Patent ID: 8620693

Claim:
A system for administering insurance policies for issue to a consumer by a primary insurer without requiring deductible payments by the consumer, the system comprising: at least one processor; a memory coupled to the at least one processor; and one or more programs, wherein the one or more programs are stored in the memory and configured to be executed by the at least one processor, the one or more programs including instructions for: providing a deductible option selection screen on a graphical user interface; receiving a deductible option selection from the graphical user interface; storing the deductible option selection in a storage device; and responsive to receiving an insured deductible option selection from the graphical user interface, communicating, via a communications network, the deductible option selection to the primary insurer and a secondary insurer distinct from the primary insurer, the primary insurer issuing to the consumer an insurance policy having a deductible, and the secondary insurer providing deductible insurance coverage for the policy without involving the consumer.