Using standby generator data to determine data associated with terms of residential insurance coverage

A computer system configured to use standby generator data to determine data associated with terms of residential insurance coverage, the computer system comprising at least one of one or more processors or associated transceivers, the at least one of the one or more processors or the associated transceivers configured to:

• receive data from a smart home device communicatively coupled to a standby generator that is indicative of whether the standby generator is associated with a residential property;
• receive, from the smart home device, data indicative of an operational condition of the standby generator;
• determine the data associated with the terms of the residential insurance coverage for the residential property based upon at least one of (i) the data indicative of whether the standby generator is associated with the residential property, or (ii) the data indicative of the operational condition of the standby generator, the data associated with the terms of the residential insurance coverage including at least one of a premium or a favorability of a rating;
• responsive to determining the data associated with the terms of the residential insurance coverage, transmit an indication of the data associated with the terms of the residential insurance coverage to the smart home device, wherein the smart home device (i) receives the indication, (ii) generates an operation control signal to control an operation of the standby generator, (iii) transmits the operation control signal to the standby generator causing the standby generator to modify its operation and generate an updated operational condition including a modified maintenance parameter, and (iv) receives the updated operational condition of the standby generator;
• and
• adjust the data associated with the terms of the residential insurance coverage for the residential property based upon the at least one of the one or more processors or the associated transceivers receiving the updated operational condition from the smart home device.

A system of using standby generator data to determine data associated with terms of residential insurance coverage, the system comprising:

• one or more insurance provider computing devices associated with an insurance provider, the one or more insurance provider computing devices configured to:
• receive data from a smart home device communicatively coupled to a standby generator that is indicative of whether the standby generator is associated with a residential property;
• receive, from the smart home device, data indicative of an operational condition of the standby generator;
• determine the data associated with the terms of the residential insurance coverage for the residential property based upon at least one of (i) the data indicative of whether the standby generator is associated with the residential property, or (ii) the data indicative of the operational condition of the standby generator, the data associated with the terms of the residential insurance coverage including at least one of a premium or a favorability of a rating;
• transmit an indication of the data associated with the terms of the residential insurance coverage to the smart home device, wherein the smart home device (i) receives the indication, (ii) generates an operation control signal to control an operation of the standby generator, (iii) transmits the operation control signal to the standby generator causing the standby generator to modify its operation and generate an updated operational condition including a modified maintenance parameter, and (iv) receives an updated operational condition of the standby generator;
• adjust the data associated with the terms of the residential insurance coverage for the residential property based upon the updated operational condition received from the smart home device.