How Quotes Are Determined
A quote is the price you may be offered for a Padder program based on the application details and the coverage or service level.
Good to know:
- For insurance-based programs, the quote reflects the premium.
- For warranty/service-based programs, the quote reflects the fee.
How quotes are determined
Quotes are generated using Padder’s underwriting approach to assess eligibility and pricing based on the information provided and any required verification.
Why we don’t provide formula-level breakdowns
Padder does not publish the specific weighting or formulas used to calculate quotes. This helps protect the integrity of the assessment process and the customer experience.
Padder does not provide individualized pricing rationale beyond what is required to administer the program.
Even though we can’t provide a factor-by-factor breakdown, you can expect that:
- A consistent approach is applied to every quote.
- Quotes align with the coverage or service level and the information available for the application.
- If information changes (or additional verification is required), your quote may change accordingly.