Fri, Oct 31, 2014 15:36
HomeMost Recent NewsLone Star Business BlogContact Us
Advertise with Texas Business
Patent: To Insure Your Emergency Hoards of Food
Patent: To Insure Your Emergency Hoards of Food | sanant_txbz, Bradley J. Billman, patent, 8229771, insuring stored food, stored food,

Bradley J. Billman of San Antonio recently received U.S. Patent 8,229,771 for “Systems and Methods for Insuring Stored Food.”

Texas Business Patent of the Day:  A Texas man has invented an insurance that covers stored food.

Bradley J. Billman of San Antonio recently received U.S. Patent 8,229,771 for “Systems and Methods for Insuring Stored Food.”

Billman applied for the patent on November 29, 2011.

The patent assignee is United Services Automobile Association (USAA) in San Antonio.

Many people store food, so that the food can be used for emergencies. Examples of emergencies include natural disaster, war, job loss, or any other situation that might make food difficult to obtain. Storing food may make a person feel more secure, knowing that he or she will not go hungry in the event that an emergency makes food unavailable.

Billman saw that while food storage provides this measure of security, it also creates a risk: The food could spoil, or could be damaged, or could be stolen, thereby causing the person who stored the food to lose the money invested in the food. This risk may cause people to avoid storing food. 

Food storage insurance may be provided in order to mitigate the risk that money invested in stored food will be lost. The insurance may cover food in the event of loss, damage, spoilage, or any other event. The insurance coverage may be subject to various conditions. For example, insurance coverage might be limited to non-perishable items. As another example, coverage might be made conditional on rotating stores of food, storing the food in a temperature-controlled area, or on any other conditions.