Patent ID: 8126745

Claim:
A non-transitory computer-readable medium comprising computer-readable instructions for digital data insurance, said computer-readable instructions comprising instructions that are executed by a number of processors to: receive information by an insuring institution from a user of digital data, a retailer of the digital data, or a user computing device used to store the digital data; receive information pertaining to the digital data; generate an insurance policy providing insurance of the digital data, wherein the insurance of the digital data comprises a selection between a monetary reimbursement of the digital data, a replacement of the digital data by a retailer, and a backup of the digital data without a monetary reimbursement or replacement by the retailer of the user computing device used to store the digital data; receiving instructions from the user regarding insurance of at least a portion of the digital data; revising the insurance policy for at least the portion of the digital data in accordance with the instructions from the user; providing the revised insurance policy for at least the portion of the digital data; monitoring the user computing device to detect newly acquired digital data in addition to the already known digital data; and generating providing a new insurance policy for the newly acquired digital data in response to a user accepting an offer for said policy a new insurance policy providing insurance of the newly acquired digital data.