Using home telematics data to identify recommendations associated with home warranty product coverage

A home warranty assessment engine, comprising:

• a communication unit including at least one transceiver that is configured to collect home telematics data over an initial time period from an electricity monitoring hardware device including a processor removably adjacent or affixed to and in operative communication with an existing electrical distribution board, the electricity monitoring hardware device configured to simultaneously and continuously monitor electricity delivered from the existing electrical distribution board to a plurality of home devices covered by a home warranty, correlate, simultaneously and continuously, detected unique electrical signatures from the monitored electricity to each of the plurality of home devices, and generate the home telematics data from the monitored electricity delivered as correlated with each of the plurality of home devices;
• and
• at least one processor that is configured to:
• determine a likelihood of whether each of the plurality of home devices will fail within a projected future time period based upon the collected home telematics data, the projected future time period occurring subsequent to the initial time period;
• determine whether each respective determined likelihood exceeds a threshold likelihood;
• and
• for each determined likelihood that exceeds the threshold likelihood, transmit each determined likelihood that exceeds the threshold likelihood and one or more recommendations to reduce each determined likelihood below the threshold likelihood to a computing device associated with a customer having purchased the home warranty, thereby causing the computing device to display each determined likelihood that exceeds the threshold likelihood and the one or more recommendations;
• and
• in response to each of the respective determined likelihoods that does not exceed the threshold likelihood:
• cause the at least one transceiver to collect additional home telematics data from the electricity monitoring hardware device over a subsequent time period, the additional home telematics data being indicative of electricity consumption of the plurality of home devices during the subsequent time period,
• redetermine the likelihood of whether each of the plurality of home devices will fail within the projected future time period based upon the additional home telematics data,
• and
• for each redetermined likelihood that exceeds the threshold likelihood, cause the at least one transceiver to transmit each respective redetermined likelihood that exceeds the threshold likelihood and [[the]] one or more second recommendations configured to reduce each redetermined likelihood below the threshold likelihood to the computing device, thereby causing the computing device to display each redetermined likelihood that exceeds the threshold likelihood and the one or more second recommendations.

A tangible, non-transitory, computer-readable medium storing instructions that, when executed by one or more processors, cause the one or more processors to be configured to:

• collect home telematics data over an initial time period from an electricity monitoring hardware device including a processor removably positioned adjacent or affixed to and in operative communication with an existing electrical distribution board, the electricity monitoring hardware device configured to simultaneously and continuously monitor electricity delivered from the existing electrical distribution board to a plurality of home devices covered by a home warranty, correlate, simultaneously and continuously, detected unique electrical signatures from the monitored electricity to each of the plurality of home devices, and generate the home telematics data from the monitored electricity delivered as correlated with each of the plurality of home devices;
• determine a likelihood of whether each of the plurality of home devices will fail within a projected future time period based upon the collected home telematics data, the projected future time period occurring subsequent to the initial time period;
• determine whether each respective determined likelihood exceeds a threshold likelihood;
• for each determined likelihood that exceeds the threshold likelihood, transmit each determined likelihood that exceeds the threshold likelihood and one or more recommendations to reduce each determined likelihood below the threshold likelihood to a computing device associated with a customer having purchased the home warranty, thereby causing the computing device to display each determined likelihood that exceeds the threshold likelihood and the one or more recommendations;
• and
• respond to each of the respective determined likelihoods that does not exceed the threshold likelihood by:
• collecting additional home telematics data from the electricity monitoring hardware device data over a subsequent time period, the additional home telematics data being indicative of electricity consumption of the plurality of home devices during the subsequent time period;
• redetermining the likelihood of whether each of the plurality of home devices will fail within the projected future time period based upon the additional home telematics data;
• and
• for each redetermined likelihood that exceeds the threshold likelihood,
• transmitting each respective redetermined likelihood that exceeds the threshold likelihood and one or more second recommendations configured to reduce each redetermined likelihood below the threshold likelihood to the computing device, thereby causing the computing device to display each redetermined likelihood that exceeds the threshold likelihood and the one or more second recommendations.