Recommendation of insurance products based on an inventory analysis
First Claim
1. A non-transitory, computer-readable, storage medium having computer-executable program instructions stored thereon that, when executed by a processor of a server, cause the server at least to:
- receive one or more images or videos of a plurality of insured physically-owned items, wherein each of the plurality of insured physically-owned items is associated with a respective existing insurance coverage level, under an existing insurance policy;
analyze, using one or more of a blur filter, grey-scaling, optical recognition, or edge detection, the one or more images or videos to obtain at least an identification of the plurality of insured physically-owned items;
generate an inventory in a database, the inventory comprising at least the identification of the plurality of insured physically-owned items;
for each of the plurality of insured physically-owned items in the inventory, analyze information related to whether that insured physically-owned item is adequately covered by the respective existing insurance coverage level associated with that insured physically-owned item;
determine that a first insured physically-owned item, of the plurality of insured physically-owned items, is adequately covered by a respective existing insurance coverage level associated with the first insured physically-owned item by determining that a value of the first insured physically-owned item is less than the respective existing insurance coverage level associated with the first insured physically-owned item and that there is no deductible under the existing insurance policy for the first insured physically-owned item;
determine that a second insured physically-owned item, of the plurality of insured physically-owned items, is not adequately covered by a respective existing insurance coverage level associated with the second insured physically-owned item;
determine that an additional or alternative insurance product that adequately covers the second insured physically-owned item exists;
based on determining that the additional or alternative insurance product exists, determine details associated with the additional or alternative insurance product; and
transmit, via a network interface of the server and to a user device associated with the existing insurance policy, a message comprising a recommendation to obtain the additional or alternative insurance product, the recommendation comprising the details associated with the additional or alternative insurance product.
1 Assignment
0 Petitions
Accused Products
Abstract
Systems and methods may provide for generating, maintaining, and using an inventory for insurance purposes. An optimized inventory analysis server may generate and maintain user profile information for determining a demographic classification of each user associated with an inventory. A demographic classification for a given user may be used along with data related to items owned by other users to determine one or more items for recommendation to the given user. Details associated with existing insurance coverage levels may also be used to recommend new insurance products to the user. In addition, the optimized inventory analysis server may determine a depreciated value of each item within an inventory. These values may be used to assess loss and settle an insurance claim for damage to one or more of the items in the inventory.
106 Citations
20 Claims
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1. A non-transitory, computer-readable, storage medium having computer-executable program instructions stored thereon that, when executed by a processor of a server, cause the server at least to:
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receive one or more images or videos of a plurality of insured physically-owned items, wherein each of the plurality of insured physically-owned items is associated with a respective existing insurance coverage level, under an existing insurance policy; analyze, using one or more of a blur filter, grey-scaling, optical recognition, or edge detection, the one or more images or videos to obtain at least an identification of the plurality of insured physically-owned items; generate an inventory in a database, the inventory comprising at least the identification of the plurality of insured physically-owned items; for each of the plurality of insured physically-owned items in the inventory, analyze information related to whether that insured physically-owned item is adequately covered by the respective existing insurance coverage level associated with that insured physically-owned item; determine that a first insured physically-owned item, of the plurality of insured physically-owned items, is adequately covered by a respective existing insurance coverage level associated with the first insured physically-owned item by determining that a value of the first insured physically-owned item is less than the respective existing insurance coverage level associated with the first insured physically-owned item and that there is no deductible under the existing insurance policy for the first insured physically-owned item; determine that a second insured physically-owned item, of the plurality of insured physically-owned items, is not adequately covered by a respective existing insurance coverage level associated with the second insured physically-owned item; determine that an additional or alternative insurance product that adequately covers the second insured physically-owned item exists; based on determining that the additional or alternative insurance product exists, determine details associated with the additional or alternative insurance product; and transmit, via a network interface of the server and to a user device associated with the existing insurance policy, a message comprising a recommendation to obtain the additional or alternative insurance product, the recommendation comprising the details associated with the additional or alternative insurance product. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A method comprising:
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receiving, by a computing device, one or more images or videos of a plurality of insured physically-owned items, wherein each of the plurality of insured physically-owned items is associated with a respective existing insurance coverage level, under an existing insurance policy; analyzing, by the computing device using one or more of a blur filter, grey-scaling, optical recognition, or edge detection, the one or more images or videos to obtain at least an identification of the plurality of insured physically-owned items; generating, by the computing device, an inventory in a database, the inventory comprising at least the identification of the plurality of insured physically-owned items; for each of the plurality of insured physically-owned items in the inventory, analyzing, by the computing device, information related to whether that insured physically-owned item is adequately covered by the respective existing insurance coverage level associated with that insured physically-owned item; determining, by the computing device, that a first insured physically-owned item, of the plurality of insured physically-owned items, is adequately covered by a respective existing insurance coverage level associated with the first insured physically-owned item by determining that a value of the first insured physically-owned item is less than the respective existing insurance coverage level associated with the first insured physically-owned item and that there is no deductible under the existing insurance policy for the first insured physically-owned item; determining, by the computing device, that a second insured physically-owned item, of the plurality of insured physically-owned items, is not adequately covered by a respective existing insurance coverage level associated with the second insured physically-owned item; determining, by the computing device, that an additional or alternative insurance product that adequately covers the second insured physically-owned item exists; based on determining that the additional or alternative insurance product exists, determining, by the computing device, details associated with the additional or alternative insurance product; and transmitting, via a network interface of the computing device and to a user device associated with the existing insurance policy, a message comprising a recommendation to obtain the additional or alternative insurance product, the recommendation comprising the details associated with the additional or alternative insurance product. - View Dependent Claims (18, 19)
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20. A system, comprising:
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a mobile device, comprising a camera, wherein the mobile device is configured to capture, using the camera, one or more images or videos of a plurality of insured physically-owned items and transmit the one or more images or videos to a server; a database; and a server comprising a non-transitory, computer-readable, storage medium having computer-executable program instructions stored thereon that, when executed by a processor of the server, cause the server to; receive, from the mobile device, the one or more images or videos of the plurality of insured physically-owned items, wherein each of the plurality of insured physically-owned items is associated with a respective existing insurance coverage level, under an existing insurance policy; analyze, using one or more of a blur filter, grey-scaling, optical recognition, or edge detection, the one or more images or videos to obtain at least an identification of the plurality of insured physically-owned items; generate an inventory in the database, the inventory comprising at least the identification of the plurality of insured physically-owned items; for each of the plurality of insured physically-owned items in the inventory, analyze information related to whether that insured physically-owned item is adequately covered by the respective existing insurance coverage level; determine that a first insured physically-owned item, of the plurality of insured physically-owned items, is adequately covered by a respective existing insurance coverage level associated with the first insured physically-owned item by determining that a value of the first insured physically-owned item is less than the respective existing insurance coverage level associated with the first insured physically-owned item and that there is no deductible under the existing insurance policy for the first insured physically-owned item; determine that a second insured physically-owned item, of the plurality of insured physically-owned items, is not adequately covered by a respective existing insurance coverage level associated with the second insured physically-owned item; determine that an additional or alternative insurance product that adequately covers the second insured physically-owned item exists; based on determining that the additional or alternative insurance product exists, determine details associated with the additional or alternative insurance product; and transmit, via a network interface of the server and to a user associated with the existing insurance policy, a recommendation to obtain the additional or alternative insurance product, the recommendation comprising the details associated with the additional or alternative insurance product.
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Specification