Typical. Should be a charge per mile and a One time binding fee. This is a low premium, high usage product. OK, some ISO processing required. Driver should be saving a lot more than 30 to 40 percent.
It would be great if this Insurance Journal article included more information than what is in the press release. What does the product look like (coverages) and is that apples-apples vs. the base for this 30-40% price reduction, or is the reduction partially due to reduced coverages; who is underwriting this product; what is the VEHCON relationship? Rather than parroting press releases, would love to see a *journalist* digging into *insurance* issues in a publication carrying your name.
Typical. Should be a charge per mile and a One time binding fee. This is a low premium, high usage product. OK, some ISO processing required. Driver should be saving a lot more than 30 to 40 percent.
It would be great if this Insurance Journal article included more information than what is in the press release. What does the product look like (coverages) and is that apples-apples vs. the base for this 30-40% price reduction, or is the reduction partially due to reduced coverages; who is underwriting this product; what is the VEHCON relationship? Rather than parroting press releases, would love to see a *journalist* digging into *insurance* issues in a publication carrying your name.
The article now has some additional information. You will find other articles on pay-per-mile insurance if you search our archives.