Method and apparatus for insuring multiple unit dwellings

A method for insuring an apartment or multi-unit dwelling unit comprising:

• a. inputting into a computer processor a database of building physical information about the apartment complex or multi-unit dwelling complex which may include the full name of the insured, the mailing addresses of the building units, the number of buildings and units, the fire insurance policy on the building and rating by the four basic types of construction recognized in fire insurance coverage
• b. inputting into a computer tenant occupancy information about the apartment or multi-unit dwelling complex, which may include the total number of units occupied by tenants, and the total number of units vacant at the last reporting period.
• c. inputting into a computer relevant tenant rental information, which may include lease agreement requirements, the limits of coverage, a credit report on the tenant coded to meet legal confidentiality requirements, a criminal background check of the tenant, and a character reference check of the tenant to verify his past tenant conduct,
• d. computer qualifying the apartment or multi-unit dwelling via an algorithm processing the building physical information and the tenant data for renters legal liability insurance covering the building owner from unintentional damage caused by the tenant from one or more of the perils selected from the group comprising fire;
• explosion, including the explosion of gases or fuel within the furnace of any fired vessel or within the flues or passages through which the gases of combustion pass, not including loss or damage by rupture, bursting or operation of pressure relief devices;
• or rupture or bursting due to expansion or swelling of the contents of any building structure, caused by or resulting from water, smoke causing sudden and accidental loss or damage not including smoke from agricultural smudging or industrial operations;
• and water that backs up or overflows from a sewer, drain or sump, and water or other liquids that leak, flow or overflows from plumbing heating air conditioning, or other equipment fixtures pursuant to predetermined insurability criteria, and
• e. computer generating a base rate charge for the renters legal liability insurance based on the building physical information and number of units in the complex, and the limits of coverage, issuing renters legal liability insurance covering the building owner of the complex, and billing the owner for the renters legal liability insurance coverage.

A method for insuring an apartment or multi-unit dwelling unit comprising:

• a. inputting into a computer processor a database of relevant building physical information about the apartment complex or multi-unit dwelling complex which may include the full name of the insured, the mailing addresses of the building units, the number of buildings and units, the fire insurance policy on the building and rating by the four basic types of construction recognized in fire insurance coverage
• b. inputting into a computer relevant occupancy information about the apartment or multi-unit dwelling complex, which may include the total number of units occupied by tenants, and the total number of units vacant at the last reporting period.
• c. inputting into a computer relevant tenant rental information, which may include lease agreement requirements, the limits of coverage, a credit report on the tenant coded to meet legal confidentiality requirements, a criminal background check of the tenant, and a character reference check of the tenant to verify his past tenant conduct,
• d. computer qualifying the apartment or multi-unit dwelling via an algorithm processing the building physical information and the tenant data for renters legal liability insurance covering the building owner from unintentional damage caused by the tenant from one or more of the perils selected from the group comprising fire;
• explosion, including the explosion of gases or fuel within the furnace of any fired vessel or within the flues or passages through which the gases of combustion pass, not including loss or damage by rupture, bursting or operation of pressure relief devices;
• or rupture or bursting due to expansion or swelling of the contents of any building structure, caused by or resulting from water;
• smoke causing sudden and accidental loss or damage not including smoke from agricultural smudging or industrial operations;
• and water that backs up or overflows from a sewer, drain or sump, and water or other liquids that leak, flow or overflows from plumbing heating air conditioning, or other equipment fixtures, pursuant to predetermined insurability criteria,
• e. computer qualifying the tenant for insurance covering unintentional damage to the tenant's personal property after the apartment or multi-unit dwelling is qualified for tenant insurance,
• f. computer generating a base rate charge for the renters legal liability and tenant insurance based on the building physical information and number of units in the complex, and the limits of coverage, issuing tenant insurance covering the building owner of the complex from for replacement cost caused by unintentional tenant damage, and the tenant with a pre-set amount of actual cash value covering unintentional damage to the tenant's personal property, and
• g. billing the owner and the tenant for the renters legal liability and tenant insurance coverage.

An apparatus for insuring an apartment or multi-unit dwelling unit comprising:

• a. input means,
• b. computer storage means
• c. a data base inputted into the computer storage means of
• i. sufficient building physical information about the apartment complex or multi-unit dwelling complex and number of units to qualify the complex for fire insurance coverage,
• ii. sufficient tenant data to qualify the complex for renter's single interest insurance coverage,
• iii. a sorting and matching program to computer process databases by matching of non-corresponding sequences to generate a working database of uninsured tenants and units to a pre-determined high degree of reliability,
• d. a computer processor associated with the input and computer storage means database to:
• i. qualify the apartment or multi-unit dwelling unit for renters legal liability insurance to protect the landowner from unintentional damage caused by the tenant from one or more the perils selected from the group comprising fire;
• explosion, including the explosion of gases or fuel within the furnace of any fired vessel or within the flues or passages through which the gases of combustion pass;
• and water that backs up or overflows from a sewer, drain or sump, and water or other liquids that leak, flow or overflows from plumbing heating air conditioning, or other equipment fixtures and to calculate the insurance rates based on tenant occupancy,
• ii. generate a base rate charge for the renters legal liability insurance based on the building physical information and number of units in the complex, and
• iii. issue renters legal liability insurance in a permanent unalterable media embodiment listing the coverage provided covering the unit, and billing the owner for the renters legal liability insurance coverage;
• and
• e. an interactive display terminal operably associated with and activated by the computer processor to display insurance rates and allow interested parties to purchase renters legal liability insurance.