Insurance policy alterations using informatic sensor data

• US 10,121,207 B1
• Filed: 07/17/2017
• Issued: 11/06/2018
• Est. Priority Date: 10/04/2013
• Status: Active Grant

• Current Assignee: United Services Automobile Association
• Original Assignee: United Services Automobile Association
• Inventors: Devereaux, Ramsey, Franck, David S., Allen, Michael J., Wheeler, Daniela M., Read, Spencer, Uribe, Traci K., Jackson, Ina L., Swain, Kathleen L.
• Primary Examiner(s): Chang, Edward
• Application Number:
  US15/652,053
• Time in Patent Office: 477 Days
• Field of Search: 705 4
• CPC Class Codes: G06F 16/24 Querying
• CPC Class Codes: G06F 2218/12 Classification; Matching
• CPC Class Codes: G06Q 10/20 Administration of product repair or maintenance
• CPC Class Codes: G06Q 2220/00 Business processing using cryptography
• CPC Class Codes: G06Q 30/0215 Including financial accounts
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G06Q 50/163 Real estate management
• CPC Class Codes: G06V 20/17 taken from planes or by drones
• CPC Class Codes: G06V 20/176 Urban or other man-made structures
• CPC Class Codes: H04N 23/90 Arrangement of cameras or camera modules, e.g. multiple cameras in TV studios or sports stadiums

Abstract

A computer device and method for processing risk related data to affect changes to an insurance policy whereby one or more terms of an insurance policy associated with an insured and informatic data from a plurality of sensor devices are received by a computer processor. Analysis is performed on the received informatic data to determine a risk assessment value regarding the insured and/or other risks relevant to the insurance policy, such as a dwelling. Predefined business rules are then applied using at least the determined risk assessment value to determine if conditions have been met to allow or require modification of the insurance policy whereafter modification of one or more terms of the insurance policy is performed if the insurance policy associated with the insured permits modification.

Claims

1. A computer system for processing building condition data, comprising:

a memory configured to store instructions;

a processor disposed in communication with the memory, wherein the processor upon execution of the instructions is configured to;

receive building condition data from a plurality of building condition sensor devices associated with a building, wherein the plurality of building condition sensor devices comprises a structural sensor configured to collect data associated with the building'"'"'s structural elements;

upon the receiving building condition data from the structural sensor, determining a susceptibility value indicative of susceptibility of the building to incur damage;

upon the susceptibility value satisfying a threshold, generate an instruction configured to receive building condition data associated with the building'"'"'s structural conditions;

transmit the instruction to a camera sensor, wherein the camera sensor is configured to collect images associated with the building'"'"'s structural condition, wherein the instruction modifies a frequency of data capture associated with the camera sensor; and

modify at least one data record corresponding to an insurance policy of the building based on the susceptibility value.

2. The computer system as recited in claim 1,

wherein modification of the insurance policy is selected from the group consisting of reduction of an insurance deductible and elimination of an insurance deductible.

3. The computer system as recited in claim 2 wherein modification of an insurance deductible is applicable only to a certain insurance claim type.

4. The computer system as recited in claim 2, wherein modification of the insurance policy includes increasing coverage limits for one or more insurance claim types.

5. The computer system as recited in claim 1, wherein the received building condition data comprises building condition data received from more than one type of building condition sensor device.

6. The computer system as recited in claim 5, wherein the type of building condition sensor devices comprises more than one of following building condition detection sensor devices:

temperature;

humidity;

gas;

smoke;

water pressure;

water flow;

wind speed;

air pressure;

electrical system;

structural;

environmental; and

camera.

7. The computer system as recited in claim 1, wherein the processor is further configured to:

compare an image received from the camera sensor with a previous image stored in a database, wherein both the image received from the camera and the previous image are associated with building condition data.

8. The computer system as recited in claim 7, wherein the previous image is provided by a user associated with the dwelling.

9. The computer system as recited in claim 1, wherein the instruction to a camera sensor comprises an instruction for an immediate capturing of an image associated with the building condition.

11. The sensor system as recited in claim 1, wherein

modification of the insurance policy is selected from the group consisting of reduction of an insurance deductible and elimination of an insurance deductible.

12. The sensor system as recited in claim 11 wherein modification of an insurance deductible is applicable only to a certain insurance claim type.

13. The sensor system as recited in claim 11, wherein modification of the insurance policy includes increasing coverage limits for one or more insurance claim types.

10. A sensor system for capturing data, the system comprising:

a plurality of sensor devices each configured to capture a different attribute of a building, each sensor device having a transmitter with an associated IP address coupled to a wireless network for transmitting the captured data, wherein the plurality of sensor devices comprises a structural sensor configured to collect data associated with the building'"'"'s structural elements;

a data storage component wirelessly coupled to each of the plurality of sensors devices via the IP address of the transmitter for each of the sensor devices wherein the data storage component is configured to aggregate captured data regarding different attributes of the building received from each of the sensor devices;

a communication component coupled to the data storage component configured to encrypt and transmit the aggregated captured encrypted data via a network;

a computer server coupled to the communication device, via the network, and programmed to;

receive building condition data from a plurality of building condition sensor devices associated with a building, wherein the plurality of building condition sensor devices comprises a structural sensor configured to collect data associated with the building'"'"'s structural elements;

upon the receiving building condition data from the structural sensor, determining a susceptibility value indicative of susceptibility of the building to incur damage;

upon the susceptibility value satisfying a threshold, generate an instruction configured to receive building condition data associated with the building'"'"'s structural conditions;

transmit the instruction to a camera sensor, wherein the camera sensor is configured to collect images associated with the building'"'"'s structural condition, wherein the instruction modifies a frequency of data capture associated with the camera sensor; and

modify at least one data record corresponding to an insurance policy of the building based on the susceptibility value.

14. The sensor system as recited in claim 10, wherein the received building condition data comprises building condition data received from more than one type of building condition sensor device.

15. The sensor system as recited in claim 14, wherein the type of building condition sensor devices comprises more than one of following building condition detection sensor devices:

temperature;

humidity;

gas;

smoke;

water pressure;

water flow;

wind speed;

air pressure;

electrical system;

structural;

environmental; and

camera.

16. The sensor system as recited in claim 10, wherein the processor is further configured to:

compare an image received from the camera sensor with a previous image stored in a database, wherein both the image received from the camera and the previous image are associated with building condition data.

17. The sensor system as recited in claim 16, wherein the previous image is provided by a user associated with the dwelling.

18. The sensor system as recited in claim 10, wherein the instruction to a camera sensor comprises an instruction for an immediate capturing of an image associated with the building condition.