Method of administrating insurance coverage for multi tasks building projects
First Claim
1. A method of administrating a builders risk insurance program with a computer system that includes a central computer that is accessible from a remote terminal and which comprises the steps of:
- (a) entering master insurance policy data that includes a plurality of building parameters into the central computer database from which data premiums may be computed for specific building projects of a designated builder, (b) the designated builder entering data on a specific building project into the computer system from the remote terminal, (c) computing the insurance premium for the project and displaying the premium at the remote terminal; and
(d) the builder initiating insurance coverage for the building project by acceptance entry from the remote terminal.
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Accused Products
Abstract
A method of administrating a builders risk insurance program with a computer system wherein builders may initiate coverage for individual building projects as they are begun from remote terminals by entering data on each project into the computer system which then computes and displays premium information based on previously master policy entered data. A method by which a builder initiates builders risk insurance is disclosed. A method by which a provider of builders risk insurance enables builders to initiate builders risk coverage for specific projects.
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Citations
25 Claims
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1. A method of administrating a builders risk insurance program with a computer system that includes a central computer that is accessible from a remote terminal and which comprises the steps of:
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(a) entering master insurance policy data that includes a plurality of building parameters into the central computer database from which data premiums may be computed for specific building projects of a designated builder, (b) the designated builder entering data on a specific building project into the computer system from the remote terminal, (c) computing the insurance premium for the project and displaying the premium at the remote terminal; and
(d) the builder initiating insurance coverage for the building project by acceptance entry from the remote terminal. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for a construction builder having a plurality of construction projects to initiate and monitor builders risk insurance with a central computer system accessible from a remote terminal, comprising the steps of:
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(a) a construction builder obtaining a blanket coverage builders risk insurance policy from an insurance provider and reflected in a central computer database of insurance policy terms from which insurance premiums may be computed for specific building projects of the builder;
(b) the builder entering data on a specific building project into the computer database from a remote terminal;
(c) computing the insurance premium for the specific building project; and
(d) the builder initiating insurance coverage for the specific building project by acceptance entry from the remote terminal. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15, 16)
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17. A method for a provider of builders risk insurance to insure a plurality of building construction projects by a plurality of construction builders with the builders risk insurance for a particular project initiated by the construction builder accessing a central computer system from a remote terminal, comprising the steps of:
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(a) providing a blanket coverage builders risk insurance policy for at least one construction builder as reflected in a central computer database of insurance policy terms from which insurance premiums may be computed for specific building projects of the builder;
(b) the builder entering data on a specific building project into the computer database from a remote terminal;
(c) computing the insurance premium for the specific building project; and
(d) the builder initiating insurance coverage for the specific building project by acceptance entry from the remote terminal. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24, 25)
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Specification