According to GlobalData’s company profile on USAA, digital lending was a key innovation area identified from patents. USAA's grant share as of June 2023 was 1%. Grant share is based on the ratio of number of grants to total number of patents.

Adjusting insurance policy based on property characteristics determined from aerial images

A recently filed patent (Publication Number: US20230118181A1) describes a method and system for determining changes in real estate properties using aerial images. The method involves receiving a first aerial image of a property and identifying the property within the image. A second aerial image is accessed from a database and formatted to align with the first image. By comparing the two images, the system determines any changes that have occurred to the property.

The patent also includes additional features and functionalities. One claim describes automatically adjusting an insurance policy term for the property based on the identified changes. This suggests that the system can analyze the changes in the property to determine if adjustments need to be made to the insurance coverage.

Another claim involves automatically sending notifications of the changes to an application on a user's computing device. This feature allows property owners to stay informed about any modifications or developments related to their real estate.

The patent also mentions the ability to receive data from smart home devices associated with the property. By analyzing this data, the system can further determine changes that have occurred to the property. This suggests that the system can integrate with smart home technology to gather additional information about the property.

Additionally, the patent mentions accessing public records related to the property to determine changes. This indicates that the system can utilize publicly available information to enhance its analysis.

The patent also includes a claim for accessing supplemental images from cameras located in or around the property. These images can be used to further identify and determine changes in the property.

Lastly, the patent describes the system's ability to provide recommendations to property owners based on the aerial images. These recommendations can be communicated to the owner through an application on their device.

Overall, the patent outlines a method and system for analyzing aerial images to determine changes in real estate properties. The system can automatically adjust insurance policies, send notifications, integrate with smart home devices, access public records, and provide recommendations to property owners.

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