US 8,788,301 B1Granted

Parts valuation and use

AssigneeAllstate Insurance Company

InventorsClint J. Marlow, Robert L. Trinco, John A. Riggio

Life of this patent

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Abstract

Systems, methods apparatuses, and computer-readable media for analyzing vehicle accident claim information from a vehicle that is deemed a total loss, as well as historical data, to determine whether one or more parts from the vehicle are available for reuse is presented. In some examples, aspects may also relate to determining whether the parts available for reuse should be stored by the entity using the system (e.g., the insurance company) for future use in the repair of other vehicles, such as other vehicles insured by the insurance company, or should be sold. The determination to store or sell the part may be based, at least in part, on historical data of the entity.

Claims20

Dependent claims

A parts management system, comprising:

a processing unit comprising a processor;
and
a memory unit storing computer-executable instructions, which when executed by the processing unit, cause the parts management system to:
receive, by a claim server of an entity, claim information including notice of damage to a vehicle associated with entity, the vehicle having a plurality of parts;
determine, by the claim server, that the vehicle is a total loss;
based on the received claim information and the determination that the vehicle is a total loss, identify, by a parts management server of the entity, that at least one part is available for reuse;
access, by the parts management server, historical data to determine whether the at least one part matches an identified need of the entity based on one or more historical data parameters;
upon determining that the at least one part matches the identified need, determine whether a likelihood that the at least one part will be reused within a predetermined period of time is at or above a predetermined threshold;
upon determining that the likelihood that the at least one part will be reused within a predetermined period of time is at or above the threshold, execute instructions to store the at least one part for reuse;
and
upon determining that the likelihood that the at least one part will be reused within a predetermined period of time is below the threshold, execute instructions to sell the at least one part.

8 more elements

Dependencies are inferred from the claim text.

Facts

Application: 13/798,975Filed 13 Mar 2013
Granted: 22 Jul 2014
Term ends: Not estimatedThe source records don’t support an estimate.

Classification8 codes

G06Q 40/08
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: insurance
G06Q 10/10
Administration; Management: office automation; Time management
G06Q 10/30
Administration; Management: administration of product recycling or disposal
Y02W 90/00
Enabling technologies or technologies with a potential or indirect contribution to greenhouse

Family

No related US applications are recorded in the indexed filing history.

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