WO2008098345A1 - Système, procédé et produit d'assurance permettant d'assurer des transactions immobilières - Google Patents

Système, procédé et produit d'assurance permettant d'assurer des transactions immobilières Download PDF

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Publication number
WO2008098345A1
WO2008098345A1 PCT/CA2008/000177 CA2008000177W WO2008098345A1 WO 2008098345 A1 WO2008098345 A1 WO 2008098345A1 CA 2008000177 W CA2008000177 W CA 2008000177W WO 2008098345 A1 WO2008098345 A1 WO 2008098345A1
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WIPO (PCT)
Prior art keywords
house
vendor
party
time
acceptable
Prior art date
Application number
PCT/CA2008/000177
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English (en)
Inventor
Paul Whitman Pierce
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National Equity Inc.
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Publication date
Application filed by National Equity Inc. filed Critical National Equity Inc.
Priority to AU2008215125A priority Critical patent/AU2008215125A1/en
Publication of WO2008098345A1 publication Critical patent/WO2008098345A1/fr

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    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/08—Insurance

Definitions

  • the present invention relates to an insurance-type product, methodology and system, and more particularly relates to an insurance-type product, methodology and system in relation to one or more real estate sales transactions.
  • the vendor of the First House can either remove the condition and proceed with the purchase of the Second House despite not having sold the First House, or alternatively, not remove the condition and permit the offer to purchase the Second House expire.
  • conditional offer may be better than no offer at all, nevertheless, there are drawbacks presented by such a conditional offer. For example, as the vendor of the Second House does not know, with certainty, that the First House will sell, and there is no assurance that the vendor of the First House will have the funds necessary to proceed with the purchase of the Second House, in the event that the conditional offer expires (the condition having not been removed by the vendor of the First House), the vendor of the Second House cannot proceed with the sale of the Second House, and must start the cycle again of seeking out another opportunity to sell the Second House.
  • the purchaser of the Second House does not know with certainty whether or not the Second House can be purchased, or whether or not the condition can be removed, in the event that the First House is not sold during the fixed period of time in which the conditional offer is open. While the purchaser of the Second House can, of course, remove the condition at any time, and possibly, with the aid of bridge financing, proceed with the purchase of the Second House, if the purchaser's First House does not sell quickly, the purchaser of the Second House faces the risk of potentially owning two properties (which typically would require the individual to make two sets of mortgage payments, insurance payments, taxes, maintenance and other expenses on both houses), and may have great difficulty or be unable to carry both houses, putting the purchaser at risk of having to sell one of the properties at a loss or otherwise making alternative arrangements for financing.
  • one object of the present invention is to provide a method, and a system and an insurance product for reducing, mitigating or substantially eliminating some of the financial risks associated with the possibility of not being able to sell a house or real estate at or near fair market value within a predefined or determinable period of time.
  • a method of reducing the risk to a Vendor of a First House that the Vendor of the First House' will have to pay the Monthly Carrying Costs associated with the First House in the event that the First House is not sold within an acceptable predefined or determinable period of time comprising the steps of, calculating the Monthly Carrying Costs associated with the First House, establishing a Minimum Acceptable Price for the sale of the First House, calculating the likelihood that the First House will not be sold at or above the Minimum Acceptable Price during the acceptable predefined or determinable period of time and calculating the likely length of time required to sell the First House at or above the Minimum Acceptable Price, calculating the potential claim exposure of having to pay the Monthly Carrying Costs after the acceptable predefined or determinable period of time until the First House is sold at or above the Minimum Acceptable Price, calculating a premium to be charged to the Vendor, the Vendor entering into an agreement with a Third Party, wherein the Vendor agrees to pay the premium, and
  • An insurance policy agreement in written form adapted to reducing the risk to a Vendor of a First House that the Vendor of the First House will have to pay the Monthly Carrying Costs associated with the First House in the event that the First House remains unsold after an acceptable or predefined or determinable period of time, the agreement being entered into between the Vendor of the First House and a Third Party, the agreement comprising a term wherein the Vendor agrees to pay to the Third Party an amount related to the calculated claims exposure to the Third Party, and a term wherein the Third Party agrees to pay to the Vendor, on a monthly basis, an amount equal to the Monthly Carrying Costs of the First House while it remains unsold after the acceptable or predefined or determinable period of time.
