Systems and methods for managing insurance for devices located within a property based on insurance-related events

A system for processing an insurance policy associated with a property, the property populated with a plurality of devices configured to monitor various conditions associated with the property, comprising:

• a memory for storing non-transitory computer executable instructions;
• a communication module for communicating data;
• and
• a processor interfacing with the communication module, wherein the processor is configured to execute the non-transitory computer executable instructions to cause the processor to:
• receive, via the communication module, a set of sensor data from at least one of the plurality of devices,
• determine, from the set of sensor data, that the at least one of the plurality of devices is damaged,
• retrieve, via the communication module, a replacement cost of the at least one of the plurality of devices, the replacement cost retrieved, via a short range communication, from a data tag associated with the at least one of the plurality of devices,
• automatically generate a proposed insurance claim for the insurance policy, the proposed insurance claim including the replacement cost of the at least one of the plurality of devices, and
• communicate, via the communication module to an electronic device associated with a customer having the insurance policy, the proposed insurance claim.

A computer-implemented method of processing insurance claims for an insurance policy associated with a property, the property populated with a controller in communication with a plurality of devices in the property, each of the plurality of devices configured to monitor various conditions associated with the property, the method comprising:

• receiving, via a first communication network, a set of sensor data associated with least one of the plurality of devices;
• determining, by one or more processors from the set of sensor data, that the at least one of the plurality of devices is damaged;
• retrieving a replacement cost of the at least one of the plurality of devices, the replacement cost retrieved, via a short range communication, from a data tag associated with the at least one of the plurality of devices;
• automatically generating, by the one or more processors, a proposed insurance claim for the insurance policy, the proposed insurance claim including the replacement cost of the at least one of the plurality of devices;
• and
• causing, by the one or more processors, the proposed insurance claim to be presented on a display of an electronic device for customer review.