METHOD AND SYSTEM FOR PROVIDING QUOTES TO REPLACE INSURED ITEMS

• US 20080177581A1
• Filed: 07/23/2007
• Published: 07/24/2008
• Est. Priority Date: 12/08/2000
• Status: Abandoned Application

• Current Assignee: Replacement Services LLC
• Original Assignee: Replacement Services LLC
• Inventors: Artinger, Charles Kurt
• Application Number:
  US11/781,675
• Publication Number:
  US 20080177581A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A web-based method for identifying items to replace insured items includes receiving item specification information from at least one of a user, a manufacturer, a distributor, a system administrator, and an authorizing agent, and utilizing a server to compare the received specification information with pre-stored information. The method also includes selecting at least one item which matches the received specification information and downloading information to the user related to the item to provide a replacement quotation.

Claims

1. A method for replacing insured items using a web-based system including a server and at least one device connected to the server via a network, said method comprising the steps of:

receiving at the server, from an insurer, specification information about the item to be replaced;

comparing the received item specification information with potential replacement product information pre-stored within at least one of the server and a database;

selecting at least one potential replacement product which substantially matches the received item specification information;

downloading item feature information, product accessory information, and a price quote related to the selected potential replacement product; and

determining a settlement price for the insured item based on at least one of the potential replacement products, whose information was downloaded.

2. A method in accordance with claim 1 further comprising:

pre-approving by the insurer at least one of;

at least one of the potential replacement products, whose information was downloaded; and

the settlement price for the insured item;

if pre-approving by the insurer of the settlement price for the insured item then;

receiving a user selection representing at least one of a compatible product and a cash-out option based on the settlement price approved by the insurer; and

if pre-approving by the insurer of at least one of the potential replacement products then;

providing the downloaded item feature information to the insured user; and

prompting the insured user to select at least one replacement item from the downloaded information.

3. A method in accordance with claim 1 wherein selecting at least one potential replacement product which substantially matches the received item specification information comprises selecting at least one potential replacement product that is at least one of a component or an assembly of components.

4. A method according to claim 1 wherein providing the downloaded item feature information to the insured user comprises providing a settlement price to the insured user, wherein the settlement price is based on the selected potential replacement quotes.

5. A method according to claim 1 further comprising guiding the user to a compatible product which substantially matches the received item specification information.

6. A method in accordance with claim 1 further comprising receiving a user selection representing a compatible product.

7. A method in accordance with claim 1 wherein said step of selecting at least one potential replacement product comprises selecting at least one one potential replacement product which substantially matches the received item specification information for each insured item of a claim.

8. A method in accordance with claim 1 further comprising maintaining an event log including actions taken on behalf of at least one of the insured user and the insurer.

9. A method in accordance with claim 1 wherein receiving specification information about the item further comprises comparing the item specification information with pre-stored information.

10. A method in accordance with claim 1 wherein receiving specification information about the item further comprises using the item specification information to download information related to products which substantially match the item specification information.

11. A system for facilitating selection of an item by an insured user to replace an insured item of the insured user, said system comprising:

a device; and

a server coupled to said device, said server configured to receive specification information data from an insurer about the item to be replaced via said device, wherein the specification information includes at least one of a feature of the item, an accessory of the item, and a price quote, said server further configured to;

identify stored product information data that substantially matches item specification information data entered into the server;

download potential replacement product information; and

determine a settlement price for the insured item based on at least one of the potential replacement products, whose information was downloaded.

12. A system in accordance with claim 11 wherein said server further configured to:

prompt the insured user to pre-approve at least one of;

at least one of the potential replacement products, whose information was downloaded;

or

the settlement price for the insured item;

if the insured user pre-approves the settlement price for the insured item, then said server configured to;

receive a user selection representing at least one of a compatible product and a cash-out option based on the settlement price approved by the insurer; and

if the insured user pre-approves at least one of the potential replacement products, then said server further configured to;

provide the downloaded item feature information to the insured user; and

prompt the insured user to select at least one replacement item from the downloaded information.

13. A system in accordance with claim 11 wherein said server further configured to prompt the insurer to pre-approve a settlement price for the insured item based on at least one of the potential replacement products, whose information was downloaded.

14. A system in accordance with claim 11 wherein said server further configured to prompt a user to assemble stored product information data into at least one compatible replacement product.

15. A system in accordance with claim 11 wherein said server further configured to display to the user a compatible product which substantially matches the received item specification information.

16. A system in accordance with claim 11 wherein said server further configured to receive from a user a selection representing a compatible product, wherein said selection is at least one of a component and an assembly of components.

17. A system in accordance with claim 11 wherein said server further configured to provide potential replacement product information for each item of a claim.

18. A system in accordance with claim 11 wherein said server further configured to generate an events log including actions taken on behalf of at least one of the insured user and the insurer.

19. A system in accordance with claim 11 wherein said server further configured to compare the item specification information entered with pre-stored information.

20. A system in accordance with claim 11 wherein said server further configured to download potential replacement product information, wherein the potential replacement product is available for sale at the time of the download.