  • a system for reducing the risk to a Vendor of a First House that the Vendor of the First House' will have to pay the Monthly Carrying Costs associated with the First House in the event that the First House is not sold within an acceptable or predefined or determinable period of time comprising the following elements, data related to the likelihood that the First House will not sell within the acceptable or predefined or determinable period of time, a programmed digital processor adapted to receive the data related to the likelihood that the First House will not sell within the acceptable or predefined or determinable period of time, adapted to calculate a number related to the potential claims exposure to a Third Party insurer of having to pay the Monthly Carrying Costs of the First House while it remains unsold after the acceptable or predefined or determinable period of time, an insurance policy agreement being entered into between the Third Party and the Vendor of a First House wherein the Vendor pays to the Third Party an amount related to the calculated claims exposure to the Third Party, the insurance policy agreement being adapted to require
  • the present invention provides for the Vendor of a First House with an insurance policy type product and a method and system for identifying, evaluating and thereafter for reducing, mitigating or substantially eliminating some or all of the financial risks associated with the possibility of not being able to sell a house or real estate at or near fair market value within a predefined or determinable period of time and provides a method and system for paying or providing for the payment of certain expenses relating to a house or real estate which is available for sale and which has not yet been sold.
  • Figure 1 is a table setting out the likelihood that a house in the Suite, Nova Scotia marketplace within a predetermined price range of $200,000.00 to $225,000.00 will sell during the Elimination Period and thereafter.
  • Figure 2 is a flow chart demonstrating the methodology of one embodiment of the present invention.
  • an insurance-type product and methodology and system which transfers some or all of the risk that a First House will not be sold within a particular or predetermined or determinable length of time, the risk being transferred in whole or in part from the Vendor (as that term is more fully described herein) of that First House, to a Third Party (as that term is more fully described herein).
  • the present invention may be utilized in the context of the below-described scenarios, with appropriate and applicable modifications thereto.
  • the Vendor has a mortgage on the First House and intends to proceed with the purchase of a Second House, while at the same time, is desirous of reducing, or mitigating or eliminating some or all of the financial risk of having to pay the mortgage and other expenses/costs of the First House should the sale of the First House not occur until subsequent to the Vendor's closing of the Vendor's purchase of the Second House (or subsequent to a predetermined or determinable period of time); or
  • the Vendor has no mortgage on the First House and intends to proceed with the purchase of a Second House, and is desirous of reducing, or mitigating or eliminating some or all of the financial risk of having to pay the other (non- mortgage) expenses/costs of the First House should the sale of the First House not occur until subsequent to the Vendor's closing of the Vendor's purchase of the Second House (or subsequent to a predetermined or determinable period of time);
  • the Vendor of the First House has a mortgage on the First House and has no intention of purchasing a Second House, and is desirous of reducing, or mitigating or eliminating some or all of the financial risk of having the First House remain on the market for an extended period of time (or subsequent to a predetermined or determinable period of time);
  • the Vendor of the First House has no mortgage on the First House and has no intention of purchasing a Second House, and is desirous of reducing, or mitigating or eliminating some or all of the financial risk of having the First House remain on the market for an extended period of time (or subsequent to a predetermined or determinable period of time) .
  • the present invention provides a system for, a method of, and an insurance type product for reducing, mitigating or eliminating some or all of the applicable above-referenced financial risks to the Vendor.
