The Evolution of Pay-As-You-Go Insurance: Customizing Coverage for Modern Lifestyles
Introduction to Pay-As-You-Go Insurance Pay-as-you-go insurance, often referred to as usage-based insurance (UBI), is an innovative model that tailors insurance coverage more closely to an individual’s actual usage rather than relying on fixed premiums. This model represents a significant shift from traditional insurance, which calculates premiums based on generalized risk factors and broad demographic categories. … Read more