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EAGLE, CO – November 19, 2018 – (Motor Sports Newswire) – REVER announces the launch of sureRIDE, one of the first pay-as-you-ride motorcycle-insurance products. SureRIDE, initially available to all REVER members residing in Arizona, offers usage-based insurance calculated using the mileage recorded in the REVER mobile app.
“Usage-based insurance or UBI is gaining traction in many industries but there has yet to be a program specifically for motorcycles,” says Justin Bradshaw, CoFounder of REVER. “Given the seasonal behavior for many motorcycle owners, a policy based on the actual miles they ride makes perfect sense. Since millions of miles are already being recorded in the REVER app, it’s a perfect fit to offer this kind of service to our growing community of riders.”
REVER users in Arizona have the opportunity to be the first to sign up for sureRIDE. Approved riders pay a monthly flat rate to cover the premium for their comprehensive insurance coverage. In addition, riders are charged a monthly fee for other insurance coverages which is based on the miles they actually ride up to a maximum of 1,200 miles per month. After hitting the maximum miles per month, a sureRIDE policyholder will not be charged for additional miles within the applicable mileage period. The sureRIDE product is underwritten by American Modern Insurance, and REVER anticipates rolling it out to other states in the future.
SureRIDE policyholders will be provided with a REVER GO! Beacon, a quarter-sized piece of hardware that mounts effortlessly to any bike and automatically tracks and saves rides in the REVER app.
Unlike other UBI policies that measure behavior like speed, acceleration, and braking, sureRIDE only looks at the mileage reported from the REVER app.
For more information, visit sureRIDE.
About REVER
The REVER app, available for free on iOS and Android, works in conjunction with the REVER website to help riders discover the world’s best roads, create custom routes, track epic rides, compete for bragging rights, and share their riding experiences across social platforms. Since the app launched, REVER users have tracked millions of miles on motorcycle rides in over 125 countries around the world. For more information, visit REVER.co. or download the REVER mobile app.
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Source: REVER
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