Usage-Based Insurance (UBI),
How To Define Usage-Based Insurance (UBI)?
Usage-based insurance is a type of auto insurance that covers (a) driving behavior through a driving device or (b) a smartphone. In this process, also known as telematics, driving data (such as speed, distance, travel time) is transmitted to real-time insurers via radio devices. The cost of this insurance varies dynamically with the change in risk. The result is better alignment of insurance premiums with real risk.
Literal Meanings of Usage-Based Insurance (UBI)
Meanings of Usage:
The act of dressing or being used.
Sentences of Usage
Water consumption survey
Synonyms of Usage
operation, running, consumption, handling, employment, manipulation, use, utilization
Meanings of Based:
Use as a base or starting point (especially something) for something.
Keep it in a special place like an operation center.
The lower part or edge of an object, especially the part where it rests or rests.
The ideological framework or entity on which something is affected or on which something depends.
A location used as an operations center for the armed forces or another base
An important or important element or component in which other things were added.
A substance capable of reacting with lansic acid to form salts and water or to absorb or neutralize (more widely) hydrogen ions.
The center of the bipolar transistor that separates the emission from the collector.
Roots or root words or their derivatives.
Sentences of Based
The film is based on a novel by Pat Conroy
The Science Policy Review Unit is based at the University of Sussex
He is sitting at the foot of a tree
The city's economic base collapsed
Back to base
Soap based on vegetable oil
Synonyms of Based
place, root, pedestal, wrong, deploy, foot, ground, prop, post, stand, stay, bed, headquarters, wicked, bad, immoral, mean, establish, install, sordid, position
Meanings of Insurance:
The process or arrangement in which a company or government agency guarantees compensation for some loss, injury, illness or death in exchange for premium payments.
Anything that provides protection against possible emergencies.
Sentences of Insurance
Meeting a high standard of personal conduct is the best protection against personal problems.
Synonyms of Insurance
immunity, shelter, precaution, security, safety measure, indemnification, defence, surety, protection, preventive measure, provision, cover, indemnity, safeguard, financial protection
Meanings of UBI:
A type of light purple sweet potato that is used as a flavoring and coloring in desserts.