Patent ID: 7966202

Claim:
A system comprising: a computer processor; a data bus coupled to the computer processor; and a non-transitory computer-usable medium embodying computer program code, the computer usable medium being coupled to the data bus, the computer program code for fulfilling modeled insurance coverage and comprising instructions executable by the computer processor and configured for: displaying a first insurance policy issued to a member having a first premium within a user interface, wherein said first insurance policy comprises a plurality of claim scenario parameters and a plurality of pricing data, wherein the plurality of claim scenario parameters include damage to a property and injury to a person, and wherein said first insurance policy includes a first plurality of coverage parameters and a first plurality of associated coverage limits comprising: a coverage parameter related to damage to the property and an associated coverage limit for damage to the property; and a coverage parameter related to injury to the person and an associated coverage limit for injury to the person; receiving a plurality of selected claim scenario parameters and associated value selections for each of the plurality of selected claim scenario parameters; generating a claim scenario, using the computer processor, from a plurality of claim data using the plurality of selected claim scenario parameters and the associated value selections for each of the selected 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 computer processor, a first plurality of coverage parameter disparities using said claim scenario and said first plurality of associated coverage limits, wherein at least one coverage parameter disparity represents a difference between the monetary amount for the damage to the property and the associated coverage limit for damage to the property, and wherein at least one coverage parameter disparity represents a difference between the monetary amount for the injury to the person and the associated coverage limit for injury to the person; modifying within the user interface said first plurality of associated coverage limits to partially or fully offset said first set of coverage parameter disparities, thereby generating a second plurality of coverage parameters, a second plurality of associated coverage limits, and a second set of coverage parameter disparities; and calculating a second premium from said second plurality of coverage parameters, said second plurality of associated coverage limits, and said plurality of pricing data; and generating a second insurance policy comprising said second plurality of coverage parameters, said second plurality of associated coverage limits, and said second premium.