Monitoring system for determining and communicating a cost of insurance

  • US 6,868,386 B1
  • Filed: 05/15/2000
  • Issued: 03/15/2005
  • Est. Priority Date: 01/29/1996
  • Status: Expired due to Fees
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1. A method of communicating a cost of insuring a unit of risk and corresponding operating characteristics for the unit monitored for a selected period, comprising steps of:

  • providing a Web site system for communicating data between an insurer and an insured relative to the unit of risk;

    monitoring the operating characteristics during the selected period;

    deciding the cost of insuring for the period based upon the operating characteristics monitored in that period; and

    selectively communicating the monitored operating characteristics and decided cost to the insured through the Web site system.

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