System and method for processing enhanced coverage quotations
AssigneeHartford Fire Insurance Company
InventorsChristine A. Woods, Cynthia A. Hellyar, Sandra E. Belcourt
Life of this patent
Estimating the term…
Abstract
A insurance policy management system for administering and managing insurance policies having enhanced coverages for providing property upgrades based on universal design principles. In the event of a loss to an insured property, the enhanced coverage will provide for enhanced property improvements under universal design guidelines to provide lifestyle upgrades for the insured. The enhanced coverage may apply to residential homes and businesses to help increase the quality of life and living environment for occupants.
Claims20
A system for providing enhanced coverage options for a base homeowners insurance policy, the system comprising:
- one or more processors;
- a memory coupled to the one or more processors;
- and one or more programs, wherein the one or more programs are stored in the memory and configured to be executed by the one or more processors, the one or more programs including instructions for:
- providing an enhanced coverage option selection screen on a graphical user interface, each enhanced coverage option providing, responsive to a loss covered under the base homeowners insurance policy and affecting a room of the home covered under the base homeowners insurance policy, upgrade coverage based on universal design principles for the affected room;
- receiving an enhanced coverage option selection from the graphical user interface;
- storing the enhanced coverage option selection in a storage device;
- determining a premium for the enhanced coverage option selection;
- and
- communicating, via a communications network, the determined premium for the enhanced coverage option selection to a user.
A computer system for providing universal design based enhanced coverage options to a current or future policyholder, comprising:
- one or more processors;
- and
- a memory storage device in communication with the one or more processors;
- the one or more processors configured to:
- provide a display of a plurality of enhanced coverage options, wherein the display includes one or more enhanced coverage examples for display, each of the enhanced coverage options providing for improvements in accordance with universal design principles responsive to a covered loss;
- receive via a computer communications network user data related to a enhanced coverage option selection;
- store the enhanced coverage option selection in the memory storage device
- determine, based on the enhanced coverage option selection, a premium associated with the enhanced coverage option selection;
- and
- transmit the determined premium information related to the enhanced coverage option selection to the current or future policyholder.
A computer-implemented method for administering property and casualty insurance policies, the policies having enhanced coverage for providing one or more enhancements in accordance with universal design principles in the event of an incurred loss to a covered property, comprising:
- providing, via a graphical user interface, a display of enhanced coverage options available for a covered property;
- receiving, via a computer communications network, a user selected enhanced coverage option made via the graphical user interface;
- storing the enhanced coverage option selection in a database associated with an insurance entity;
- determining, by a computer processor, a premium associated with the enhanced coverage option selection;
- and
- transmitting, by the computer communications network, the determined premium information related to the enhanced coverage option selection for display on the graphical user interface.
Dependencies are inferred from the claim text.