Rawle O King, Age 657272 Wisconsin Ave, Bethesda, MD 20814
Rawle King Phones & Addresses
7272 Wisconsin Ave, Bethesda, MD 20814
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Us Patents
Flood Protection Agreed Value Payout And Linear Pay Website & Mobile Application
US Patent:
2019026, Aug 29, 2019
Filed:
Dec 14, 2014
Appl. No.:
14/569723
Inventors:
Rawle Oliver King - Fort Washington MD, US
Oliver Robert Meissner - Washington DC, US
Oliver Robert Meissner - Washington DC, US
International Classification:
G06Q 40/08
Abstract:
The present invention is a web-based mobile application, which would serve as a marketplace for agreed value and linear payout flood and other disaster-loss reimbursement protection system. The web application would integrate information about risk and disaster insurance products, including details relating to pricing, coverage and providers, from multiple providers into a single source on an online platform enabling risk-financing customers to compare and purchase risk-financing products entirely online. The web application would expedite the marketing and sale of flood and other disaster risk financing policies by insurance providers by creating a user-friendly, efficient marketplace for the listing and purchase of flood insurance. The web application would list policies guaranteeing a pre-agreed payout based on pre-determined metrics—for instance, in the case of flood hazards, a water-elevation function factoring in high water probability data and building structure elevation—saving both insurers and customers the time and money spent on building inspection and damage estimation.
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