# US 2014/0207495 A1 · Systems, computer-implemented methods, and computer medium to determine premiums and indemnities for supplemental crop insurance > Agents: this data is available as JSON from the patentgrep API and MCP server — see https://patentgrep.com/llms.txt - Number: US 2014/0207495 A1 - Document ID: US20140207495A1 - Status: Published application - Kind: A1 - Application number: 14/202,894 - Filed: 2014-03-10 - Published: 2014-07-24 - Earliest claimed: 2013-05-17 - Assignees: Watts and Associates, Inc. - Applicants: Watts and Associates, Inc. - Inventors: Tim Watts; Alex Offerdahl; Joe Atwood; Jim Driscoll; Steve Loar; Jeff Stabnow - Web page: https://patentgrep.com/patent/US20140207495A1 ## CPC - G06Q 40/08: Insurance - G06Q 40/00: Finance; Insurance; Tax strategies; Processing of corporate or income taxes - G06Q 50/02: Agriculture; Fishing; Forestry; Mining - G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR ## Abstract Provided are systems, machines, non-transitory computer medium having computer program instructions stored thereon, and computer-implemented methods for providing a premium or an indemnity for a supplemental crop insurance policy. The methods including providing for display of a supplemental crop insurance policy information content page including one or more loss parameter fields to be populated by a user with a corresponding set of supplemental crop insurance parameters, receiving a set of supplemental crop insurance parameters submitted by a user via populating the one or more parameter fields of the supplemental crop insurance policy information content page, determining a premium or an indemnity for the supplemental crop insurance policy based at least in part on the set of supplemental crop insurance parameters, and providing for the display of a supplemental crop insurance policy content page including the premium or the indemnity for the supplemental crop insurance policy. ## Claims ### Claim 1 A system comprising: one or more processors; and one or more memories storing program instruction that are executable by the one or more processors to cause the following steps: providing for display of a supplemental crop insurance policy indemnity information content page comprising one or more loss parameter fields configured to be populated by a user with a corresponding set of supplemental crop insurance loss parameters; receiving a set of supplemental crop insurance loss parameters submitted by a user via populating the one or more loss parameter fields of the supplemental crop insurance policy indemnity information content page; determining an estimated indemnity for a loss under the supplemental crop insurance policy based at least in part on the set of supplemental crop insurance loss parameters; and providing for the display of a supplemental crop insurance policy indemnity information content page comprising the estimated indemnity for the loss under the supplemental crop insurance policy. ### Claim 2 (depends on 1) The system of claim 1, wherein determining an estimated indemnity for a loss under the supplemental crop insurance policy based at least in part on the set of supplemental crop insurance loss parameters comprises determining an estimated indemnity for a loss under the supplemental crop insurance policy based at least in part on the set of supplemental crop insurance loss parameters in real-time using one or more predetermined indemnity functions. ### Claim 3 (depends on 1) The system of claim 1, wherein determining an estimated indemnity for a loss under the supplemental crop insurance policy based at least in part on the set of supplemental crop insurance loss parameters comprises: determining a highest alternative projected price; determining whether the highest alternative projected price exceeds a projected price or a RMA harvest price; and in response to determining that the highest alternative projected price does not exceed the projected price or the RMA harvest price, determining that an estimated indemnity for a loss under the supplemental crop insurance policy is zero. ### Claim 4 (depends on 1) The system of claim 1, wherein determining an estimated indemnity for a loss under the supplemental crop insurance policy based at least in part on the set of supplemental crop insurance loss parameters comprises: determining whether the supplemental crop insurance policy is associated with an RP or GRIP insurance plan; in response to determining that the supplemental crop insurance policy is associated with an RP insurance plan, determining an estimated indemnity for a loss under the supplemental crop insurance policy using one or more predetermined indemnity functions associated with RP insurance plans; and in response to determining that the supplemental crop insurance policy is associated with a GRIP insurance plan, determining an estimated indemnity for a loss under the supplemental crop insurance policy using one or more predetermined indemnity functions associated with GRIP insurance plans. ### Claim 5 (depends on 4) The system of claim 4, wherein determining an estimated indemnity for a loss under the supplemental crop insurance policy using one or more predetermined indemnity functions associated with RP insurance plans comprises: determining a highest alternative projected price; determining whether the highest alternative projected price exceeds a projected price or a RMA harvest price; and in response to determining that the highest alternative projected price does exceed the projected price or the RMA harvest price: applying a coverage level to an approved yield for each type and practice to generate a yield coverage; applying a highest projected price to the yield coverage to generate a coverage amount; applying the coverage amount to insured acreage to generate an insured coverage amount; applying a production count to a harvest price to generate a production amount; reducing the insured coverage amount by the production amount to generate a production loss; applying a share to the production loss to generate an eligible production loss; determining a RP indemnity; reducing the eligible production loss by the RP indemnity to generate an eligible loss; and applying a liability adjustment factor to the eligible loss to generate an estimated indemnity for the supplemental crop insurance policy. ### Claim 6 (depends on 4) The system of claim 4, wherein determining an estimated indemnity for a loss under the supplemental crop insurance policy using one or more predetermined indemnity functions associated with GRIP insurance plans comprises: determining a highest alternative projected price; determining whether the highest alternative projected price exceeds a projected price or a RMA harvest price; in response to