  • FIG. 2 provides a generalized description of one embodiment of the methodology of the present invention, where the Vendor of a First House wishes to sell the First House and, in the case of a scenario of Type IA, IB, 2 A or 2B, upon the Vendor determining that it is desirable to reduce, mitigate or eliminate some or all of the risk of having the First House remain on the market, in the case of scenarios IA and IB subsequent to the closing date of the Vendor's purchase of the Second House (or subsequent to a predetermined or determinable period of time), and in the case of scenarios 2 A and 2B, an extended period of time (or subsequent to a predetermined or determinable period of time), the Vendor and a third party (hereinafter the "Third Party") commence taking steps which when successfully concluded will result in an agreement being entered into between the Third Party (or a vendor of insurance products), and the Vendor as more fully described herein.
  • the Third Party is an insurance company or is authorized to sell insurance products such as the one described
  • the Vendor has listed, or is required to list, the First House through a real estate agent, and preferably through one having access to a service such as the MLS (Multiple Listing Service) system to give broad exposure to the First House in the real estate market, it being understood that while this is desirable, in alternative embodiments of the present invention, the Vendor may be selling the First House using various different techniques, including selling it personally without the assistance of a real estate agent, it being understood that in such a scenario, the agreement with the Third Party would be appropriately modified to accommodate this alternative embodiment of the present invention.
  • MLS Multiple Listing Service
  • the Vendor requests a Preliminary Quote from the Third Party in which step, preferably the following information is supplied by the Vendor to the Third Party, preferably in electronic form (for example by completing an online/Internet accessible form, or alternatively, in electronic form such as in PDF format, HTML format, or other electronic format known to a person skilled in the art) or alternatively, in non-electronic form which may be readily converted to electronic form:
  • the estimated listing price of the First House (f) the estimated listing price of the First House; (g) the Vendor's desired coverage level (the amount of money that the Vendor desires/anticipates to be paid on a monthly basis in the event that the First House is not sold prior to an agreed to event or period of time); (h) the Vendor's desired duration of full coverage (the number of months for which the
  • Vendor desires full coverage); (i) in the event that the Vendor is agreeable to have the full coverage decline after a specified/agreed to period of time, the Vendor's desired rate of decline from full coverage (preferably based on a percentage of decline per month);
  • the Vendor wants to be paid only in the event that a certain specified event does (or does not) take place (for example, the Vendor only wants to be paid in the event that the Vendor has closed on the purchase of Second House in respect of which the Vendor has made an offer, but still has not sold his First House).
  • the Third Party performs a Preliminary Risk Assessment in relation to the information/data provided by the Vendor in the Vendor's Request for a Preliminary Quote (Step 1) received from the Vendor:
  • the Third Party receives the above-referenced information/data (and if not in electronic form, preferably, converts it into electronic form) from the Vendor and preferably stores the above-reference information/data in a database, spreadsheet or other structured and retrievable form on an electronic data storage device such as a hard drive, CD-ROM or other electronic data storage device known to a person skilled in the art, which electronic data storage device is accessible by a computer or other programmable or preprogrammed data processing device (hereinafter referred to as a "programmable data processing device");
  • the Third Party preferably receives from an Appraiser, a quote on the cost of or fee for providing an appraisal of the market value, of the First House (and other specified information/data), or alternatively, has already received this information from the
  • Appraiser (which quote is hereinafter referred to as the "Appraisal Fee Quote”) ;
  • the Third Party calculates the length the Elimination Period (that is, a period of time, typically, although not necessarily, in days, weeks or months immediately following the date of the listing of the First House
  • a typical Elimination Period for a particular market and price range may be that length of time in that particular market for 85% of sales of houses in that price range to be affected; for example, in one embodiment of the present invention, if in a marketplace, 85% of all properties in a price range sold within 90 days of being listed, in that example, 90 days would be the Elimination Period for that marketplace and price range, it being understood that the Elimination Period may vary over time as the market conditions in the marketplace vary, based on, for example, market demand, market supply, time of year, local economic conditions and other factors known to a person skilled in the art;
  • the Third Party performs the relevant actuarial calculations based on the supplied information/data and the relevant historical data available to it, and on a preliminary basis, assesses the risk to the Third Party that it will have to pay some or all of the Monthly Carrying Costs for the First
  • the Third Party Provides a Preliminary Quote :
  • the Third Party Based upon the Preliminary Risk Assessment in Step 2 (and the Third Party's expenses/costs, expectation of profit on any agreement subsequently reached between the Vendor and the Third Party and such other factors as would be known to a person skilled in the art) the Third Party issues a Preliminary Quote and preferably a Preliminary Quote Reference Number to the Vendor, which Preliminary Quote provides a preliminary and informal/nonbinding calculation of the premium tentatively expected to be paid by the Vendor should an agreement be entered into between the Vendor and the Third Party, and preferably includes a requirement that, before any further steps are taken in relation to this matter, the Vendor pre-pay to the Third Party the Appraisal Fee Quote.
