What Is The Difference between “Pro-Rate” and “Short-Rate”?

Ljasonpile on 04/02/2019 - 16:24

What is the difference between “pro-rate” and “short-rate”? Please help me out

Comments

nocure on 04/02/2019 - 16:27

+3

Please use in a sentence? Let me guess, it has something to do with insurance.
HighAndDry on 04/02/2019 - 16:28

Are we talking about insurance premiums?

Short-rate means the insurance company keeps more of your money because you cancelled before expiry. Pro-rate means they keep the amount of your premiums proportionate to how long of the whole period you had it for.
websterp on 04/02/2019 - 16:41

+5

Member Since
26 min ago
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Location
Sydney
Website
truckinsurancehq.com.au

I think Website truckinsurancehq.com.au explains the type of information the OP is after….
- djkelly69 on 04/02/2019 - 17:01
  
  +8
  
  Kind of concerning that someone running a truck insurance HQ site doesn't know the answer to this insurance-related question?
[Deactivated] on 04/02/2019 - 16:55

What did Google say when you asked it?
- Quantumcat on 04/02/2019 - 17:48
  
  +3
  
  Ask OzInsuranceBargain
Gunther on 04/02/2019 - 17:04

+1

Oh No - the villagers are angry!
- theHMASfriendship on 04/02/2019 - 17:54
  
  +1
  
  They are I-rate
djones145 on 04/02/2019 - 23:10

nah bro its pr0 rate and noob rate

u ain't 1337 and dont understand
u feel me bro
- theHMASfriendship on 05/02/2019 - 06:41
  
  Yes
Baysew on 05/02/2019 - 18:06

At least this isn't an AMA thread.