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Systems and methods for utilizing sensor informatics to determine insurance coverage and recoverable depreciation for personal or business property

a technology of sensor information and insurance coverage, applied in the field of utilizing sensor information to determine insurance coverage for personal or business property, can solve the problems of untapped insurance coverage opportunities for insurance companies, and the terms of insurance policies, such as homeowner insurance policies, may not reflect the true nature of risks

Inactive Publication Date: 2016-01-07
USAA
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

The patent describes a computer system that uses data from sensors and insurance policies to determine if an insurance claim is valid and if there is a need for repairs. The system analyzes data from sensors placed on an insured's property and compares it to information from the insurance policy. It can also detect indicia on objects, such as insurance company logos, to confirm coverage. The system can also electronically notify the insured of the status of their claim and schedule repair services. Overall, the system improves the speed and accuracy of processing insurance claims.

Problems solved by technology

Smart house functionality is a maturing space, but the opportunity for insurance companies remains largely untapped.
Thus, the terms of insurance policies, such as homeowner insurance policies, may not be reflective of the true nature of the risks being insured.

Method used

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  • Systems and methods for utilizing sensor informatics to determine insurance coverage and recoverable depreciation for personal or business property
  • Systems and methods for utilizing sensor informatics to determine insurance coverage and recoverable depreciation for personal or business property
  • Systems and methods for utilizing sensor informatics to determine insurance coverage and recoverable depreciation for personal or business property

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Embodiment Construction

[0015]The illustrated embodiments are now described more fully with reference to the accompanying drawings wherein like reference numerals identify similar structural / functional features. The illustrated embodiments are not limited in any way to what is illustrated as the illustrated embodiments described below are merely exemplary, which can be embodied in various forms as appreciated by one skilled in the art. Therefore, it is to be understood that any structural and functional details disclosed herein are not to be interpreted as limiting, but merely as a basis for the claims and as a representation for teaching one skilled in the art to variously employ the discussed embodiments. Furthermore, the terms and phrases used herein are not intended to be limiting but rather to provide an understandable description of the illustrated embodiments. Also, the flow charts and methods described herein do not imply either required steps or a required order to the steps, and the illustrated e...

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PUM

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Abstract

A computer device and method for processing data to determine insurance coverage for objects and associated recoverable depreciation based upon informatic data. Informatic data is received from one or more informatic sensor devices relating to one or more objects associated with an insured property. Computer analysis is performed on the received informatic data to determine an insurance claim event for at least one of the one or more objects associated with the insured property. Computer analysis is also performed on the received informatic data to determine if recoverable depreciation is applicable to a determined insurance claim.

Description

CROSS REFERENCE TO RELATED APPLICATIONS[0001]This application claims priority to U.S. patent application Ser. Nos.: 61 / 866,779 filed Aug. 16, 2013; 61 / 926,093 filed Jan. 10, 2014; 61 / 926,091 filed Jan. 10, 2014; 61 / 926,095 filed Jan. 10, 2014; 61 / 926,098 filed Jan. 10, 2014; 61 / 926,103 filed Jan. 10, 2014; 61 / 926,108 filed Jan. 10, 2014; 61 / 926,111 filed Jan. 10, 2014; 61 / 926,114 filed Jan. 10, 2014; 61 / 926,118 filed Jan. 10, 2014; 61 / 926,119 filed Jan. 10, 2014; 61 / 926,121 filed Jan. 10, 2014; 61 / 926,123 filed Jan. 10, 2014; 61 / 926,536 filed Jan. 13, 2014; 61 / 926,541 filed Jan. 13, 2014; 61 / 926,534 filed Jan. 13, 2014; 61 / 926,532 filed Jan. 13, 2014; 61 / 943,897 filed Feb. 24, 2014; 61 / 943,901 filed Feb. 24, 2014; 61 / 943,906 filed Feb. 24, 2014; and 61 / 948,192 filed Mar. 5, 2014 which are each incorporated herein by reference in its entirety.FIELD OF THE INVENTION[0002]The disclosed embodiments generally relate to a method and computerized system for collecting and utilizing sensor ...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): G06Q40/08
CPCG06Q40/08G06Q10/20G06Q2220/00G06Q40/03G06Q40/12G06Q50/16G06V20/176G06F2218/12
Inventor DEVEREAUX, RAMSEYALLEN, MICHAEL J.READ, SPENCERFRANCK, DAVID S.WHEELER, DANIELASWAIN, KATHLEEN L.BURGESS, CLEBURNE R.
Owner USAA
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