Wednesday, 4 November 2009

Pay-by-the mile insurance

One for the markets in everything file. This from the Carpe Diem blog:
A first-of-its-kind plan is MileMeter available only in Texas, which last year began offering six-month policies with chunks of insured miles ranging from 1,000 to 6,000 miles. When the "tank" runs dry, motorists buy more.

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