Patent ID: 8510160

Claim:
A method for insuring a reward of an individual, comprising: processing, on at least one processing unit of a computer, information associated with an account of the individual having an associated reward, the reward being redeemable for a good or service, the information associated with the account being stored in a memory unit; and determining, on the at least one processing unit, whether to offer insurance coverage for the reward based upon the information and a result of the processing, the insurance coverage operable for reissuing at least a portion of the reward after the reward is redeemed for the good or service and after a qualified loss occurs in relation to the good or service, wherein the determining of whether to offer insurance coverage includes determining whether to offer the insurance coverage according to one of a plurality of options, the options including offering the insurance coverage at no cost to the individual, and the options including offering the insurance coverage in exchange for at least one reward unit.