  • the Third Party provides access to an Internet site, or other data entry forms or protocols which allow the Vendor to rapidly and easily provide various different scenarios to the Third Party for the purposes of obtaining a Preliminary Quote (the Vendor being able to modify, for example, the desired coverage level and the duration of full coverage or other factors) to the Third Party, the Third Party thereafter providing Preliminary Quotes for each of these different scenarios, to assist the Vendor in selecting the preferred scenario for consideration.
  • a Preliminary Quote the Vendor being able to modify, for example, the desired coverage level and the duration of full coverage or other factors
  • the Vendor accepts the Preliminary Quote supplied by the Third Party, and, in the preferred embodiment, pre-pays to the Third Party the Appraisal Fee Quote (in a preferred embodiment of the present invention, this payment may be made, for example, by way of a credit card, which relevant credit card information and authorization to deduct the amount from the credit card is provided by the Vendor to the Third Party in an online transaction in a manner known to a person skilled in the art);
  • the Vendor provides the Third Party (preferably in electronic form (for example by completing an online/Internet accessible form, or alternatively, in electronic form such as in PDF format, HTML format, or other electronic format known to a person skilled in the art) or alternatively, in nonelectronic form which may be readily converted to electronic form) with detailed information/data regarding the Monthly Carrying Costs, including for example, the outstanding mortgage amount (where applicable), the monthly mortgage payments (where applicable), the monthly taxes (where applicable), the monthly property insurance (where applicable), the monthly utilities (where applicable), monthly maintenance fees (where applicable) and any other costs associated with carrying the Third Party (preferably in electronic form (for example by completing an online/Internet accessible form, or alternatively, in electronic form such as in PDF format, HTML format, or other electronic format known to a person skilled in the art) or alternatively, in nonelectronic form which may be readily converted to electronic form) with detailed information/data regarding the Monthly Carrying Costs, including for example, the outstanding mortgage amount (where applicable), the monthly mortgage payments (where applicable), the monthly taxes (where applicable),
  • the Third Party obtains an appraisal in respect of the First House:
  • the Third Party preferably notifies the Vendor that the Vendor's Minimum Acceptable Price is unacceptably high and preferably will require the Vendor to reduce the Vendor's Minimum Acceptable Price before issuing a Final Quote.
  • the Third Party preferably notifies the Vendor that it is terminating further interaction with the Vendor in relation to the Vendor's efforts to obtain a policy agreement with the Third-Party in relation to the sale of the First House.
  • the predetermined percentage of the appraised market value of the First House below which the Vendor's Minimum Acceptable Price must be within an acceptable range of the appraised value of the First House it being understood that the Third Party has flexibility in this regard, which flexibility may be used to modify the risk being assumed by the Third-Party it being understood that the range may also depend upon such factors as the local marketplace for houses, the willingness of prospective purchasers to purchase houses in the marketplace at, near or above the listing price, and other factors known to a person skilled in the art).
