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Insurance policy

Review an insurance policy before you need it

Nobody reads a policy until they have a claim, which is exactly when the exclusions and conditions precedent become expensive. The insuring clause tells you what is covered in one paragraph; the next forty pages narrow it.

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For individuals and small businesses buying or renewing cover.

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What we check in an insurance policy

Every review of this contract type runs the full checklist, then reports what it found with the clause quoted and the line number.

  • The insuring clause - what is actually covered, in the insurer's own words
  • The exclusions schedule, and any exclusion that swallows the cover you bought it for
  • Conditions precedent to liability, breach of which can void a claim entirely
  • Notification deadlines, and whether cover is claims-made or occurrence-based
  • Limits of indemnity, and whether they are per claim or in the aggregate
  • Excess or deductible, per claim and per policy period
  • Sub-limits hidden inside the headline limit
  • Warranties and the duty of fair presentation at inception and renewal
  • Territorial and jurisdictional limits
  • Cancellation rights and premium refund on cancellation
  • Whether defense costs sit inside or outside the limit

Red flags we see most often

These are the specific terms that turn a routine insurance policy into an expensive one.

  • Defense costs inside the limit, so legal fees erode the money available to pay a claim
  • A notification condition requiring immediate notice with no definition of immediate
  • Claims-made cover with no run-off provision after the policy ends
  • A sub-limit far below the headline limit for the risk you actually face
  • Exclusions that remove the specific peril the policy is marketed against
  • Conditions precedent attached to routine administrative obligations
  • Average clauses that reduce every payout if the sum insured is understated
A insurance policy with clauses highlighted by risk level, each mapped to a ranked finding with its risk chip and clause reference.
Every clause located, scored, and tied back to the exact text it came from.

What you get back

Not a summary of what the contract says. A list of what to change, and the wording to change it to.

1

Risk score and verdict

A calibrated 0–100 score with a one-line verdict. Clean documents score low — the score is only useful if it can say "this is fine".

2

Findings with the quote

Each issue names the clause, quotes it verbatim, explains the consequence in your contract's own numbers, and says how far it deviates from market standard.

3

Pasteable redlines

Replacement wording drafted for each issue, ready to send back to the other side.

4

What's missing

The standard protections for this contract type that your document does not contain.

5

Deadlines to calendar

Every date and trigger that costs you something if you miss it, with the consequence spelled out.

6

Negotiation playbook

Your asks in priority order, the reason to give for each, and the fallback position if they refuse.

Questions about insurance policys

What is a condition precedent in an insurance policy?

An obligation you must satisfy before the insurer is liable to pay. Breach can defeat a claim entirely, even where the breach caused no loss - late notification is the classic example. They deserve more attention than the exclusions most people read.

What is the difference between claims-made and occurrence cover?

Occurrence cover responds to events that happened during the policy period, whenever the claim arrives. Claims-made cover responds only to claims notified during the period, so a gap in cover or a missing run-off provision can leave old work uninsured.

Are defense costs included in the limit?

It depends on the policy, and it matters enormously. Where defense costs sit inside the limit, a long dispute can consume most of the cover before anything is paid to the claimant. Costs-in-addition wording is better and worth asking about.

What is an average clause?

A provision reducing any payout proportionately if the sum insured is less than the true value at risk. Understate your stock or rebuild cost by a third and a partial claim can be cut by a third, even though it is well within the limit.

Review your insurance policy now

$49, no account, about two minutes. See a complete sample report first if you want to judge the depth before paying — and if yours finds nothing you can act on, we refund it.

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