Patent ID: 11880885
Assignee: nan
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 14:
15. A computing system including a processor and memory configured to perform operations comprising:
determining an initial value for a vehicle prior to the occurrence of a value-reducing event using a coverage definition process, wherein the value-reducing event includes an accident, wherein determining the initial value for the vehicle prior to the occurrence of the value-reducing event includes determining values for a plurality of similar vehicles, wherein the coverage definition process is a server-side process operating on a server that communicates with a plurality of computing devices over a network connection;
determining a subsequent value for the vehicle after the occurrence of a value-reducing event using the coverage definition process, wherein the subsequent value for the vehicle includes the value of the vehicle as repaired following the accident, wherein determining the subsequent value for the vehicle after the occurrence of the value-reducing event includes electronically marketing the vehicle to one or more dealers;
calculating a value reduction for the vehicle based, at least in part, upon the initial value and the subsequent value using the coverage definition process; and
compensating the owner of the vehicle for the value reduction on a network-connected computing device using the coverage definition process, wherein compensating the owner of the vehicle includes generating a compensation schedule based upon, at least in part, an insurance policy associated with the vehicle, wherein the compensation schedule includes one or more of an immediate full compensation, an immediate partial compensation, a delayed full compensation, and a delayed partial compensation.