System and method for providing reduced insurance premiums
First Claim
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1. A method of providing insurance coverage to a customer, the method comprising:
- (a) during a preliminary period of time;
(1) receiving an initial inquiry from the customer;
(2) providing an input form including at least one field for an entry of a piece of information concerning at least one of a characteristic of the customer and a characteristic of an item to be insured;
(3) receiving the piece of information following its entry into the input form and submission;
(4) performing processing in relation to the piece of information;
(5) providing a preliminary indication to the customer that the customer will have an ability to order at least one of temporally-limited amounts of insurance and geographically-limited amounts of insurance; and
(6) providing an identifier to the customer; and
(b) at a subsequent period of time;
(1) providing a field for an input of a limitation relating to a desired insurance coverage regarding the item, which is a customer-owned item, the limitation including a time period indication of a time period less than a month;
(2) receiving the limitation at a central processor as provided by way of a customer-operated terminal;
(3) performing processing in relation to the limitation to determine whether the desired insurance coverage as restricted by the limitation can be provided;
(4) sending a confirmation to the customer-operated terminal concerning whether the desired insurance coverage corresponding to the limitation can be provided;
(5) receiving a further signal from the customer-operated terminal indicating that the desired insurance coverage is still desired;
(6) concluding an arrangement so that the desired insurance coverage concerning the time period is provided to the customer;
(7) receiving credit card information from the customer, wherein the central processor does not bill a customer credit card for the desired insurance coverage as restricted by the limitation until the central processor receives a confirmation from the customer-operated terminal via an internet-type connection that a newly-quoted price for the desired insurance coverage is satisfactory; and
(8) recording information regarding the desired insurance coverage as restricted by the limitation in an insurance company database.
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Abstract
The present invention relates to a system and method for providing insurance coverage to a customer. The method includes providing a field for an input of a limitation relating to a desired insurance coverage. The limitation includes at least one of a time period indication of a time period less than a month and a geographical region indication of a geographical region smaller in size than an entire nation. The method further includes receiving the limitation at a central processor. The method additionally includes performing processing in relation to the limitation to determine whether the desired insurance coverage as restricted by the limitation can be provided. The method further includes sending a confirmation concerning whether the desired insurance coverage corresponding to the limitation can be provided.
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Citations
1 Claim
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1. A method of providing insurance coverage to a customer, the method comprising:
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(a) during a preliminary period of time; (1) receiving an initial inquiry from the customer; (2) providing an input form including at least one field for an entry of a piece of information concerning at least one of a characteristic of the customer and a characteristic of an item to be insured; (3) receiving the piece of information following its entry into the input form and submission; (4) performing processing in relation to the piece of information; (5) providing a preliminary indication to the customer that the customer will have an ability to order at least one of temporally-limited amounts of insurance and geographically-limited amounts of insurance; and (6) providing an identifier to the customer; and (b) at a subsequent period of time; (1) providing a field for an input of a limitation relating to a desired insurance coverage regarding the item, which is a customer-owned item, the limitation including a time period indication of a time period less than a month; (2) receiving the limitation at a central processor as provided by way of a customer-operated terminal; (3) performing processing in relation to the limitation to determine whether the desired insurance coverage as restricted by the limitation can be provided; (4) sending a confirmation to the customer-operated terminal concerning whether the desired insurance coverage corresponding to the limitation can be provided; (5) receiving a further signal from the customer-operated terminal indicating that the desired insurance coverage is still desired; (6) concluding an arrangement so that the desired insurance coverage concerning the time period is provided to the customer; (7) receiving credit card information from the customer, wherein the central processor does not bill a customer credit card for the desired insurance coverage as restricted by the limitation until the central processor receives a confirmation from the customer-operated terminal via an internet-type connection that a newly-quoted price for the desired insurance coverage is satisfactory; and (8) recording information regarding the desired insurance coverage as restricted by the limitation in an insurance company database.
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Specification
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Current AssigneeInnovaport LLC (f/k/a PatentBank LLC)
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Original AssigneeInnovaport LLC (f/k/a PatentBank LLC)
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InventorsPienkos, John Thaddeus
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Primary Examiner(s)MORGAN, ROBERT W
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Assistant Examiner(s)Fuelling, Michael
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Application NumberUS09/694,402Time in Patent Office4,090 DaysField of Search705/2, 705/3, 705/4, 600/300US Class Current705/4CPC Class CodesG06Q 40/08 Insurance
