Could a P2P Framework Be Used to Reduce Your Auto Insurance Premium?

A Social Network that will allow you to pool money with friends and family in order to cover your car insurance deductible in case of a loss. In other words, a P2P insurance pool that will cover your out-of-pocket expenses when you incur and insured loss. By the end of insurance period (i.e. 6 months or 12 months), if pool is loss-free, then all participants get their cash back, converting into a reduction in cost for the following insurance period.

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