RiskRate

Quotation

Your Estimated Premium

This is an estimate based on the data you provided.

Flood PremiumRM 555.79

Landslide PremiumRM 475.79

Total Estimated PremiumRM 1,031.58

Key Risk Factors

Key factors: Flood risk (Medium), Landslide risk (Low), Building Material (concrete), Protection Level (full).

How We Calculate Your Premium

Your premium is calculated using the formula: Gross Premium = (Base Rate + Fixed Expense + Damage Ratio × (Coverage/1000) × (1 − Discount Rate)) / (1 − V)

Damage Ratio (Landslide)0.1600

Derived from Landslide Risk (Low) and Building Material (concrete).

Damage Ratio (Flood)0.2400

Derived from Flood Risk (Medium) and Building Material (concrete).

Base Rate200

Fixed value set by insurer.

Fixed Expense100

Fixed value set by insurer.

Coverage1,000,000

The average property value or the value determined by the property owner.

Discount Rate5.0%

Based on Mitigation taken (full).

Variable Expense Ratio (V)0.05

Percentage determined by insurer (including commission, Premium Tax and others).

Calculator for Premium

Base RateFixed ExpenseCoverage (RM)Discount Rate (%)Variable Expense Ratio (V)Damage Ratio (Flood)Damage Ratio (Landslide)

Flood Premium—

Landslide Premium—

Total Premium—