Business method for insurance, warranty or mutual company coverage on concrete, asphalt, brick, stucco, block and stone

• US 20080281642A1
• Filed: 05/07/2008
• Published: 11/13/2008
• Est. Priority Date: 05/08/2007
• Status: Abandoned Application

• Current Assignee: Marcia Denise Zimmerman
• Original Assignee: Marcia Denise Zimmerman
• Inventors: Zimmerman, Steven Michael
• Application Number:
  US12/151,525
• Publication Number:
  US 20080281642A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G06Q 50/16 Real estate

Abstract

This is a business method for concrete coverage insurance and warranty or service contracts for home or business owners calculated by figuring the square footage of an area. The premium is figured by demographics with deductibles in place for high or low loss. Policy duration will be determined by experience of loss, but for the time being, will last for five (5) years and will be transferable. This is possible using all the technology an insurance company has to offer in the industry today with inspections on an annual basis. This will be coverage that is not now written by any company. It is a valuable business asset to a concrete company in the business of repair and new and replacement concrete. The trained inspector will catch problems before they become major structural problems. At the same time, the company will be training property owners on loss prevention and maintaining their concrete. This business method of calculating a premium with fixed deductibles will leave a customer knowing his costs and will show how insurance companies can figure premiums.

Claims

I. I. To provide a business method of insuring warranty and service contracts on concrete, asphalt, brick, stucco, block and stone.

II. II. Establish a premium by demographic areas. Different regions of the country will vary in the types of settlement problem prone to that area.

III. III. Early detection of problems with regard to steel piering, slab jacking and void filling will be a key factor in reducing overall costs.