  • the Third Party assesses the risk to the Third Party that it will have to pay some or all of the Monthly Carrying Costs for the First House and the premium to be charged to Vendor:
  • the Final Quote is provided in written/ paper form (or in one embodiment, in a form or document presented on a computer generated screen which preferably includes a method by which, if agreeable to the Vendor, may be acknowledged by the Vendor as having been agreed to in a way that legally binds the Vendor to the terms and conditions in the proposed Agreement) which Final Quote, in one embodiment of the present invention includes a proposed Agreement which incorporates the terms and conditions to be agreed to between the Vendor and the Third Party and upon which the Final Quote is based, which proposed Agreement will include the terms of payment for the premium, and the conditions for payment to the Vendor under the policy to be prepared by the Third Party, and other terms and conditions that may be relevant or required by law in the relevant jurisdiction.
  • the following additional information is provided to the Vendor, namely:
  • the Vendor in the event that the Vendor is agreeable to have the full coverage decline after a specified/agreed to period of time, the agreed to rate of decline from full coverage (preferably based on a percentage of decline per month).
  • the Vendor may either sign the proposed Agreement, or if the proposed Agreement is in an electronic form, provides acknowledgment to the Third Party that the Vendor is in agreement with the proposed Agreement;
  • the Third Party in the event that the Vendor has retained the services of a real estate agent, the Third Party preferably obtains the following information/data from the real estate agent:
  • a policy (preferably in written form, or alternatively, presented to the Vendor in electronic form so that the Vendor may save and access the policy electronically) is prepared utilizing the above referenced information/data, and preferably utilizing a preprogrammed data processing device which has access to the above referenced information/data (stored for example in a database, spreadsheet or other structured and retrievable form on an electronic data storage device such as a hard drive, or other electronic data storage device);
  • the policy includes the following information, in addition to the terms and conditions governing the policy:
  • Vendor will have full coverage of the Monthly Carrying Costs); (t) in the event that the Vendor agreed to have the full coverage decline after a specified/agreed to period of time, the agreed to rate of decline from full coverage (the decline preferably being 5% per month or some other value as agreed upon by the Vendor and Third Party, so that in the case of a 5% decline, for each month during the period of declining coverage, the amount to be paid by the Third Party to the Vendor is reduced by 5% (or such other agreed to amount) from the previous month until the amount to be paid by the
  • Third Party to the Vendor falls below a predetermined amount, such as, for example, $50.00 or some other agreed-to amount); (u) the full coverage amount (that is, the maximum full coverage amount to be paid on a monthly basis by Third Party to the Vendor under any claim under the policy).
  • a predetermined amount such as, for example, $50.00 or some other agreed-to amount
  • the Third Party may monitor the sales efforts, sales activity, pricing changes and other matters in relation to the possible sale of the First House, including, obtaining up-to-date information regarding the current listing price, and obtaining copies of any bona fide offers to purchase the First House (which may, for example, be obtained from the realtor, in the event that a realtor was retained to sell the First House).
  • the Vendor may make a claim against the policy, preferably submitting to the Third Party the policy number and applicable proof that an event has occurred which will trigger payment under the policy and that the First House has not yet been sold.
  • the Third Party preferably confirms that:
  • the Third Party pays out the agreed to amounts to the Vendor, for so long as and at the rate in the amount agreed to between the Third Party and the Vendor.
  • the Third Party it is desirable that the Third Party have access to and may place reliance on relevant historical information/data in relation to the geographic region, and the various different price ranges and property characteristics within that geographic region to improve the accuracy and reliability of the risk assessment process.
  • this information/data may be made available from another entity, it being understood, that in the preferred embodiment, the Third Party collects and makes available to itself such information/data.
  • MLS Multiple Listing Service
  • an automated computer implemented search routine is provided by the Third Party to regularly, and preferably daily, verify that the actual listing price of the First House does not exceed the agreed-to listing price in the agreement/policy, and if a determination is made that the actual listing price exceeds the agreed-to listing price in the agreement/policy, Vendor (and if applicable, the realtor) is/are notified of the discrepancy, and if the actual listing price continues to exceed the agreed-to listing price, the policy is canceled (appropriate terms and conditions are included in the finalized agreement and policy to permit this to happen automatically, or at the discretion of the Third Party).
