INSURANCE QUOTING APPLICATION FOR HANDHELD DEVICE

• US 20120022896A1
• Filed: 07/22/2010
• Published: 01/26/2012
• Est. Priority Date: 07/22/2010
• Status: Active Grant

• Current Assignee: Applied Systems Incorporated
• Original Assignee: Webcetera L.P. (Applied Systems Incorporated)
• Inventors: Jayaram, Jaideep, Rao, Nagraj V.
• Granted Patent: US 8,275,640 B2
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A method of providing location-based insurance rate quotes and a system for implementing that method. The method comprises determining a property address proximate a mobile electronic device based on global positioning system signals received by the mobile electronic device, prompting a user of the mobile electronic device to input a name, requesting a determination of insurable property affiliated with the property address and the name, requesting an insurance rate quote for the insurable property, and receiving and displaying the insurance rate quote on the mobile electronic device.

Claims

1. A method of providing location-based insurance rate quotes, comprising:

determining a property address proximate a mobile electronic device based on global positioning system signals received by the mobile electronic device;

prompting a user of the mobile electronic device to input a name;

requesting a determination of insurable property affiliated with the property address and the name;

requesting an insurance rate quote for the insurable property; and

receiving and displaying the insurance rate quote on the mobile electronic device.

2. The method of claim 1, further comprising prompting the user of the mobile electronic device to select from the one or more insurance rate quotes.

3. The method of claim 2, further comprising prompting the user of the mobile electronic device to input contact information permitting an insurance agent to contact the user regarding the one or more insurance rate quote selected.

4. The method of claim 3, further comprising prompting the user of the mobile electronic device to select a category of insurable property.

5. The method of claim 4, further comprising requesting verification by the user of the mobile electronic device that the property address is correct.

6. The method of claim 5, further comprising requesting verification by the user of the mobile electronic device that the insurable property is correct.

7. The method of claim 1, further comprising requesting the determination of insurable property affiliated with the property address using at least one of registration records and property tax records.

8. The method of claim 1, further comprising requesting conversion of latitude and longitude coordinates received from a global positioning system receiver of the mobile electronic device into the property address.

9. The method of claim 1, further comprising prompting the user of the mobile electronic device to input one or more characteristics of the insurable property.

10. A computer readable medium tangibly embodying instructions which, when executed by a processor, implement a process comprising:

determining a property address proximate a mobile electronic device using based on global positioning system signals received by the mobile electronic device;

prompting a user of the mobile electronic device to input a name;

requesting a determination of insurable property affiliated with the property address and the name;

requesting one or more insurance rate quotes for the insurable property; and

receiving and displaying the one or more insurance rate quotes on the mobile electronic device.

11. The computer readable medium of claim 10, further comprising prompting the user of the mobile electronic device to select from the one or more insurance rate quotes.

12. The computer readable medium of claim 11, further comprising prompting the user of the mobile electronic device to input contact information permitting an insurance agent to contact the user regarding the one or more insurance rate quotes selected.

13. The computer readable medium of claim 12, further comprising prompting the user of the mobile electronic device to select at least one category of insurable property.

14. The computer readable medium of claim 13, further comprising requesting verification by the user of the mobile electronic device that the property address and the insurable property are correct.

15. The computer readable medium of claim 10, further comprising requesting the determination of insurable property affiliated with the property address using at least one of registration records and property tax records.

16. The computer readable medium of claim 10, further comprising requesting conversion of latitude and longitude coordinates received from a global positioning system receiver of the mobile electronic device into the property address.

17. The computer readable medium of claim 10, further comprising prompting the user of the mobile electronic device to input one or more characteristics of the insurable property.

18. A location-based insurance rate quote system, comprising:

a location module executable by a processor, the location module configured to determine a property address proximate a mobile electronic device;

an insurable property module executable by a processor, the insurable property module configured to determine insurable property affiliated with the property address and a name of a user of the mobile electronic device;

a rate quote module executable by a processor, the rate quote module configured to request an insurance rate quote for the insurable property from a plurality of insurance companies and to transmit the plurality of insurance rate quotes to the mobile electronic device for display thereon.

19. The system of claim 18, further comprising a memory operably coupled to the processor, the memory configured to store at least one of location data from the location module, insurable property and name data from the insurance property module, and insurance rate quote data from the rate quote module.

20. The system of claim 18, further comprising a memory having the location module, the insurable property module, and the rate quote module stored therein.