Just-in-time insurer's flooring evaluation and replacement system
First Claim
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1. A method for conducting an on-site evaluation for valuing at least at least one portion of a specified flooring to be replaced utilizing evaluation logic run by one or more computer of a flooring evaluation system, comprising the steps of:
- receiving input indicative of a plurality of characteristic options, wherein the input is indicative of at least a portion of the specified flooring; and
calculating, automatically, using the evaluation logic, a current monetary market value for at least a portion of the specified flooring utilizing an assigned weighted value indicative of a relational market worth associated with the characteristic options upon which input was received, wherein the step of calculating, automatically, the current monetary market value for at least a portion of the specified flooring comprises utilizing an aggregate of the assigned weighted values of the characteristic options upon which input was received to form a characteristic option score which is scaled by a multiplier value to form the current monetary market value for at least a portion of the specified flooring, and wherein the multiplier value is derived from an average aggregate correlation between the assigned weighted value of each characteristic option and market value.
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Abstract
A system, and method for making and using the same, for an on-site evaluation of flooring materials, condition, and value, and further, for providing replacement flooring. The system includes an interconnected system which includes estimation logic, project management logic and installation logic for managing an insurance claim from start to finish in a just in time fashion.
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Citations
8 Claims
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1. A method for conducting an on-site evaluation for valuing at least at least one portion of a specified flooring to be replaced utilizing evaluation logic run by one or more computer of a flooring evaluation system, comprising the steps of:
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receiving input indicative of a plurality of characteristic options, wherein the input is indicative of at least a portion of the specified flooring; and calculating, automatically, using the evaluation logic, a current monetary market value for at least a portion of the specified flooring utilizing an assigned weighted value indicative of a relational market worth associated with the characteristic options upon which input was received, wherein the step of calculating, automatically, the current monetary market value for at least a portion of the specified flooring comprises utilizing an aggregate of the assigned weighted values of the characteristic options upon which input was received to form a characteristic option score which is scaled by a multiplier value to form the current monetary market value for at least a portion of the specified flooring, and wherein the multiplier value is derived from an average aggregate correlation between the assigned weighted value of each characteristic option and market value. - View Dependent Claims (2, 3, 4)
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5. An article for valuing at least a portion of a specified flooring to be replaced, comprising a computer readable medium comprising at least one substrate having evaluation logic stored thereon, the evaluation logic adapted to cause one or more computer to:
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receive input indicative of a plurality of characteristic options, wherein the input is indicative of at least a portion of the specified flooring; and calculate, automatically, a current monetary market value for at least a portion of the specified flooring utilizing an assigned weighted value indicative of a relational market worth associated with the characteristic options upon which input was received, wherein the evaluation logic causes the one or more computer to calculate, automatically, the current monetary market value for at least a portion of the specified flooring utilizing an aggregate of the assigned weighted values of the characteristic options upon which input was received to form a characteristic option score which is scaled by a multiplier value to form the current monetary market value for at least a portion of the specified flooring, and wherein the multiplier value is derived from an average aggregate correlation between the assigned weighted value of each characteristic option and market value. - View Dependent Claims (6, 7, 8)
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Specification