Dog Rating
The following is the default rating structure (rating schedule) used for pricing covers for dogs:
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
Bichon Frise (Small), 3 Years
Bichon Frise (Small), 3 Years - Bronze Cover
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 |
Bichon Frise (Small), 3 Years - Gold Cover
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 |
Bichon Frise (Small), 3 Years - Platinum Cover
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 |
Mixed Breed - Labrador Cross (Medium), 7 Years
Labrador Cross (Medium), 7 Years - Bronze Cover
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 |
Labrador Cross (Medium), 7 Years - Gold Cover
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 |
Labrador Cross (Medium), 7 Years - Platinum Cover
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 |
Great Dane (Extra-Large), 9 Years
Great Dane (Extra-Large), 9 Years - Bronze Cover
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 |
Great Dane (Extra-Large), 9 Years - Gold Cover
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 |
Great Dane (Extra-Large), 9 Years - Platinum Cover
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 |