Patent ID: 6725201
Filing Date: 2004-04-20
Classification: G06Q

Abstract:
An apparatus for processing lease insurance information, comprising:a memory device for storing a first data set, the first data set containing information for generating at least one of an insurance premium and an insurance policy for providing insurance for excess wear and tear for a leased entity; a processor for processing the first data set in conjunction with a second data set and a third data set, the second data set containing information regarding at least one of the entity to be leased and a term of the lease, and the third data set containing information regarding at least one of a driving history of the leasing individual, a driving history of the leasing entity, a usage history of the leasing individual, a usage history of the leasing entity, an insurance history of the leasing individual, an insurance history of the leasing entity, a past leasing history of the leasing individual, a past leasing history of the leasing entity, a desired lease insurance coverage, a lease insurance deductible, and a lease insurance policy term, the processor generating a fourth data set containing at least one of an insurance premium and an insurance policy for providing at least one of an insurance policy and an insurance product for excess wear and tear for the leased entity; and a device for at least one of displaying and outputting information contained in at least one of the fourth data set, the insurance premium, the insurance policy, and the insurance product, the processor generating a fifth data set containing information regarding at least one of a liability, a potential liability, and a risk of loss, associated with the at least one of an insurance policy and an insurance product.