System and method for the assessment, pricing, and provisioning of distance-based vehicle insurance
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Feb 15, 2011
Grant Date -
May 10, 2007
app pub date -
Nov 27, 2006
filing date -
Oct 29, 2004
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A method for assessing, pricing, and provisioning distance-based vehicle insurance is disclosed. Receiving identification information of a customer and an associated vehicle, a current odometer reading of the vehicle, and a garaging location of the vehicle is disclosed. The customer is provided with a quote including a policy rate identifying a cost per distance unit based on the customer and vehicle identification information and the garaging location. Performing a purchase transaction for an insurance policy in response to the customer selecting one of the items for purchase, wherein coverage provided by the insurance policy expires based on the earlier of an odometer expiration value occurring and a predetermined time limit is disclosed. The expiration odometer value is the sum of the current odometer reading and the total number of distance units included in the selected item. The current odometer reading is not audited prior to or during the purchase transaction.
First Claim
Family
International Classification(s)
Cited Art Landscape
Patent Citation Ranking
Recipient Email Address
Recipient Email Address
Comment
Recipient Email Address
Add to Portfolio(s)
To add this patent to one, or more, of your portfolios, simply click the add button.
This Patent is in these Portfolios:
Add to additional portfolios:
Last Refreshed On:
Changes done successfully