Understanding How Your Padder Guarantor Premium Is Determined

Typical Pricing Range

Padder Guarantor premiums usually fall between 30% and 130% of one month’s rent for the unit listed in the application.

How Quotes Are Determined

Each quote is calculated through our proprietary underwriting model, which reviews hundreds of data points across each application. These include both:

• Lease-level factors 
• Applicant-level factors 

The model applies objective criteria consistently across all applicants to ensure fairness and accuracy.

Why Specific Pricing Factors Aren’t Shared

Because the model is a proprietary, regulated risk algorithm, Padder does not publicly disclose the specific weighting or formulas used to calculate premiums.

While we can’t provide factor-by-factor explanations, you can be assured that:

• The same objective model is used for every quote.
• Each premium aligns with the standardized assessment of risk and coverage level.

Can My Application Be Underwritten Again?

We can only re-run underwriting if details in your application change; for example:

• Lease term or rent amount
• Number of co-tenants
• Property or unit information

In that case, a new application must be submitted with updated documentation. The outcome may result in a higher or lower premium, depending on the revised details.