Patent ID: 7966200

Claim:
A system comprising: a computer processor; a data bus coupled to the computer processor; and a non-transitory computer-usable medium embodying computer program code, the non-transitory computer-usable medium being coupled to the data bus, the computer program code for modeling insurance coverage and comprising instructions executable by the computer processor and configured for: displaying within a user interface a plurality of claim scenario parameters for an insurance policy issued to a member, wherein the plurality of claim scenario parameters include damage to a property and injury to a person and the insurance policy includes a first plurality of coverage parameters and a first plurality of associated coverage limits comprising: a coverage parameter related to damage to the property and an associated coverage limit for damage to the property; and a coverage parameter related to injury to the person and an associated coverage limit for injury to the person; receiving a set of selected claim scenario parameters, associated value selections for each of the plurality of selected claim scenario parameters, and a plurality of claim data, wherein the plurality of claim data corresponds to the set of selected claim scenario parameters; generating a claim scenario, using the computer processor, from the plurality of claim data, the plurality of selected claim scenario parameters, and the associated value selections for each of the selected claim scenario parameters, wherein the claim scenario includes monetary amounts for the damage to the property and the injury to the person; applying elements of the generated claim scenario to a first plurality of coverage parameters for the insurance policy issued to the member; generating, using the computer processor, a first plurality of coverage parameter disparities using said claim scenario and said first plurality of associated coverage limits, wherein each coverage parameter disparity represents a difference between: the monetary amount for the damage to the property and the associated coverage limit for damage to the property; and the monetary amount for the injury to the person and the associated coverage limit for injury to the person; displaying said first plurality of coverage parameter disparities within the user interface; and performing comparison operations between a second plurality of coverage parameters, a second plurality of associated coverage limits, and said plurality of claim data to determine a second plurality of coverage parameter disparities, wherein: said second plurality of coverage parameters comprises coverage parameters selected by a peer group of holders of said insurance policy; and said second plurality of coverage parameters, said second plurality of associated coverage limits, and said second plurality of coverage parameter disparities are displayed within said user interface.