Patent ID: 8738407

Claim:
A non-transitory computer readable medium containing a set of computer readable instructions for determining a base rate for a requested hazard insurance policy that when loaded into a computer configure that computer to: receive demographic data, fire station data, or other risk-assessment data associated with a location associated with the requested hazard insurance policy; receive a coordinate pair including a longitude and latitude of the location; determine a coordinate grid block bounded by latitude and longitude lines, which grid block is associated with the coordinate pair and has a size determined at least in part by attributes of the location; query a database for a first plurality of existing data associated with the coordinate grid block; automatically determine that the quantity of existing data associated with the coordinate grid block is below a threshold level; in response to determining that the quantity of existing data associated with the coordinate grid block is below the threshold level, define a current ring of coordinate grid blocks surrounding the coordinate grid block; query the database for a second plurality of existing data associated with the current ring of coordinate grid blocks; determine a base rate for the requested hazard insurance policy based at least in part on the first and second pluralities of existing data and the demographic data, fire station data, or other data associated with a location; and transmit the determined base rate to a user.