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INVENTORY AND PRICING METHOD AND COMPUTER PROGRAM PRODUCT

  • US 20140316824A1
  • Filed: 03/25/2014
  • Published: 10/23/2014
  • Est. Priority Date: 03/25/2013
  • Status: Active Application
First Claim
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1. A method for documenting personal property and associated monetary values for a claim between a claimant and an administrator, the method comprising the steps of:

  • obtaining an itemized inventory by documenting each item related to the claim;

    generating pricing data from at least one valuation source for at least one item of the itemized inventoryassociating a monetary value with the at least one item of the itemized inventory based on the pricing data corresponding to the at least one item;

    adjusting the monetary value of the at least one item of the itemized inventory as necessary based on at least one identifiable characteristic of the at least one item; and

    verifying that the claimant and the administrator have each approved the itemized inventory and the monetary value of the at least one item of the itemized inventory,wherein if, by said verifying step, the claimant and the administrator have not each approved the itemized inventory and the monetary value of the at least one item of the itemized inventory, the claimant and the administrator may repeat at least one of said obtaining step, said generating step, and said associating step until each has approved the itemized inventory and the monetary value of the at least one item of the itemized inventory.

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