Patent ID: 7983937

Claim:
A system comprising: a processor; a data bus coupled to the processor; and a non-transitory computer-usable medium embodying computer program code, the non-transitory computer-usable medium being coupled to the data bus, the computer program code for modeling recommended insurance coverage and comprising instructions executable by the processor and configured for: transmitting information to display a first insurance policy having a first premium within a user interface, wherein said first insurance policy comprises a first plurality of coverage parameters and a plurality of pricing data; generating a claim scenario from a plurality of claim data in response to selecting a plurality of claim scenario parameters; using said claim scenario and said first plurality of coverage parameters to generate a first set of coverage parameter disparities; transmitting information to display recommended modifications to said first plurality of coverage parameters to offset said first set of coverage parameter disparities; receiving user input corresponding to acceptance of said recommended modifications; generating a second plurality of coverage parameters based on said recommended modifications to said first plurality of coverage parameters; and calculating a second premium from said second plurality of coverage parameters and said plurality of pricing data.