Providing loan services in the event of a total loss claim

US10062117B2 · kind B2 · utility

Assignee

• State Farm Mutual Automobile Insurance Company · US

Inventors

• Leif Agerholm Roll · Bloomington, US
• Jun Wu · Chengdu, CN
• John F. Johnson · Chesapeake, US
• Kimberly D. Leigh · Bloomington, US

Key dates

• Filing date: Jun 6, 2012
• Grant date: Aug 28, 2018
• Expiry date: Feb 18, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/08
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Providing a property replacement loan offer to a customer that has lost property in a total loss event where the offer is provided automatically in response to an indication of the total loss event. The invention includes computer-based processes that collect customer-specific data for the customer whose property is involved in the total loss event and using this data to prequalify the customer for the property replacement loan. The processing includes accessing a credit bureau to receive data related to the customer's credit.