Patent ID: 8224679

Claim:
A method for modeling insurance coverage, the method comprising: providing a processor; providing a memory coupled to the processor and including data related to a plurality of claims; displaying within a user interface, a plurality of claim scenario parameters for an insurance policy issued to a member, wherein the plurality of claim scenario parameters include damage to a property and injury to a person, and wherein the insurance policy includes: a coverage limit associated with damage to the property; and a coverage limit associated with injury to the person; receiving a value for the coverage limit associated with each of the plurality of claim scenario parameters; retrieving, from the memory, data related to the plurality of claims; selecting, using the processor, relevant claim data from the data related to the plurality of claims, wherein the relevant claim data is selected using the plurality of claim scenario parameters; generating a claim scenario, using the processor, based on the relevant claim data, and the values associated with each of the plurality of claim scenario parameters, wherein the claim scenario includes monetary amounts for the damage to the property and the injury to the person; generating, using the processor and the claim scenario, a plurality of coverage parameter disparities including: an amount over which the monetary amount for the damage to the property exceeds the coverage limit associated with damage to the property; and an amount over which the monetary amount for the injury to the person exceeds the coverage limit associated with injury to the person; and displaying within the user interface the plurality of coverage parameter disparities.