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System and method for determining a warranty price

  • US 20030115158A1
  • Filed: 12/19/2001
  • Published: 06/19/2003
  • Est. Priority Date: 12/19/2001
  • Status: Abandoned Application
First Claim
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1. A computer based method for determining a price associated with a warranty for equipment in a transaction, including:

  • establishing an identifier associated with the equipment;

    establishing a first set of warranty characteristics;

    determining a baseline premium based on the identifier and the first set of warranty characteristics;

    establishing a second set of warranty characteristics;

    determining at least one modifier as a function of the second set of warranty of characteristics; and

    , modifying the baseline premium as a function of the at least one modifier to determine the warranty price.

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