SYSTEMS AND METHODS FOR HOME INVENTORY AND INSURANCE

• US 20120095783A1
• Filed: 04/09/2011
• Published: 04/19/2012
• Est. Priority Date: 06/19/2009
• Status: Abandoned Application

• Current Assignee: HL Acquisition, Inc.
• Original Assignee: United Services Automobile Association
• Inventors: BUENTELLO, Andre Rene, BILLMAN, Bradly Jay, BENNETT, Gail Ann
• Application Number:
  US13/083,533
• Publication Number:
  US 20120095783A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A method of operating a home inventory and insurance system includes providing a processor, providing a home inventory database coupled to the processor, and providing an insurance database coupled to the processor. The method also includes receiving data related to an item purchased by a user, determining, using the processor and the insurance database, a policy cap for an insurance policy associated with the user, and determining, using the processor and the insurance database, that adding the item to the insurance policy will result in a value of items covered by the insurance policy exceeding the policy cap by a predetermined amount. The method further includes providing, using the processor, an insurance quote for an updated insurance policy having a new policy cap greater than or equal to the policy cap plus the predetermined amount.

Claims

1. A method of operating a home inventory and insurance system, the method comprising:

providing a processor;

providing a home inventory database coupled to the processor;

providing an insurance database coupled to the processor;

receiving data related to an item purchased by a user;

determining, using the processor and the insurance database, a policy cap for an insurance policy associated with the user;

determining, using the processor and the insurance database, that adding the item to the insurance policy will result in a value of items covered by the insurance policy exceeding the policy cap by a predetermined amount; and

providing, using the processor, an insurance quote for an updated insurance policy having a new policy cap greater than or equal to the policy cap plus the predetermined amount.

2. The method of claim 1 wherein the data is received from a merchant from which the item was purchased.

3. The method of claim 2 wherein the data is included in a receipt provided by the merchant.

4. The method of claim 1 wherein the data is received from a computing device of the user.

5. The method of claim 1 further comprising insuring the item under the updated insurance policy.

6. The method of claim 1 further comprising:

determining that a value of the item exceeds a predetermined threshold; and

providing, using the processor, an insurance quote for the item.

7. The method of claim 1 further comprising adding, using the processor, the item to the home inventory database.

8. A non-transitory computer-readable storage medium comprising a plurality of computer-readable instructions tangibly embodied on the computer-readable storage medium, which, when executed by a data processor, provide for operation of a home inventory and insurance system, the plurality of instructions comprising:

instructions that cause the data processor to receive data related to an item purchased by a user;

instructions that cause the data processor to determine, using an insurance database, a policy cap for an insurance policy associated with the user;

instructions that cause the data processor to determine, using an insurance database, that adding the item to the insurance policy will result in a value of items covered by the insurance policy exceeding the policy cap by a predetermined amount; and

instructions that cause the data processor to provide an insurance quote for an updated insurance policy having a new policy cap greater than or equal to the policy cap plus the predetermined amount.

9. The non-transitory computer-readable storage medium of claim 8 wherein the data is received from a merchant from which the item was purchased.

10. The non-transitory computer-readable storage medium of claim 9 wherein the data is included in a receipt provided by the merchant.

11. The non-transitory computer-readable storage medium of claim 8 wherein the data is received from a computing device of the user.

12. The non-transitory computer-readable storage medium of claim 8 further comprising instructions that cause the data processor to insure the item under the updated insurance policy.

13. The non-transitory computer-readable storage medium of claim 8 further comprising:

instructions that cause the data processor to determine that a value of the item exceeds a predetermined threshold; and

instructions that cause the data processor to provide an insurance quote for the item.

14. The non-transitory computer-readable storage medium of claim 8 further comprising instructions that cause the data processor to add the item to the home inventory database.

15. A home inventory and insurance system comprising:

a processor;

a home inventory database coupled to the processor;

an insurance database coupled to the processor; and

a communications module coupled to the processor and operable to receive data related to an item purchased by a user;

wherein the processor is operable to determine, using the insurance database, a policy cap for an insurance policy associated with the user;

wherein the processor is operable to determine, using the insurance database, that adding the item to the insurance policy will result in a value of items covered by the insurance policy exceeding the policy cap by a predetermined amount; and

an insurance engine operable to provide an insurance quote for an updated insurance policy having a new policy cap greater than or equal to the policy cap plus the predetermined amount.

16. The home inventory and insurance system of claim 15 wherein the data is received from a merchant from which the item was purchased.

17. The home inventory and insurance system of claim 15 wherein the data is received from a computing device of the user.

18. The home inventory and insurance system of claim 15 wherein the insurance engine is further operable to insure the item under the updated insurance policy.

19. The home inventory and insurance system of claim 15 wherein the processor is further operable to determine that a value of the item exceeds a predetermined threshold and the insurance engine is further operable to provide an insurance quote for the item.

20. The home inventory and insurance system of claim 15 further comprising a home inventory engine operable to add the item to the home inventory database.