Patent ID: 8219421

Claim:
A computer based electronic method for determining and issuing an insurance policy comprising: determining, by the computer, and presenting a set of premiums and deductibles for the insurance policy by: identifying a class of pets to be insured; estimating a distribution of annual veterinary expenses for an average pet of a species of a class of pet to be insured based on a look-up table, the annual veterinary expenses optionally occurring within a first geographic region to pet owners in a first demographic category or during a first time period; adding expected non-benefit related expenses to the distribution of annual veterinary expenses to be incurred by a first insurance company in order to provide the insurance policy, the adding of the expected non-benefit related expenses yielding a set of average premiums versus deductibles, discounting a set of actual premiums by an amount governed by a preferred reduced vaccination frequency of the particular pet to be insured, the discounted set of actual premiums yielding a set of required premiums versus deductibles; and assembling and electronically presenting, by the computer, the set of required premiums versus deductibles to a potential customer; and issuing the insurance policy having a premium and a deductible.