Patent ID: 8589191

Claim:
A computer implemented method for a financial service provider to provide a Home Resale Price Protection Plan, said method comprising: a. receiving house sale information comprising; i. a price for a house; ii. an identity of a buyer of said house; and iii. a start date for said Home Resale Price Protection Plan to be in force; b. entering said house sale information into a computerized transactional system; c. determining by said computerized transactional system a premium for said Home Resale Price Protection Plan, wherein said step of determining said premium is based at least in part on: i. said price for said house; ii. a geographic region said house is located in; iii. a frequency of housing price drops in said geographic region, said frequency corresponding to an exponential time constant for housing price drops in the range of 5 years to 20 years; iv. a rate of sale of houses in said geographic region, said rate of sale corresponding to an exponential time constant for rate of sales in the range of 3 to 12 years; and v. at least one of the probabilities that said buyer will experience death, disability, hardship or combinations thereof during a coverage period of said Home Resale Price Protection Plan; and d. providing by said computerized transactional system a contract for said Home Resale Price Protection Plan wherein said contract comprises an obligation to provide compensation to said buyer of said house contingent at least in part on a drop of a House Price Index applicable to said house during said coverage period.