
    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 146.040  
Cover Platinum 2.544  
Age Factor 7-9 1.676  
Below Maximum Age (6)? FALSE 0.000  
Breed Size Extra Large 2.517  
Breed Type Pedigree 1.000  
Options      
Excess Amount £100 1.150  
    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