Patent ID: 7734485
Filing Date: 2010-06-08
Classification: G06Q

Abstract:
1. An insurance method, comprising: providing a computer having an insurance processor; receiving, by an insurance processor, transaction data pertaining to a plurality of purchases made by a user with a financial card over a predetermined period of time, the transaction data comprising a purchase amount of each of the purchases and item data of each item associated with each of the purchases; providing, by the insurance processor, a list of the items of each of the purchases to the user, wherein the list comprises only the items from purchases having a purchase amount that exceeds a predetermined threshold; providing, to the user by a premium generator of the insurance engine, a plurality of premium quotes to insure the items on the list; receiving, at the insurance processor, an indication from the user regarding at least one item on the list to be insured and receiving an acceptance of the premium quote for the at least one item; and insuring the at least one item by the insurance processor.