Method and apparatus for insuring multiple unit dwellings
First Claim
1. A method for insuring an apartment or multi-unit dwelling unit comprising:
- a. inputting into a computer processor a data base of sufficient building physical information and the number of units in the apartment complex or multi-unit dwelling complex to qualify the complex for fire insurance coverage, b. inputting into a computer processor sufficient tenant data to qualify the complex for single renter insurance coverage, c. computer qualifying the apartment or multi-unit dwelling via an algorithm processing the building physical information and the tenant data for tenant insurance covering the building owner from unintentional damage caused by the tenant from fire, smoke, explosions, water damage, or negligence injuries by the tenant caused to third parties pursuant to predetermined insurability criteria, d. computer generating a base rate charge for the tenant insurance based on the building physical information and number of units in the complex, e. issuing tenant insurance covering the building owner of the complex, and f. billing the owner for the tenant insurance coverage.
3 Assignments
0 Petitions
Accused Products
Abstract
A method and apparatus for insuring both the owner and tenants within an apartment or multi-unit dwelling comprising: inputting into a computer processor a data base of building physical information, occupancy information, and tenant rental information; inputting into the computer processor an insurance qualification program for tenant insurance covering both the building owner and tenant from unintentional damage caused by the tenant from fire, smoke, explosions, water damage, or negligence injuries by the tenant caused to third parties pursuant to predetermined insurability criteria; qualifying the building for tenant and owner occupancy insurance, and computer translating and generating insurance coverage for the building owner based on the number of units in the building and insurance coverage limits desired, and billing the owner for renter'"'"'s single interest insurance.
42 Citations
38 Claims
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1. A method for insuring an apartment or multi-unit dwelling unit comprising:
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a. inputting into a computer processor a data base of sufficient building physical information and the number of units in the apartment complex or multi-unit dwelling complex to qualify the complex for fire insurance coverage, b. inputting into a computer processor sufficient tenant data to qualify the complex for single renter insurance coverage, c. computer qualifying the apartment or multi-unit dwelling via an algorithm processing the building physical information and the tenant data for tenant insurance covering the building owner from unintentional damage caused by the tenant from fire, smoke, explosions, water damage, or negligence injuries by the tenant caused to third parties pursuant to predetermined insurability criteria, d. computer generating a base rate charge for the tenant insurance based on the building physical information and number of units in the complex, e. issuing tenant insurance covering the building owner of the complex, and f. billing the owner for the tenant insurance coverage. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 36, 37, 38)
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12. A method for insuring an apartment or multi-unit dwelling unit comprising:
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a. inputting into a computer processor a data base of relevant building physical information about the apartment complex or multi-unit dwelling complex such as the full name of the insured, the mailing addresses of the building units, the number of buildings and units, the fire insurance policy on the building and rating by the four basic types of construction recognized in fire insurance coverage b. inputting into a computer relevant occupancy information about the apartment or multi-unit dwelling complex, such as the total number of units occupied by tenants, and the total number of units vacant at the last reporting period. c. inputting into a computer relevant tenant rental information, such as lease agreement requirements, the limits of coverage, a credit report on the tenant coded to meet legal confidentiality requirements, a criminal background check of the tenant, and a character reference check of the tenant to verify his past tenant conduct, g. computer qualifying the apartment or multi-unit dwelling via an algorithm processing the building physical information and the tenant data for tenant insurance covering the building owner from unintentional damage caused by the tenant from fire, smoke, explosions, water damage, or negligence injuries by the tenant caused to third parties pursuant to predetermined insurability criteria, h. computer generating a base rate charge for the tenant insurance based on the building physical information and number of units in the complex, and the limits of coverage, issuing tenant insurance covering the building owner of the complex, and billing the owner for the tenant insurance coverage. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29)
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30. A method for insuring an apartment or multi-unit dwelling unit comprising:
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a. inputting into a computer processor a data base of relevant building physical information about the apartment complex or multi-unit dwelling complex such as the full name of the insured, the mailing addresses of the building units, the number of buildings and units, the fire insurance policy on the building and rating by the four basic types of construction recognized in fire insurance coverage b. inputting into a computer relevant occupancy information about the apartment or multi-unit dwelling complex, such as the total number of units occupied by tenants, and the total number of units vacant at the last reporting period. c. inputting into a computer relevant tenant rental information, such as lease agreement requirements, the limits of coverage, a credit report on the tenant coded to meet legal confidentiality requirements, a criminal background check of the tenant, and a character reference check of the tenant to verify his past tenant conduct, d. computer qualifying the apartment or multi-unit dwelling via an algorithm processing the building physical information and the tenant data for tenant insurance covering the building owner from unintentional damage caused by the tenant from fire, smoke, explosions, water damage, or negligence injuries by the tenant caused to third parties pursuant to predetermined insurability criteria, e. computer qualifying the tenant for insurance covering unintentional damage to the tenant'"'"'s personal property after the apartment or multi-unit dwelling is qualified for tenant insurance, f. computer generating a base rate charge for the tenant insurance based on the building physical information and number of units in the complex, and the limits of coverage, issuing tenant insurance covering the building owner of the complex from for replacement cost caused by unintentional tenant damage, and the tenant with a pre-set amount of actual cash value covering unintentional damage to the tenant'"'"'s personal property, and g. billing the owner and the tenant for this insurance coverage. - View Dependent Claims (32)
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33. An apparatus for insuring an apartment or multi-unit dwelling unit comprising:
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a. input means, b. storage means into which is inputted from the input means a data base of i. sufficient building physical information about the apartment complex or multi-unit dwelling complex and number of units to qualify the complex for fire insurance coverage, ii. sufficient tenant data to qualify the complex for renter'"'"'s single interest insurance coverage, iii. a sorting and matching program to computer process the data bases by heuristic matching of non-corresponding sequences to generate a working data base of uninsured tenants and units to a pre-determined high degree of reliability, c. a computer processor associated with the storage means data base to;
i. qualify the apartment or multi-unit dwelling unit for tenant occupancy insurance to protect the landowner from unintentional damage caused by fire, smoke, explosions, water damage, or negligence injuries caused by the tenant, and to calculate the insurance rates based on tenant occupancy, ii. generate a base rate charge for the tenant insurance based on the building physical information and number of units in the complex, and iii. issue tenant insurance covering the unit, and billing the owner for the tenant insurance coverage; and
d. an interactive display terminal operably associated with and activated by the computer processor to display insurance rates and allow interested parties to purchase tenant occupancy insurance. - View Dependent Claims (34, 35)
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Specification