SYSTEM AND METHOD FOR GENERATING AN INSURANCE QUOTE OF A PROPERTY IN REAL-TIME
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United States of America Patent
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Issued Date -
Mar 12, 2015
app pub date -
Sep 11, 2013
filing date -
Sep 11, 2013
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
The present subject matter described herein, in general, relates to insurance, and more particularly to a system and method for generating an insurance quote of a property in real-time. In one embodiment, a real-time insurance quote generation method is disclosed, comprising: obtaining a user selection, via a single action, of a property displayed on a map via a user interface of a device; determining an address of the property using at least geo co-ordinate details; collating data associated with the property from a plurality of data sources; assessing one or more risk factors associated with the property and underwriting the property based upon the data; computing, via a processor, an insurance quote for the property by using at least one of the data or the one or more risk factors; and providing the insurance quote.
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