Method and apparatus for insurance and calculation of premiums for firearms and related equipment
OwnerWendell D. BROWNinventor
Life of this patent
Estimating the term…
Abstract
A method of calculating an insurance premium for a firearm and related equipment purchased by a buyer includes receiving information of the buyer by a computer, and collecting data from one or more databases about the buyer by the computer in response to the received information. The method calculates the insurance premium based on a type of the firearm purchased and related equipment and the collected data.
Claims21
A method of calculating an insurance premium for a firearm and related equipment purchased by a buyer, the method comprising:
- receiving information of the buyer by a computer;
- collecting data from one or more databases about the buyer by the computer in response to the received information;
- and
- calculating the insurance premium based on a type of the firearm and the collected data.
A non-transitory computer readable medium having a plurality of program codes executable by a computer for calculating an insurance premium for a firearm and related equipment purchased by a buyer, the non-transitory computer readable medium comprising:
- a first program code configured to receive information of the buyer by a computer;
- a second program code configured to collect data from one or more databases about the buyer based on the obtained information;
- and
- a third program code configured to calculate the insurance premium based on a type of the firearm and related equipment and the collected data.
A system for calculating an insurance premium for a firearm and related equipment purchased by a buyer, the system comprising:
- a computer disposed;
- an input device including a display screen coupled to the computer and configured to receive information entered by the buyer;
- and
- a communication interface device coupled to the computer and configured to access one or more databases and to collect information data pertinent to the buyer;
- wherein the computer calculates the insurance premium based on a type of the firearm and the collected information data.
A system for calculating an insurance premium for a purchase by a buyer, the system comprising:
- a computer;
- an input device including a display screen coupled to the computer and configured to receive information entered by the buyer;
- and
- a communication interface device coupled to the computer and configured to access one or more databases and to collect data pertinent to the buyer, wherein the computer assesses a risk score based on at least a portion of the collected data and a purchased item and calculates the insurance premium based on the purchased item and a number of accessories associated with the purchased item and the assessed risk score.
Dependencies are inferred from the claim text.