Homeowners Application Process Using Geotagged Photos

A non-transitory, tangible computer-readable medium storing machine readable instructions that, when executed by a processor, cause the processor to:

• capture a first image of a dwelling;
• determine geographic location data corresponding to a location of the image capture unit;
• add the geographic location data as metadata to the first image of the dwelling such that the first image includes geotagged information;
• reverse geocoding the geotagged information to determine a reverse geocoded address;
• match, via image recognition, the first image of the dwelling to a second image of the dwelling that is stored in a database, the second image of the dwelling being stored in the database having a dwelling address associated therewith;
• determine whether the reverse geocoded address associated with the first image of the dwelling matches the dwelling address associated with the second image of the dwelling;
• determine a verified address that is either (i) the reverse geocoded address, when the reverse geocoded address matches the dwelling address, or (ii) the dwelling address stored in the database, when the reverse geocoded address does not match the dwelling address;
• calculate an insurance premium quote based on the verified address;
• and
• display the insurance premium quote.

An insurance premium quoting system, comprising:

• a mobile computing device configured to (i) capture a first image of a dwelling, (ii) determine geographic location data corresponding to a location of the mobile device, and (iii) add the geographic location data as metadata to the first image of the dwelling such that the first image of the dwelling includes geotagged information;
• and
• a computing device configured to:
• receive the first image of the dwelling including the geotagged information from the mobile device,
• determine a reverse geocoded address by reverse geocoding the geotagged information,
• match, via image recognition, the first image of the dwelling to a second image of the dwelling that is stored in a database, the second image of the dwelling being stored in the database having a dwelling address associated therewith,
• determine whether the reverse geocoded address associated with the first image of the dwelling matches the dwelling address associated with the second image of the dwelling,
• determine a verified address that is one of (i) the reverse geocoded address, when the reverse geocoded address matches the dwelling address, or (ii) the dwelling address stored in the database, when the reverse geocoded address does not match the dwelling address,
• calculate an insurance premium quote based on the reverse geocoded address, and
• send the insurance premium quote to the mobile computing device,
• wherein the mobile computing device is further configured to display the insurance premium quote.