BigPatents India

This invention relates to the management of insurance claims, the processing steps broadly including the steps of obtaining information on a claim, including items of property relating to said claim, such information forming a claim datafile; selecting items of property being claimed by consulting a property register configured and arranged to store items of property owned by the person or entity making a claim; obtaining information to establish a replacement value for each of the items of property relating to the claim; and selecting a method of settlement of the claim and calculating the replacement values for each of the items of property to determine a settlement value. (FIG. - 3)