System and method for providing an insurance premium for price protection
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United States of America Patent
Stats
-
Nov 22, 2011
Grant Date -
Jul 21, 2011
app pub date -
Mar 31, 2011
filing date -
Apr 9, 2007
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
Systems and methods for providing an insurance premium in association with an insurance strike price for a commodity are disclosed. By paying the insurance premium a consumer may obtain price protection for a commodity purchase. In particular, in one embodiment a consumer may obtain the right to be reimbursed for any amount paid over the insurance strike price for the commodity.
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