Patent ID: 8799029
Filing Date: 2014-08-05
Classification: G06Q

Abstract:
1. A system for automated detection of certain property uses for the generation of additional insurance coverage recommendations utilizing a plurality of networkable devices associated with an individual's insured property, comprising: a storage device having a database storing data related to property coverage parameters, historical utility usage data and usage threshold parameters associated with the insured property, the property coverage parameters representative of covered uses under an insurance policy for the insured property; a communications device in communication with the storage device, the communications device configured to receive current utility usage information from a plurality of networked metering devices associated with the insured property; and a processor in communication with the communications device, the processor configured to compare the current utility usage information to the historical utility usage data to determine whether the current usage has exceeded the threshold parameter, wherein the processor is further configured to generate an insurance coverage recommendation for the insured property responsive to determining that the usage has exceeded the threshold parameter, the generating comprising determining the insurance coverage recommendation for insurance coverage of the insured property consistent with the determined usage, wherein the coverage recommendation for the insured property is transmitted to the individual owner of the insured property via the communications device.