Patent ID: 8069068

Claim:
A system for issuing an insurance policy on food, the system comprising: at least one computing device with a processor and a memory having instructions stored therein that are executable by the processor to: receive information about said food; receive information about how said food is to be stored and rotated; receive underwriting data that describes a loss experience associated with a type of said food, wherein the loss experience identifies the way in which said food is to be stored and rotated; determine a premium of said insurance policy based on said received underwriting data, a type of food to be covered by the insurance policy, and a manner in which said food is to be stored and rotated; issue said food insurance policy; issue an alert to a policyholder of said insurance policy, said alert advising said policyholder to rotate said food by replacing said food with new food; receive, from said policyholder, a confirmation that said food has been rotated; and in the event of a claim for loss or damage to an item of food that is covered by said food insurance policy, issue a card or certificate that is redeemable for a food item commensurate in value to the item of food that that was lost or damaged.