SYSTEMS AND METHODS FOR VEHICLE RENTAL INSURANCE
First Claim
1. A method, implemented using a computing system, for managing vehicle rental insurance, the method comprising:
- defining a plurality of vehicle classes, wherein each vehicle class among the plurality of vehicle classes has a set of identifying characteristics;
receiving, by the computing system, information describing a rental price for each vehicle class of the plurality of vehicle classes;
computing, by the computing system, a plurality of premiums for rental insurance corresponding to the plurality of vehicle classes, wherein each premium among the plurality of premiums is based on the rental price for a respective vehicle class;
presenting to a user, by the computing system, an indication of the plurality of vehicle classes and the plurality of premiums; and
receiving from the user an indication of a selection of one of the plurality of vehicle classes.
2 Assignments
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Accused Products
Abstract
Exemplary embodiments provide systems, methods, and products that offer, characterize, price, and/or sell vehicle rental insurance coverage in terms of the type of vehicle, class of vehicle, or exact vehicle that the customer will obtain as a rental, instead of, or in addition to, a dollar limit per day and/or a dollar limit per incident. Various embodiments allow insurers to offer and calculate a premium price for, and/or allow consumers to choose and pay for, coverage specified according to the type of vehicle, class of vehicle, and/or exact vehicle desired as a rental replacement for an insured vehicle. Various embodiments also allow insurers to offer and calculate a premium price for, and allow consumers to choose and pay for, optional add-ons for the rental vehicle, such as a navigation system and/or a child safety seat.
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Citations
21 Claims
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1. A method, implemented using a computing system, for managing vehicle rental insurance, the method comprising:
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defining a plurality of vehicle classes, wherein each vehicle class among the plurality of vehicle classes has a set of identifying characteristics; receiving, by the computing system, information describing a rental price for each vehicle class of the plurality of vehicle classes; computing, by the computing system, a plurality of premiums for rental insurance corresponding to the plurality of vehicle classes, wherein each premium among the plurality of premiums is based on the rental price for a respective vehicle class; presenting to a user, by the computing system, an indication of the plurality of vehicle classes and the plurality of premiums; and receiving from the user an indication of a selection of one of the plurality of vehicle classes. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system for managing vehicle rental insurance, the system comprising:
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a memory containing instructions; and a processor, operably connected to the memory, that executes the instructions to perform operations comprising; defining a plurality of vehicle classes, wherein each vehicle class among the plurality of vehicle classes has a set of identifying characteristics; receiving information describing a rental price for each vehicle class of the plurality of vehicle classes; computing a plurality of premiums for rental insurance corresponding to the plurality of vehicle classes, wherein each premium among the plurality of premiums is based on the rental price for a respective vehicle class; presenting to a user an indication of the plurality of vehicle classes and the plurality of premiums; and receiving from the user an indication of a selection of one of the plurality of vehicle classes. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A non-transitory computer-readable medium including instruction that, when executed by a processor, perform operations comprising:
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defining a plurality of vehicle classes, wherein each vehicle class among the plurality of vehicle classes has a set of identifying characteristics; receiving information describing a rental price for each vehicle class of the plurality of vehicle classes; computing a plurality of premiums for rental insurance corresponding to the plurality of vehicle classes, wherein each premium among the plurality of premiums is based on the rental price for a respective vehicle class; presenting to a user an indication of the plurality of vehicle classes and the plurality of premiums; and receiving from the user an indication of a selection of one of the plurality of vehicle classes. - View Dependent Claims (16, 17, 18, 19, 20, 21)
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Specification