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Method of determining potential for repair services in a geographic area

  • US 20040044549A1
  • Filed: 08/30/2002
  • Published: 03/04/2004
  • Est. Priority Date: 08/30/2002
  • Status: Abandoned Application
First Claim
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1. A method of determining the market value of a repair service on an insured article comprising the steps of:

  • (a) determining the likelihood (L) of filing an insurance claim on insured articles in a geographic area;

    (b) determining a dollar value (V) for an insurance claim on the article in the geographic area;

    (c) determining a quantity factor (Q) related to the quantity of the articles in the geographic area;

    (d) determining the potential sales value (S) of insurance claims on the articles in the geographic area based on (a), (b) and (c).

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