determining that the highest alternative projected price does exceed the projected price or the RMA harvest price: determining a policy protection adjustment factor; applying the policy protection adjustment factor to policy protection for each type and practice to generate a coverage amount; determining a trigger revenue for each type and practice based at least in part on expected county yield, highest projected price, and selected coverage level; determining a county ratio based at least in part on the county revenue and the trigger revenue for each type and practice; applying the county ratio and the coverage amount to insured acreage and a share to generate an eligible production loss; determining a GRIP indemnity; reducing the eligible production loss by the GRIP indemnity to generate an eligible loss; and applying a liability adjustment factor to the eligible loss to generate an estimated indemnity for the supplemental crop insurance policy. ### Claim 7 A computer implemented method for presenting an estimated indemnity for a supplemental crop insurance policy, the method comprising: serving, to a user device for display to a user, a supplemental crop insurance policy indemnity information content page comprising one or more loss parameter fields configured to be populated by a user with a corresponding set of supplemental crop insurance loss parameters; receiving a set of supplemental crop insurance loss parameters submitted by a user via populating the one or more loss parameter fields of the supplemental crop insurance policy indemnity information content page; determining, by one or more processors, an estimated indemnity for a loss under the supplemental crop insurance policy based at least in part on the set of supplemental crop insurance loss parameters; and serving, to the user device for display to the user, a supplemental crop insurance policy indemnity information content page comprising the estimated indemnity for the loss under the supplemental crop insurance policy. ### Claim 8 (depends on 7) The method of claim 7, wherein determining an estimated indemnity for a loss under the supplemental crop insurance policy based at least in part on the set of supplemental crop insurance loss parameters comprises determining an estimated indemnity for a loss under the supplemental crop insurance policy based at least in part on the set of supplemental crop insurance loss parameters in real-time using one or more predetermined indemnity functions. ### Claim 9 (depends on 7) The method of claim 7, wherein determining an estimated indemnity for a loss under the supplemental crop insurance policy based at least in part on the set of supplemental crop insurance loss parameters comprises: determining a highest alternative projected price; determining whether the highest alternative projected price exceeds a projected price or a RMA harvest price; and in response to determining that the highest alternative projected price does not exceed the projected price or the RMA harvest price, determining that an estimated indemnity for a loss under the supplemental crop insurance policy is zero. ### Claim 10 (depends on 7) The method of claim 7, wherein determining an estimated indemnity for a loss under the supplemental crop insurance policy based at least in part on the set of supplemental crop insurance loss parameters comprises: determining whether the supplemental crop insurance policy is associated with an RP or GRIP insurance plan; in response to determining that the supplemental crop insurance policy is associated with an RP insurance plan, determining an estimated indemnity for a loss under the supplemental crop insurance policy using one or more predetermined indemnity functions associated with RP insurance plans; and in response to determining that the supplemental crop insurance policy is associated with a GRIP insurance plan, determining an estimated indemnity for a loss under the supplemental crop insurance policy using one or more predetermined indemnity functions associated with GRIP insurance plans. ### Claim 11 (depends on 10) The method of claim 10, wherein determining an estimated indemnity for a loss under the supplemental crop insurance policy using one or more predetermined indemnity functions associated with RP insurance plans comprises: determining a highest alternative projected price; determining whether the highest alternative projected price exceeds a projected price or a RMA harvest price; and in response to determining that the highest alternative projected price does exceed the projected price or the RMA harvest price: applying a coverage level to an approved yield for each type and practice to generate a yield coverage; applying a highest projected price to the yield coverage to generate a coverage amount; applying the coverage amount to insured acreage to generate an insured coverage amount; applying a production count to a harvest price to generate a production amount; reducing the insured coverage amount by the production amount to generate a production loss; applying a share to the production loss to generate an eligible production loss; determining a RP indemnity; reducing the eligible production loss by the RP indemnity to generate an eligible loss; and applying a liability adjustment factor to the eligible loss to generate an estimated indemnity for the supplemental crop insurance policy. ### Claim 12 (depends on 10) The method of claim 10, wherein determining an estimated indemnity for a loss under the supplemental crop insurance policy using one or more predetermined indemnity functions associated with GRIP insurance plans comprises: determining a highest alternative projected price; determining whether the highest alternative projected price exceeds a projected price or a RMA harvest price; and in response to determining that the highest alternative projected price does exceed the projected price or the RMA harvest price: determining a policy protection adjustment factor; applying the policy protection adjustment factor to policy protection for each type and practice to generate a coverage amount; determining a trigger revenue for each type and practice based at least in part on expected county yield, highest projected price, and selected coverage level; determining a county ratio based at least in part on the county revenue and the trigger revenue for each type and practice; applying the county ratio and the coverage amount to insured acreage and a share to generate an eligible production loss; determining a GRIP indemnity; reducing the eligible production loss by the GRIP indemnity to generate an eligible loss; and applying a liability adjustment factor to the eligible loss to generate an estimated indemnity for the supplemental crop insurance policy.