Patent ID: 8566128

Claim:
A method for providing insurance coverage, comprising the steps of: providing access to at least one database stored in a computer accessible memory device including information about a particular property or interest; utilizing information in the at least one database to create, with a computer, risk profiles over time, relative to insuring the particular property or interest; determining by a computer, using the risk profiles created, for a particular policy term of a first duration: two or more coverage periods in which insurance coverage is provided on the particular property or interest by a first insurer, the total duration of the two or more coverage periods being less than the first duration; at least a third coverage period in which insurance coverage is provided on the particular property or interest by a second insurer, the at least a third coverage period of the second insurer being different than the two or more coverage periods of the first insurer; and generating an insurance policy for the particular property or interest having the particular policy term and which provides coverage by only the first insurer during the two or more coverage periods determined and by only the second insurer during the at least a third coverage period determined, at least two of the two or more coverage periods being non-contiguous in time during the first duration.