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US 2012/0072243 A1Published application
Monitoring customer-selected vehicle parameters
AssigneeThe Travelers Companies, Inc.
InventorsDean Collins, Bryan Smith, William Krysinski
Life of this patent
Estimating the term…
Abstract
Vehicle insurance customers select parameters for monitoring using one or more telematics devices. The parameters may comprise an operating characteristic associated with at least one vehicle associated with a personal insurance product. Selection and measurement of parameters may result in lower insurance premiums. In one embodiment, an apparatus causes, based on a user selection of at least one of a plurality of menu-selectable options, a remotely programmable memory of at least one monitoring device to store an indication of the monitoring parameters represented by the user selection.
Claims28
A method, comprising:
- receiving, by a specially-programmed computer device and from a user device, an indication of a request for a personal insurance product;
- determining, by the specially-programmed computer device, a base premium for the personal insurance product;
- providing, by the specially-programmed computer device and to the user device, a plurality of menu-selectable options, each option representing at least one monitoring parameter relevant to the personal insurance product;
- receiving, by the specially-programmed computer device and from the user device, an indication of a user selection of at least one of the plurality of menu-selectable options;
- determining, by the specially-programmed computer device and based on the user selection, an adjusted premium for the personal insurance product;
- providing, by the specially-programmed computer device and to the user device, an indication of the adjusted premium for the personal insurance product;
- and
- facilitating, by the specially-programmed computer device and based on the adjusted premium, a sale of the personal insurance product to a customer.
5 more elements
An apparatus, comprising:
- a computerized processing device;
- and
- a memory device in communication with the computerized processing device and storing specially-programmed instructions that when executed by the computerized processing device result in:
- receiving, from a user device, an indication of a request for a personal insurance product;
- determining a base premium for the personal insurance product;
- providing, to the user device, a plurality of menu-selectable options, each option representing at least one monitoring parameter relevant to the personal insurance product;
- receiving, from the user device, an indication of a user selection of at least one of the plurality of menu-selectable options;
- determining, based on the user selection, an adjusted premium for the personal insurance product;
- providing, to the user device, an indication of the adjusted premium for the personal insurance product;
- and
- facilitating, based on the adjusted premium, a sale of the personal insurance product to a customer.
8 more elements
A computer-readable memory storing instructions that when executed by a computer comprising at least one processor result in:
- receiving, by a specially-programmed computer device and from a user device, an indication of a request for a personal insurance product;
- determining, by the specially-programmed computer device, a base premium for the personal insurance product;
- providing, by the specially-programmed computer device and to the user device, a plurality of menu-selectable options, each option representing at least one monitoring parameter relevant to the personal insurance product;
- receiving, by the specially-programmed computer device and from the user device, an indication of a user selection of at least one of the plurality of menu-selectable options;
- determining, by the specially-programmed computer device and based on the user selection, an adjusted premium for the personal insurance product;
- providing, by the specially-programmed computer device and to the user device, an indication of the adjusted premium for the personal insurance product;
- and
- facilitating, by the specially-programmed computer device and based on the adjusted premium, a sale of the personal insurance product to a customer.
5 more elements
An interface, comprising:
- a plurality of menu-selectable options, each option representing at least one monitoring parameter relevant to a personal insurance product, wherein the at least one monitoring parameter comprises a metric descriptive of a characteristic of a vehicle operated by a customer having the personal insurance product;
- and
- an insurance product premium output area, the insurance product premium output area being responsive to a selection of at least one option of the plurality of menu-selectable monitoring parameter options such that any change to the insurance product premium based on (i) the selection of at least one option of the plurality of menu-selectable monitoring parameter options and (ii) a plurality of stored premium determination rules, is output to the customer via the insurance product premium output area.
Dependencies are inferred from the claim text.