Automobile insurance during military deployment

• US 20050288970A1
• Filed: 05/18/2005
• Published: 12/29/2005
• Est. Priority Date: 05/18/2004
• Status: Abandoned Application

• Current Assignee: Richard Katz, Thomas H. Holcom
• Original Assignee: Richard Katz, Thomas H. Holcom
• Inventors: Katz, Richard, Holcom, Thomas H.
• Application Number:
  US11/132,014
• Publication Number:
  US 20050288970A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A method of allocating an insurance benefit to qualified military personnel is provided for military personnel that are deployed for overseas or long distance duty and who have stored a personal vehicle on an approved storage lot for the duration of the deployment.

Claims

1. A method of obtaining an insurance policy premium discount for vehicle insurance for military service members during deployment of the service member to a location distant from the regular station of the service member or during foreign deployment of the service member the method comprising:

tendering custody of a vehicle possessed by an insured military service member to an eligible vehicle storage facility upon said insured military service member being deployed to a location distant from the regular station of the service member,

notifying an insurance provider of said insured military service member of said tendering custody of said vehicle to said storage facility, and

receiving from said insurance provider an insurance policy premium discount by said insured military service person during a period time beginning approximate with said tendering custody of said vehicle to said vehicle storage facility and ending approximate with a return of custody of said vehicle to said military service person.

2. The method as claimed in claim 1 wherein said step of notifying comprises presenting said insurance provider a vehicle inspection report from said vehicle storage facility.

3. The method as claimed in claim 1 wherein said step of notifying comprises presenting said insurance provider a vehicle custody receipt from said vehicle storage facility.

4. The method as claimed in claim 1 wherein said eligible vehicle storage facility is a military service branch operated vehicle storage facility.

5. The method as claimed in claim 1 wherein said eligible vehicle storage facility is a private vehicle storage facility approved by said insurance provider.

6. The method as claimed in claim 1 wherein said eligible vehicle storage facility is a private vehicle storage facility approved by a military service branch.

7. The method as claimed in claim 7 further comprising the step of maintaining state vehicle insurance requirements on said vehicle in said vehicle storage facility

9. The method as claimed in claim 7 wherein said step of notifying comprises presenting said insurance provider a vehicle inspection report from said vehicle storage facility.

10. The method as claimed in claim 7 wherein said step of notifying comprises presenting said insurance provider a vehicle custody receipt from said vehicle storage facility.

11. The method as claimed in claim 7 wherein said eligible vehicle storage facility is a military vehicle storage facility.

12. The method as claimed in claim 7 wherein said eligible vehicle storage facility is a private vehicle storage facility approved by said insurance provider.

13. The method as claimed in claim 7 wherein said eligible vehicle storage facility is a private vehicle storage facility approved by the military.

14. The method as claimed in claim 7 further comprising the step of maintaining state vehicle insurance requirements on said vehicle in said vehicle storage facility

8. A method of providing an insurance policy premium discount for vehicle insurance to military service members during deployment of the service member to a location distant from the regular base of the service member or during foreign deployment of the service member the method comprising:

receiving by an insurance provider a notice of a tendering custody of a vehicle possessed by an insured military service member to an eligible vehicle storage facility upon said insured military service member being deployed to a location distant from the regular station of the service member, and

providing by said insurance company a discount of an insurance policy premium to said insured military service person during a period time beginning approximately with said tendering custody of said vehicle to said vehicle storage facility and ending approximately with a return of custody of said vehicle to said military service person.