System and method for applying for insurance at a point of sale
OwnerRalph Coheninventor
Life of this patent
Estimating the term…
Abstract
A method for applying for insurance for a product at a point of sale is described. The method comprises obtaining an appraisal for a product at a point of sale; a customer, in response to receiving the appraisal for the product at a point of sale, compensating the point of sale; completing an insurance application at the point of sale; submitting, from the point of sale, the appraisal and the insurance application to an insurance intermediary; and the insurance intermediary, in response to receiving the appraisal and the insurance application, selecting an insurance provider and submitting the appraisal and the insurance application to the insurance provider.
Claims21
A method for applying for jewelry insurance for a jewelry product at a point of sale, the method comprising:
- generating an appraisal for a jewelry product at a point of sale;
- receiving compensation at the point of sale in response to receiving the appraisal for the jewelry product at a point of sale;
- completing an insurance application at the point of sale;
- submitting, from the point of sale, the appraisal, the insurance application to an insurance intermediary;
- selecting an insurance provider via an insurance intermediary, in response to receiving the appraisal and the insurance application;
- and
- submitting the appraisal and the insurance application to the insurance provider.
A method for applying for jewelry insurance for a jewelry product at a point of sale, the method comprising:
- obtaining an appraisal for a product at a point of sale;
- compensating the point of sale in response to receiving the appraisal for the product at a point of sale;
- completing an insurance application at the point of sale;
- submitting, from the point of sale, the appraisal and the insurance application to an insurance intermediary and an insurance provider selected by the insurance intermediary;
- and
- submitting administrative fee payment information to the insurance intermediary from the insurance provider in response to receiving the appraisal and the insurance application.
A system for obtaining insurance for a fine art or jewelry product, said system comprising:
- a point of sale computer configured to enable appraisal of a product and generation of an insurance application for the product, said point of sale computer configured to transmit the appraisal and the insurance application;
- and
- an insurance computer configured to receive the appraisal and insurance application and generate an insurance policy covering the product.
At least one computer readable medium including a set of instructions for execution on a computer, said set of instructions comprising:
- an appraisal routine for generating an appraisal of at least one of a jewelry product and an art product based on product information;
- an insurance application routine for generating an application for an insurance policy covering the at least one of a jewelry product and an art product, wherein said appraisal and said application are completed at a point of sale for a customer purchasing the at least one of a jewelry product and an art product;
- and
- an insurance approval routine for approving insurance coverage of the at least one of a jewelry product and an art product and for generating an insurance policy covering the at least one of a jewelry product and an art product, wherein the customer receives the insurance policy at the point of sale.
Dependencies are inferred from the claim text.