US Patent Issued to State Farm Mutual Automobile Insurance on Aug. 26 for "Systems and methods for analyzing property telematics data to update risk-based coverage of a property" (Illinois Inventors)

ALEXANDRIA, Va., Aug. 26 -- United States Patent no. 12,400,274, issued on Aug. 26, was assigned to State Farm Mutual Automobile Insurance Co. (Bloomington, Ill.).

"Systems and methods for analyzing property telematics data to update risk-based coverage of a property" was invented by Kristopher Keith Gaudin (Bloomington, Ill.) and Tracey Dunne (Normal, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods may analyze property telematics data, with homeowner permission or affirmative consent, to update risk-based coverage of a property, such as a house, during a short-term rental. The systems include a renter analytics computing device, a plurality of property telematics devices at the prope...