  • the Third Party has collected and/or has access to current and up-to-date experience data of the following nature (it being understood that in the preferred embodiment, the experience data is continuously being updated), namely on a market by market basis, historical data relating to the sale price of comparable properties in comparable locations; the actual amount of elapsed time taken to sell comparable properties in comparable price ranges and comparable locations at fair market value, and in the absence of, or supplemental to, such data, the estimated amount of time that will be required to sell specific properties at fair market value in specific subject markets and statistical data or analysis or information relating to the variances of such estimate.
  • the Third Party's experience data/information and/or other data/information available to the Third Party includes data/information such as that provided in Figure 1 , namely the likelihood that a house in, for example, the Suite, Nova Scotia marketplace, within a predetermined price range of $200,000.00 to $225,000.00 will sell during the Elimination Period and thereafter, and the relevant data/information provided about that house being preferably stored in a database, spreadsheet or other structured and retrievable form on an electronic data storage device such as a hard drive, CD-ROM or other electronic data storage device known to a person skilled in the art, which electronic data storage device is accessible by a computer or other programmable or preprogrammed data processing device , the Third Party utilizing such data/information to in the calculation of the risk that the First House will not be sold at or above the previously agreed to minimum acceptable price before the expiration of any predetermined Elimination Period, and in the calculation of the risk that the First House will not sell at or above the previously agreed to Minimum Acceptable Price over a range of predetermined periods subsequent to the
  • the Third Party determines the most likely date of sale of the First House, and for a range of dates before and after such date, the likelihood on each of those days within that range that the First House will sell at or above the previously agreed to Minimum Acceptable Price on those days.
  • the Third Party will calculate (in the preferred embodiment, by way of a suitably programmed computer or other suitably programmed data processor) the potential claims exposure in respect of the sale of the First House, (and in one embodiment of the present invention, taking into account other potential claim exposure of relevant policies of a similar nature in that marketplace), calculate and quote a policy premium to be paid by the Vendor (which premium will preferably also take into account the Third Party's overhead, cost of sale, profit and such other amounts as would be understood by a person skilled in the art).
  • a policy agreement preferably in writing, may then be entered into between the Vendor and the Third Party, to have the Third Party accept all or some portion of the risk of carrying the agreed to costs associated with the First House past any agreed to point in time on such terms and conditions as are agreeable to the Vendor and Third Party, and any premium due to the Third Party in consideration of the policy being granted, is paid by the Vendor.
  • the Vendor is under no obligation to sell the First House for an amount less than the Minimum Acceptable Price.
  • a Third Party insurance product or policy is provided which is adapted to reducing or eliminating some or all of the risk to the Vendor that the Vendor will have to pay some or all of the Monthly Carrying Costs associated with the First House in the event that the First House is not sold within an acceptable or agreeable or predefined or determinable period of time and such other conditions and terms as are agreed to between the Third Party and the Vendor (which conditions and terms may include one or more conditions and terms as set out above), by way of an insurance policy between an insuring Third Party and the Vendor which will pay the agreed to portion of some or all of the Monthly Carrying Costs to the Vendor of the First House upon the failure of the Vendor to sell the First House within an agreed to, predefined or determinable period of time and/or such other terms and conditions (which conditions and terms may include one or more conditions and terms as set out above
  • an insurance product whereby an insurance policy is created by the Third Party for the Vendor identifying and recording the specific terms and conditions applicable to the policy (which terms and conditions may include one or more of the terms and conditions set out above), the policy transferring all or a portion of specified risk that the Vendor will have to pay some or all of the Monthly Carrying Costs after an acceptable or agreeable or predefined or determinable period of time, from the Vendor to the Third Party so as to reduce or mitigate some or all of the risk to the Vendor that the Vendor will have to pay some or all of the Monthly Carrying Costs associated with the First House in the event that the First House is not sold within an acceptable or agreeable or predefined or determinable period of time at or above the Minimum Acceptable Price.
