METHOD AND SYSTEM FOR THE CREATION AND DELIVERY TO A USER OF AN AUTOMATED, REAL TIME, ONLINE INSURANCE POLICY AND CERTIFICATE INSURANCE FOR RENTAL OF A VENUE AND/OR EQUIPMENT
First Claim
1. A computer implemented method of furnishing a real-time, self-binding, on-line bound policy for a venue insurance product for a user of such a venue, comprising:
- a) presenting to the user, via an electronic interface, prompted questions relating to venue and location, and at least one of activity to be undertaken at venue and duration of activity;
b) receiving from the user at a computing device, answers to the prompted questions;
c) searching attributes of the venue to form base data relating to said venue;
d) receiving rating information from a rating engine relating to at least one of;
venue and location, activity to be undertaken at venue, duration of activity and maximum benefits payable upon the occurrence of an insured event (limit selection); and
e) using base data and rating information to calculate insurance terms, an insurance quote and to create and issue insurance policy and Certificate of Insurance for the user, all without interaction with an insurance company agent or representative.
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Accused Products
Abstract
A method of furnishing a real-time, self-binding, on-line bound policy for a venue and rental equipment insurance product for a user of such a venue, comprises presenting to the user, via electronic interface, prompted questions relating to venue and location, and at least one of activity to be undertaken at venue and duration of activity; receiving from the user at a computing device, answers to the prompted questions; searching attributes of the venue in a base data relating to said venue; receiving rating information from a rating engine relating to at least one of: venue and location, activity to be undertaken at venue, duration of activity and maximum benefits payable upon the occurrence of an insured event (limit selection); and using base data and rating information to calculate insurance terms, an insurance quote and to create, issue electronically transmit insurance policy and certificate of insurance to computing device of user.
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Citations
30 Claims
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1. A computer implemented method of furnishing a real-time, self-binding, on-line bound policy for a venue insurance product for a user of such a venue, comprising:
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a) presenting to the user, via an electronic interface, prompted questions relating to venue and location, and at least one of activity to be undertaken at venue and duration of activity; b) receiving from the user at a computing device, answers to the prompted questions; c) searching attributes of the venue to form base data relating to said venue; d) receiving rating information from a rating engine relating to at least one of;
venue and location, activity to be undertaken at venue, duration of activity and maximum benefits payable upon the occurrence of an insured event (limit selection); ande) using base data and rating information to calculate insurance terms, an insurance quote and to create and issue insurance policy and Certificate of Insurance for the user, all without interaction with an insurance company agent or representative. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A computer implemented method for furnishing a real-time, self-binding, on-line bound property policy for an equipment rental dealer for a user of such equipment, comprising:
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a) presenting to the user, via an electronic interface, prompted questions relating to rented equipment and usage of equipment from a specified location, and at least one of activity to be undertaken with the equipment and duration of use; b) receiving from the user at a computing device, answers to the prompted questions; c) searching attributes of the equipment type to form base data relating to said equipment; d) receiving rating information from a rating engine relating to at least one of;
type of equipment, location of the equipment, activity to be undertaken with the equipment, duration of rental contract and maximum benefits payable upon the occurrence of an insured peril (replacement cost);e) using base data and rating information to calculate insurance terms, an insurance quote and to create and issue insurance policy and Certificate of Insurance for the user, all without interaction with an insurance company agent or representative. - View Dependent Claims (14, 15, 16, 17, 18, 19)
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20. A system for a creating self-binding insurance policy for a user of one or both of i) a desired venue and ii) desired equipment which comprises:
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a) an electronic interface for the user; b) a server for presenting to the user, via the electronic interface, prompted questions relating to at least one of i) desired venue and location, and at least one of activity to be undertaken at desired venue and duration of activity and ii) type of desired equipment to be rented, usage of desired equipment, activity to be undertaken with desired equipment and duration of use; and
to receive answers to the prompted questions;c) a searchable base data store; d) a searching means to search at least one of i) attributes of the desired venue in the data store and ii) attributes of the desired equipment in the data store; and e) a processor to receive information from a rating engine relating to at least one of;
desired venue and location, activity to be undertaken at desired venue, duration of activity, maximum benefits payable upon the occurrence of an insured event (limit selection), type of equipment, location of the equipment, activity to be undertaken with the equipment, duration of rental contract and maximum benefits payable upon the occurrence of an insured peril (replacement cost) and i) to calculate, using the base data and rating information, i) a quote for an insurance policy and ii) insurance terms thereby to create and issue insurance policy and Certificate of Insurance for the user, both i) and ii) without interaction with an insurance agent or customer service representative (CSR). - View Dependent Claims (21, 22, 23, 24, 25, 26, 27, 28, 29)
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30. A computer readable medium including at least computer program code for enabling the creation of a secure online, self-binding insurance policy for a user to use at least one of i) a venue and ii) equipment, said computer readable medium comprising computer program code for presenting to the user, via an electronic interface, prompted questions relating to at least one of:
- venue, location, activity to be undertaken at venue, duration of activity at venue, type of equipment, usage of equipment, activity to be undertaken with the equipment and duration of use of equipment;
computer program code for receiving from the user at a computing device, answers to the prompted questions;
computer program code for searching attributes of at least one of;
the venue and equipment type to form base data relating to at least one of said venue and said equipment; and
computer program code for receiving rating information from a rating engine relating to at least one of;
venue and location, activity to be undertaken at venue, duration of activity at venue, maximum benefits payable upon the occurrence of an insured event at venue (limit of insurance selection), type of equipment, location of the equipment, activity to be undertaken with equipment, duration of an equipment rental contract and maximum benefits payable upon the occurrence of an insured peril (replacement cost of equipment).
- venue, location, activity to be undertaken at venue, duration of activity at venue, type of equipment, usage of equipment, activity to be undertaken with the equipment and duration of use of equipment;
Specification