DETECTION OF USERS AND VEHICLE USAGE FOR VARIABLE INSURANCE TERMS
First Claim
1. A system comprising:
- an insurance adjustment module comprising at least one hardware processor that accesses at least one first usage factor of a vehicle by a first user, accesses first user information and current insurance coverage information for the first user with the vehicle, accesses available insurance policy information comprising a plurality of available insurance policies, and determines an adjustment of the current insurance coverage information using the at least one first usage factor, the first user information, and the available insurance policy information;
a database, stored to a non-transitory memory, comprising the at least one first usage factor, the first user information, and the available insurance policy information; and
a network interface component that receives the at least one first usage factor from a device associated with at least one of the user and the vehicle and communicates the adjustment to the device.
2 Assignments
0 Petitions
Accused Products
Abstract
There are provided systems and methods for detection of users and vehicle usage for variable insurance terms. A user may utilize a vehicle and require an insurance policy for usage of the vehicle. The user may have an existing insurance policy or may require a new insurance policy. Once the user is detected as utilizing the vehicle, usage factors of the vehicle by the user may be communicated to a variable insurance server. Usage factors may include a location of use of the vehicle, speed of travel, a driver history for the user, or other information. The server may determine a new insurance policy for the user or may determine an adjustment to the user'"'"'s existing insurance policy. Such insurance policy changes may be based on the user, the vehicle, and the user'"'"'s usage of the vehicle. The user may accept the server'"'"'s proposal to initiate the change.
36 Citations
20 Claims
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1. A system comprising:
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an insurance adjustment module comprising at least one hardware processor that accesses at least one first usage factor of a vehicle by a first user, accesses first user information and current insurance coverage information for the first user with the vehicle, accesses available insurance policy information comprising a plurality of available insurance policies, and determines an adjustment of the current insurance coverage information using the at least one first usage factor, the first user information, and the available insurance policy information; a database, stored to a non-transitory memory, comprising the at least one first usage factor, the first user information, and the available insurance policy information; and a network interface component that receives the at least one first usage factor from a device associated with at least one of the user and the vehicle and communicates the adjustment to the device. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A method comprising:
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receiving, by an insurance adjustment module comprising at least one hardware processor, vehicle usage information of a vehicle by a user from a device associated with at least one of the user and the vehicle; accessing, by the insurance adjustment module, user parameters and a first insurance policy for the user from a database stored to a non-transitory memory; accessing, by the insurance adjustment module, insurance policy information for a plurality of insurance policies from the database; determining, by the insurance adjustment module, an insurance policy adjustment to the first insurance policy for the user using on the vehicle usage information, the user parameters, and the insurance policy information; and communicating, via a network interface component, the change to the device. - View Dependent Claims (15, 16, 17, 18, 19)
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20. A non-transitory computer-readable medium comprising executable modules which, in response to execution by a computer system, cause the computer system to perform a method comprising:
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receiving, by an insurance adjustment module comprising at least one hardware processor, a request to adjust an insurance policy for a vehicle from a network interface component; accessing, by the insurance adjustment module, at least one parameter associated with one of the vehicle and the user from a database stored to a non-transitory memory; accessing, by the insurance adjustment module, insurance policy information for a plurality of insurance policies from the database; determining, by the insurance adjustment module, at least one policy adjustment to the insurance policy using the request, the at least one parameter, and the insurance policy information; and communicating, via a network interface component, the at least one policy adjustment to a device associated with at least one of the user and the vehicle.
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Specification