Coverage at a glance

• US 10,163,161 B1
• Filed: 12/20/2013
• Issued: 12/25/2018
• Est. Priority Date: 04/15/2008
• Status: Active Grant

• Current Assignee: United Services Automobile Association
• Original Assignee: United Services Automobile Association
• Inventors: Hopkins, John C.
• Primary Examiner(s): Rankins, William E
• Application Number:
  US14/136,441
• Time in Patent Office: 1,831 Days
• Field of Search: 705 4, 705 2, 705 38, 705 1, 705 11, 463 1, 273292, 273302
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A graphical representation is provided that displays a user'"'"'s insurance coverage via the graphical representation, the user may request information about various aspects of the coverage and/or may request to chat or speak with a representative that specializes in a particular coverage area. The graphical representation may show how the user'"'"'s insurance coverage compares to population groups and medians. A user may adjust the coverage on the graphical representation and be provided with a revised premium amount. The user may select this coverage to be implemented and the user'"'"'s policy may be appropriately revised.

Claims

1. A non-transitory computer-readable storage medium comprising computer-readable instructions for insurance policy coverage, which when executed by a processor-based device, cause the processor-based device to:

based on input from an institution system, determine coverage information pertaining to an insurance policy for a user, the coverage information comprising a coverage element an associated coverage amount and an associated premium;

determine a median coverage of the coverage element, the median coverage based on a plurality of policy holders;

determine a recommended coverage amount of the coverage element; and

render a graphical user interface to be displayed to the user, the graphical user interface comprising;

a graphical representation indicative of the recommended coverage amount and the median coverage;

a user input configured to enable the user to provide an adjustment to the associated coverage amount;

an associated coverage amount indicator displayed in proximity to the graphical representation; and

a premium display indicative of the associated premium, wherein the premium display is configured to dynamically adjust the associated premium in response to an input received at the user input.

2. The non-transitory computer-readable storage medium of claim 1, wherein the adjustment to the associated coverage amount comprises an adjustment to a deductible associated with the coverage element.

3. The non-transitory computer-readable storage medium of claim 1, the instructions further causing the processor-based device to:

revise the associated premium to generate a revised premium; and

provide from the institution system the revised premium via the premium display of the graphical user interface.

4. The non-transitory computer-readable storage medium of claim 3, the instructions further causing the processor-based device to:

receive, from the user, an additional adjustment to the coverage amount for the coverage element;

revise the revised premium to generate an additional revised premium; and

provide the additional revised premium to the user via the premium display of the graphical user interface.

5. The non-transitory computer-readable storage medium of claim 3, the instructions further causing the processor-based device to receive an instruction from the user to update the insurance policy based on the revised premium.

6. The non-transitory computer-readable storage medium of claim 5, the instructions further causing the processor-based device to:

update the insurance policy responsive to receiving the instruction from the user; and

provide the user with an updated insurance policy.

7. An insurance policy coverage system, comprising:

a processor; and

a memory having instructions, which when executed by the processor, cause the processor to;

based on input from an institution system, determine coverage information pertaining to an insurance policy for a user, the coverage information comprising a coverage element, an associated coverage amount, and an associated premium;

determine a median coverage of the coverage element, the median coverage based on a plurality of policy holders;

determine a recommended coverage amount of the coverage element; and

render a graphical user interface to be displayed to the user, the graphical user interface comprising;

a graphical representation indicative of the recommended coverage amount and the median coverage;

a user input configured to enable the user to provide an adjustment to the associated coverage amount;

an associated coverage amount indicator displayed in proximity to the graphical representation; and

a premium display indicative of the associated premium, wherein the premium display is configured to dynamically adjust the associated premium in response to an input received at the user input.

8. The system of claim 7, wherein the adjustment to the coverage amount comprises an adjustment to a deductible associated with the coverage element.

9. The system of claim 7, the instructions further causing the processor to:

revise the associated premium to generate a revised premium; and

provide from the institution system the revised premium via the premium display of the graphical user interface.

10. The system of claim 9, the instructions further causing the processor to:

receive, from the user, an additional adjustment to the coverage amount for the coverage element;

revise the revised premium, to generate an additional revised premium; and

provide the additional revised premium to the user via the premium display of the graphical user interface.

11. The system of claim 9, the instructions further causing the processor to receive an instruction from the user to update the insurance policy based on the revised premium.

12. The system of claim 11, the instructions further causing the processor to update the insurance policy responsive to receiving the instruction from the user, and provide the user with an updated insurance policy.