All Collections
Flecto Insurance
Calculation of the insurance price
How is the insurance cost of a rental with items of different categories calculated? Example: What is the % insurance cost applied to a rental of a bicycle and surfboard?
How is the insurance cost of a rental with items of different categories calculated? Example: What is the % insurance cost applied to a rental of a bicycle and surfboard?
João Safara avatar
Written by João Safara
Updated over a week ago

Let's take the following example:

  • Bicycle: 10€*7,06%=0,71€

  • Surfboard: 7€*4,63%=0,32€

  • Total insurance cost: 0.71+0.32=1.03€

  • Base value: 3€

  • Total: 4,03€

Where 7.06% refers to the percentage of the mobility category and 4.63% to the sport category. In other words, the program calculations are managed even in case of different categories in one rental.

Did this answer your question?