  • experience data such as the historical average number of days required to sell a property comparable to the First House in the same geographic area as the First House, or alternatively proximate the geographic area of the First House and the historical sale price of a property comparable to the First House in the same geographic area as the First House, or alternatively proximate the geographic area of the First House is provided by the Third Party to an appropriately programmed computer or other programmed digital processor along with data relating to the Minimum Acceptable Price, the acceptable or agreeable or predefined or determinable period of time before which, if the First House is unsold, the Vendor has no right to make a claim under the policy agreement, the listing price and the Monthly Carrying Costs for the First House, the appropriately programmed computer or other programmed digital processor thereafter performing actuarial calculations utilizing such data/information and reporting to the Third Party information relating to the potential claim exposure to the Third Party of having to pay the Monthly Carrying Costs of the First House after the acceptable or agreeable or predefined or determinable period of time until the First

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Abstract

Procédé visant à réduire le risque qu'un Vendeur d'une Première Résidence ait à régler les Frais de Jouissance Mensuels associés à la Première Résidence si celle-ci n'est pas vendue dans un laps de temps prédéfini ou déterminable acceptable, ledit procédé comprenant les étapes consistant à calculer les Frais de Jouissance Mensuels associés à la Première Résidence; à établir un Prix Minimum Acceptable de vente de la Première Résidence; à calculer la probabilité que la Première Résidence ne sera pas vendue au Prix Minimum Acceptable ou pour un montant supérieur à celui-ci dans le laps de temps prédéfini ou déterminable acceptable et à calculer la durée probable nécessaire à la vente de la Première Résidence au Prix Minimum Acceptable ou pour un montant supérieur à celui-ci; à calculer le risque potentiel de réclamation du règlement des Frais de Jouissance Mensuels à l'issue du laps de temps prédéfini ou déterminable acceptable tant que la Première Résidence n'a pas été vendue au Prix Minimum Acceptable ou pour un montant supérieur à celui-ci; à calculer une prime à imputer au Vendeur; le Vendeur passant un contrat avec une Tierce Partie en vertu duquel le Vendeur s'engage à régler la prime et la Tierce Partie s'engage à régler les Frais de Jouissance Mensuels associés à la Première Résidence si celle-ci n'est pas vendue dans le laps de temps prédéfini acceptable et tant que la Première Résidence n'a pas été vendue au Prix Minimum Acceptable ou pour un montant supérieur à celui-ci.
PCT/CA2008/000177 2007-02-13 2008-01-28 Système, procédé et produit d'assurance permettant d'assurer des transactions immobilières WO2008098345A1 (fr)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU2008215125A AU2008215125A1 (en) 2007-02-13 2008-01-28 A system, method and insurance product for insuring real estate transactions

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
CA2,578,451 2007-02-13
CA 2578451 CA2578451A1 (fr) 2007-02-13 2007-02-13 Systeme et procede d'assurance des transactions immobilieres
CA2,595,742 2007-08-01
CA 2595742 CA2595742A1 (fr) 2007-02-13 2007-08-01 Systeme, methode et element assurance pour l'assurance de transactions immobilieres

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CA (2) CA2578451A1 (fr)
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Cited By (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US11037245B1 (en) 2015-10-15 2021-06-15 Allstate Insurance Company Generating insurance quotes
CN113837872A (zh) * 2021-01-08 2021-12-24 台州动产质押金融服务有限公司 适用于动产融资回购业务的数据管理系统
CN113837871A (zh) * 2021-01-08 2021-12-24 台州动产质押金融服务有限公司 适用于动产融资回购业务的数据管理方法

Citations (2)

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