Patent ID: 7987104
Filing Date: 2011-07-26
Classification: G06Q

Abstract:
1. A system for providing supplemental lease insurance to a lessee of a vehicle to cover at least one up front cost of a lease in the event of a total loss of said vehicle, said system comprising: at least one computer processor for processing data; at least one storage medium which stores data; a user interface in communication with said at least one computer processor for receiving relevant information of a lease, said relevant information comprising at least one up front cost of said lease; said at least one computer processor is in communication with an insurer's computer processor and is configured to process said relevant information; wherein said insurer's computer processor generates an insurance policy based upon said relevant information to cover at least one up front cost of said lease in the event of a total loss of the leased vehicle, and wherein said insurer's computer processor issues said insurance policy to said lessee; and said at least one computer processor configured to process a claim in the event of a total loss and to process a payout for said at least one up front cost to said lessee.