PolicyTools

Coverage Review Checklist

Run a structured annual review across every policy, so gaps and duplications get found before a claim finds them.

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Free · No sign-up · Runs in your browser

Insurance gaps are almost never created by a decision. They open because circumstances change and policies do not: a renovation, a new vehicle, a child leaving home, a rise in construction costs, a discount that expired without notice.

An annual review catches those before a claim does. This checklist covers the documents to gather, the life changes that matter, the numbers to re-check and the duplications that are easy to miss.

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How to use the coverage review checklist

  1. Gather every declarations page first - the review is much faster with the documents in front of you.
  2. Work through the life-changes section; anything ticked there usually implies a coverage change.
  3. Re-check each limit against a current figure rather than against last year’s.
  4. Finish with the discounts section, then download the list to take into a call with your agent.

What people use this for

  • An annual audit of household insurance before the largest renewal.
  • Reviewing cover after a move, a renovation or a change in the household.
  • Preparing for a conversation with an agent with specific questions.
  • Checking a small business is not relying on personal policies for business exposures.

The life-changes section is the important one

Almost every genuine coverage gap traces back to something that changed in the household or the business. The policy did not become wrong; the situation moved away from it.

That is why the review starts there rather than with the numbers. A change ticked in that section usually implies a specific limit that now needs re-checking, and it makes the rest of the review much faster.

Duplication is quieter than under-insurance

Under-insurance announces itself at a claim. Duplication never announces itself at all - it simply costs money every year for cover you already have from somewhere else.

Roadside assistance, travel cover, gadget cover and accidental death benefits are the usual culprits, because they arrive attached to other products rather than being bought deliberately.

What this checklist does not do

It does not know your policies, your jurisdiction or your circumstances. It is a structured prompt, not a coverage opinion, and ticking every box does not mean you are adequately insured.

For anything that turns out to be complicated - business exposures, unusual property, high liability exposure - a licensed agent or broker is the right next step.

Methodology and assumptions

What this calculator does, and what it deliberately does not do.

  • The checklist is a general annual-review sequence. It does not reflect any particular policy form, carrier or jurisdiction.
  • Progress is stored in your browser using local storage and is never uploaded.
  • All figures are estimates produced from the values you enter. This site has no rate feed and no carrier data, so it cannot quote or price a policy.
  • Nothing you type is transmitted or stored - the calculation runs entirely inside your browser.

This calculator provides an estimate based on the information you enter. Actual insurance premiums, coverage, eligibility and pricing vary by provider and individual circumstances.

This website is not an insurance company, an insurance agency or a licensed broker. It does not sell insurance, does not provide insurance quotes, and is not authorised to give advice about which policy you should buy.

No result produced here is an offer of insurance or a guarantee of coverage. Only a licensed insurer or agent, working from your verified details, can quote or bind a policy.

Frequently asked questions

How often should I run a full review?

Once a year is enough for most households, plus immediately after any significant life change.

Is my progress private?

Yes. It is stored in your own browser and never transmitted anywhere.

Do I need an agent to do this?

No, though an agent can answer the questions the review raises. Arriving with specific questions makes that conversation far more productive.

What if the review finds a gap?

Most gaps are closed with an endorsement rather than a new policy. Ask your carrier first - it is usually the cheapest route.

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