Patent ID: 7711584

Claim:
A system for insuring a building structure by taking into account technologies that militate against loss comprising: a database identifying a plurality of technologies that reduce risk of loss to an associated building structure; and computer executable instructions stored in memory, for causing a processor to: issue, by an insurance company, an insurance policy covering a building structure that incorporates a sensor technology from the plurality of technologies identified in the database, wherein the incorporated sensor technology is capable of outputting data electronically; obtain, by the insurance company, monitoring data indicating a condition of the building based on data output electronically by the incorporated sensor technology, wherein the incorporated sensors from which data is obtained include at least one of a building smoke detector, a building fire detector, a building radiation detector, a building chemical hazard detector, a building biological hazard detector, a building water detector, and a building leakage detector; determine an alteration to a premium for the insurance policy based on the condition of the building indicated in the monitoring data, and alter the premium of the insurance policy based on the determination made by the processor.