mobility service grapple
Mobility services grapple with insurance policies
From e-scooters to self-driving shuttles, to ride-hailing and car-sharing, auto companies and startups are testing any number of mobility services. While the long-term viability of some of these services remains unclear, one factor surrounding them is certain: The need for comprehensive insurance coverage for users. And that may present an opportunity for a new kind of insurance policy, one that could be on demand, for example. PSA North America's Free2Move short-term rental fleet in Washington, D.C., uses coverage through mobility insurance provider Trov. Insurance premiums are adjusted based on data Trov receives in real time from Free2Move's connected vehicles.