Usage-Based Insurance (UBI)

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)

Usage:

Meanings of Usage:
  1. The act of dressing or being used.

Sentences of Usage
  1. Water consumption survey

Synonyms of Usage

operation, running, consumption, handling, employment, manipulation, use, utilization

Based:

Meanings of Based:
  1. Use as a base or starting point (especially something) for something.

  2. Keep it in a special place like an operation center.

  3. The lower part or edge of an object, especially the part where it rests or rests.

  4. The ideological framework or entity on which something is affected or on which something depends.

  5. A location used as an operations center for the armed forces or another base

  6. An important or important element or component in which other things were added.

  7. A substance capable of reacting with lansic acid to form salts and water or to absorb or neutralize (more widely) hydrogen ions.

  8. The center of the bipolar transistor that separates the emission from the collector.

  9. Roots or root words or their derivatives.

Sentences of Based
  1. The film is based on a novel by Pat Conroy

  2. The Science Policy Review Unit is based at the University of Sussex

  3. He is sitting at the foot of a tree

  4. The city's economic base collapsed

  5. Back to base

  6. 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

Insurance:

Meanings of Insurance:
  1. 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.

  2. Anything that provides protection against possible emergencies.

Sentences of Insurance
  1. 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

UBI:

Meanings of UBI:
  1. A type of light purple sweet potato that is used as a flavoring and coloring in desserts.

Usage-Based Insurance (UBI),

Definition of Usage-Based Insurance (UBI):

  1. Usage-based insurance is a type of auto insurance that tracks (a) driving behavior through in-vehicle devices or (b) smartphones. In this process, also known as telematics, driving data is wirelessly transmitted to the insurance company in real time (eg SD, mileage, travel time). The cost of this insurance varies dynamically with risk development. The result is better alignment of insurance premiums with real risk.

Literal Meanings of Usage-Based Insurance (UBI)

Usage:

Meanings of Usage:
  1. The process of dressing or being used.

Based:

Meanings of Based:
  1. Search at a specific location, such as Operation Center.

Synonyms of Based

hinge, have its origin in, emanate from, site, found, use as a basis, construct, can be traced back to, situate, station, garrison, build, stem from, locate, rest, spring from, originate in, derive from, form

Insurance:

Meanings of Insurance:
  1. An agreement in which the company or state guarantees compensation for certain damages, injuries, illnesses or deaths in exchange for certain premiums.

  2. Something that protects against possible accidents.

Sentences of Insurance
  1. Jacket hanging on the back of the chair, protected from air conditioning

Synonyms of Insurance

(financial) protection, backstop, guarantee, assurance, warranty

UBI:

Meanings of UBI:
  1. A type of light purple sweet potato that is used as a flavoring and coloring in sweet dishes.

Sentences of UBI
  1. I ordered an Ube cake for the office party.