METHOD AND SYSTEM FOR MITIGATING RISK IN ISSUING WIND ONLY INSURANCE

• US 20090204444A1
• Filed: 02/03/2009
• Published: 08/13/2009
• Est. Priority Date: 02/08/2008
• Status: Abandoned Application

• Current Assignee: Honeywell International Inc.
• Original Assignee: Honeywell International Inc.
• Inventors: Tucker, Ricky G., Moore, Frank O., Reinhard, Laura
• Application Number:
  US12/365,032
• Publication Number:
  US 20090204444A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: E04D 11/02 Build-up roofs, i.e. consisting of two or more layers bonded together in situ, at least one of the layers being of watertight composition gravelling of flat roofs E04D7/00; venting or ventilation E04D13/17
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A method for mitigating risk in issuing wind only insurance comprising: submitting a request for the wind only insurance; determining if a building complies with a predetermined set of parameters; if a compliant material was used in constructing the building, authorizing the request for wind only insurance; and issuing the wind only insurance.

Claims

1. A method for mitigating risk in issuing wind only insurance comprising:

submitting a request for said wind only insurance;

determining if a building complies with a predetermined set of parameters;

if a compliant material was used in constructing said building, authorizing said request for wind only insurance; and

issuing said wind only insurance.

2. The method according to claim 1, further comprising:

if a non-compliant material was used in constructing said building, arranging for a site visit.

3. The method according to claim 2, further comprising:

after arranging for a site visit, undertaking an analysis of any said building;

optionally, selecting a compliant material; and

installing of said compliant material.

4. The method according to claim 1, wherein said predetermined set of parameters comprises the installation of a wind uplift resistant foam.

5. The method according to claim 3, wherein said compliant material comprises a wind uplift resistant foam.

6. The method of claim 4 wherein said wind uplift resistant foam comprises a rigid closed cell foam comprises (a) a blowing agent, and (b) at least one compound selected from the group consisting of:

a polyurethane and/or a polyisocyanurate polymer or combinations thereof.

7. The method of claim 6, wherein said blowing agent is at least one selected from the group consisting of:

1,1-dichloro-1-fluoroethane(HCFC-141b);

1,1,1,2-tetrafluoroethane(HFC-134a);

1,1,1,2-tetrafluoroethane(HFC-134);

1-chloro-1,1-difluoroethane(HCFC-142b);

1,1,1,3,3-pentafluorobutane(HFC-365mfc);

1,1,1,2,3,3,3-heptafluoropropane(HFC-227ea);

difluoroethane(HCFC-142b);

1,1,1,3,3-pentafluoropropane(HFC-245fa), 1,1,1,2-tetrafluoroprop-1-ene(HFO-1234yf), 1,2,3,3,3-pentafluoroprop-1-ene(HFO-1225ye), 1-chloro-3,3,3-trifluoroprop-1-ene(HFO-1233zd), 1,1,1,3-tetrafluoroprop-1-ene(HFO-1234ze), 1,1,1,4,4,4-hexafluorobut-2-ene(HFO-1336mzzm(e) and HFO-1336mzzm(z)), water, formic acid, carbon dioxide, esters, chlorocarbons, ethers, fluoroethers and combinations of any of the foregoing.

8. The method of claim 7, wherein said blowing agent is selected from the group consisting of:

1,1,1,3,3-pentafluoropropane and 1,1,1,3,3-pentafluorobutane and mixtures thereof.

9. The method of claim 7, wherein said blowing agent is 1,1,1,3,3-pentafluoropropane.

10. The method of claim 6, wherein said foam comprises a compound selected from the group consisting of:

a co-blowing agent, a surfactant, a polymer modifier, a toughening agent, a colorant, a dye, a solubility enhancer, a rheology modifier, a plasticizing agent, a flammability suppressant, an antibacterial agent, a viscosity reduction modifier, a filler, a vapor pressure modifier, a nucleating agent, a catalyst and a combination thereof.

11. The method according to claim 1, wherein said request is submitted via an Internet application or paper application.

12. The method according to claim 1, further comprising:

prior to issuing said wind only insurance, undertaking a review to determine if all insurance standards are met.

13. A method for issuing wind only insurance comprising:

installing a building system;

confirming that said building system complies with a predetermined set of parameters; and

issuing said wind only insurance.

14. An integrated wind risk mitigation system comprising:

building insulation protection surfacing; and

wind only insurance.

15. The system of claim 14, wherein said building insulation protection surfacing comprises:

a wind risk mitigation product, and a building system.

16. The system of claim 15 wherein said wind risk mitigation product comprises a rigid closed cell foam comprises (a) a blowing agent, and (b) at least one compound selected from the group consisting of:

a polyurethane, a polyisocyanurate, a phenol, a thermoplastic polymer and combinations thereof.

17. The system of claim 16 wherein said blowing agent is at least one selected from the group consisting of:

1,1-dichloro-1-fluoroethane(HCFC-141b);

1,1,1,2-tetrafluoroethane(HFC-134a);

1,1,1,2-tetrafluoroethane(HFC-134);

1-chloro-1,1-difluoroethane(HCFC-142b);

1,1,1,3,3-pentafluorobutane(HFC-365mfc);

1,1,1,2,3,3,3-heptafluoropropane(HFC-227ea);

difluoroethane(HCFC-142b);

1,1,1,3,3-pentafluoropropane(HFC-245fa), 1,1,1,2-tetrafluoroprop-1-ene(HFO-1234yf), 1,2,3,3,3-pentafluoroprop-1-ene(HFO-1225ye), 1-chloro-3,3,3-trifluoroprop-1-ene(HFO-1233zd), 1,1,1,3-tetrafluoroprop-1-ene(HFO-1234ze), 1,1,1,4,4,4-hexafluorobut-2-ene(HFO-1336mzzm(e) and HFO-1336mzzm(z)), water, formic acid, carbon dioxide, esters, chlorocarbons, ethers, fluoroethers and combinations of any of the foregoing.

18. The system of claim 17, wherein said blowing agent is selected from the group consisting of:

1,1,1,3,3-pentafluoropropane and 1,1,1,3,3-pentafluorobutane and mixtures thereof.

19. The system of claim 17, wherein said blowing agent is 1,1,1,3,3-pentafluoropropane.

20. The system of claim 16, wherein said foam comprises a compound selected from the group consisting of:

a co-blowing agent, a surfactant, a polymer modifier, a toughening agent, a colorant, a dye, a solubility enhancer, a rheology modifier, a plasticizing agent, a flammability suppressant, an antibacterial agent, a viscosity reduction modifier, a filler, a vapor pressure modifier, a nucleating agent, a catalyst and a combination thereof.

21. Wind risk mitigation insurance product comprising:

a warranty against displacement of a building system from a wind uplift resistant material due to wind.

22. A computer readable storage media containing executable computer program instructions which when executed cause a processing system to perform a method for mitigating risk in issuing wind only insurance comprising:

receiving a request for said wind only insurance;

determining if a building complies with a predetermined set of parameters;

if a compliant material was used in constructing said building, authorizing said request for wind only insurance; and

issuing said wind only insurance.

23. The storage media according to claim 22, further comprising:

if a non-compliant material was used in constructing said building, arranging for a site visit.

24. The storage media according to claim 23, further comprising:

after arranging for a site visit, undertaking an analysis of any said building;

optionally, selecting a compliant material; and

installing of said compliant material.

25. The storage media according to claim 22, wherein said predetermined set of parameters comprises the installation of a wind uplift resistant foam.

26. The storage media according to claim 24, wherein said compliant material comprises a wind uplift resistant foam.