Your policy price can be broken down into 3 parts:

1. Insurance Premium: This is the cost of your insurance policy. It's the amount paid
to the insurer, and the broker (Flock).

2.Distribution Fee: All payments are handled by Stripe, who charge a percentage-based fee for each credit or debit card payment. Currently, the charge is 1.4% + 20p for major European cards. 

3.Insurance Premium Tax (IPT): IPT is the tax on general insurance premiums. Currently, the standard rate is 12% of Insurance Premium (1) + Distribution Fee (2).

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