Systems and methods for managing insurance for devices located within a property based on insurance-related events

US10055793B1 · kind B1 · utility

Assignee

• State Farm Mutual Automobile Insurance Company · US

Inventors

• Shawn M. Call · Bloomington, US
• Daryoush Hakimi-Boushehri · Bloomington, US
• John H. Weekes · Bloomington, US
• Ronny S. Bryant · Bloomington, US
• Jennifer Criswell · Bloomington, US
• Todd Binion · Bloomington, US
• Jackie O. Jordan, II · Bloomington, US
• Elisabeth McDermeit · Bloomington, US
• John Donovan · Bloomington, US

Key dates

• Filing date: Apr 22, 2015
• Grant date: Aug 21, 2018
• Expiry date: Oct 9, 2036

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L12/2803
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Methods and systems for processing insurance policies associated with properties may be provided. A property may be populated with a plurality of smart devices or devices that are connected to a central controller, such as via wired or wireless communication. The plurality of devices may be covered by an insurance policy, such as a homeowners, renters, or personal articles insurance policy. The central controller may detect an insurance-related event and may retrieve sensor data and pricing information from one or more of the devices. The central controller may assess damage to the devices and may generate a proposed insurance claim based upon damage to the identified devices. Additionally, the central controller may facilitate a processing of the proposed insurance claim with a customer and an insurance provider. The smart devices may be, or be attached to, appliances, electronics, computers, televisions, jewelry, vehicles, furniture, or other equipment or personal belongings.