Patent ID: 8676612

Claim:
A system for processing data relating to insuring a building structure by taking into account technologies that mitigate loss comprising: a storage device storing a database identifying a plurality of technologies that reduce risk of loss to an associated building structure; and a computer processor, configured to: administer, by an insurance company, insurance policy data related to coverages for the building structure that incorporates a sensor technology provided by an insured in the building structure from the plurality of technologies identified in the database, wherein the incorporated sensor technology is capable of outputting data electronically; receive monitoring data output electronically by the incorporated sensor technology relating to a condition of the building structure; input into a neural network the monitoring data relating to the condition of the building structure; receive a neural network output based on the monitoring data, wherein the neural network output is indicative of a current risk associated with the condition of the building structure; input, into the neural network, polling data indicative of whether an automatic remedial action has been taken to mitigate the current risk; receive a neural network output based on the polling data indicative of whether an automatic remedial action has been taken to mitigate the current risk, output, responsive to the neural network output data, a notification identifying the current risk and the determination of whether the automatic remedial action has been taken; determine, based on the output of the neural network, an operational status of the sensor technology; and determine, based on said operational status of the sensor technology, whether an alteration in a term of the insurance policy, after issue of the insurance policy, is warranted based at least in part on faulty operational status of the sensor technology.