SYSTEMS AND METHODS FOR HOME INVENTORY AND INSURANCE

1 . A method of operating a home inventory and insurance system, the method comprising:

providing a processor;

providing a home inventory database coupled to the processor;

providing an insurance database coupled to the processor;

receiving data related to an item purchased by a user;

determining, using the processor and the insurance database, a policy cap for an insurance policy associated with the user;

determining, using the processor and the insurance database, that adding the item to the insurance policy will result in a value of items covered by the insurance policy exceeding the policy cap by a predetermined amount; and

providing, using the processor, an insurance quote for an updated insurance policy having a new policy cap greater than or equal to the policy cap plus the predetermined amount.

2 . The method of claim 1 wherein the data is received from a merchant from which the item was purchased.

3 . The method of claim 2 wherein the data is included in a receipt provided by the merchant.

4 . The method of claim 1 wherein the data is received from a computing device of the user.

5 . The method of claim 1 further comprising insuring the item under the updated insurance policy.

6 . The method of claim 1 further comprising:

determining that a value of the item exceeds a predetermined threshold; and

providing, using the processor, an insurance quote for the item.

7 . The method of claim 1 further comprising adding, using the processor, the item to the home inventory database.

8 . A non-transitory computer-readable storage medium comprising a plurality of computer-readable instructions tangibly embodied on the computer-readable storage medium, which, when executed by a data processor, provide for operation of a home inventory and insurance system, the plurality of instructions comprising:

instructions that cause the data processor to receive data related to an item purchased by a user;

instructions that cause the data processor to determine, using an insurance database, a policy cap for an insurance policy associated with the user;

instructions that cause the data processor to determine, using an insurance database, that adding the item to the insurance policy will result in a value of items covered by the insurance policy exceeding the policy cap by a predetermined amount; and

instructions that cause the data processor to provide an insurance quote for an updated insurance policy having a new policy cap greater than or equal to the policy cap plus the predetermined amount.

9 . The non-transitory computer-readable storage medium of claim 8 wherein the data is received from a merchant from which the item was purchased.

10 . The non-transitory computer-readable storage medium of claim 9 wherein the data is included in a receipt provided by the merchant.

11 . The non-transitory computer-readable storage medium of claim 8 wherein the data is received from a computing device of the user.

12 . The non-transitory computer-readable storage medium of claim 8 further comprising instructions that cause the data processor to insure the item under the updated insurance policy.

13 . The non-transitory computer-readable storage medium of claim 8 further comprising:

instructions that cause the data processor to determine that a value of the item exceeds a predetermined threshold; and

instructions that cause the data processor to provide an insurance quote for the item.

14 . The non-transitory computer-readable storage medium of claim 8 further comprising instructions that cause the data processor to add the item to the home inventory database.

15 . A home inventory and insurance system comprising:

a processor;

a home inventory database coupled to the processor;

an insurance database coupled to the processor; and

a communications module coupled to the processor and operable to receive data related to an item purchased by a user;

wherein the processor is operable to determine, using the insurance database, a policy cap for an insurance policy associated with the user;

wherein the processor is operable to determine, using the insurance database, that adding the item to the insurance policy will result in a value of items covered by the insurance policy exceeding the policy cap by a predetermined amount; and

an insurance engine operable to provide an insurance quote for an updated insurance policy having a new policy cap greater than or equal to the policy cap plus the predetermined amount.

16 . The home inventory and insurance system of claim 15 wherein the data is received from a merchant from which the item was purchased.

17 . The home inventory and insurance system of claim 15 wherein the data is received from a computing device of the user.

18 . The home inventory and insurance system of claim 15 wherein the insurance engine is further operable to insure the item under the updated insurance policy.

19 . The home inventory and insurance system of claim 15 wherein the processor is further operable to determine that a value of the item exceeds a predetermined threshold and the insurance engine is further operable to provide an insurance quote for the item.

20 . The home inventory and insurance system of claim 15 further comprising a home inventory engine operable to add the item to the home inventory database.