Coverage evaluation workspace
Evaluate coverage with transparent, illustrative tools
Three tools that show their math. None of them produce quotes or recommendations.
Policy Selection Evaluator
Lists selection factors and review questions.
Premium Balance Planner
Illustrative exposure from your own numbers.
Risk Gap Estimator
Illustrative gap from stated obligations.
Methodology and Assumptions
Inputs only
Every result uses only numbers you enter. No insurer pricing is used.
Simplified
Real policies add sub-limits, coinsurance, waiting periods and exclusions not modeled here.
Gap formula
Gap = obligations + income x years + liability exposure - current coverage - existing protection.
US dollars
All amounts are shown in US dollars.
Insurance Terminology Reference
Premium
The amount you pay for coverage, billed monthly or annually.
Deductible
The amount you pay on a covered loss before the insurer pays.
Coverage limit
The most a policy pays for a covered loss or period.
Exclusion
A cause or item the policy does not cover.
Endorsement
A change or add-on to the base policy.
Coinsurance
Your percentage share of covered costs after the deductible.
Common Calculation Mistakes
Comparing premium only
A cheaper premium can hide a larger deductible or lower limit.
Ignoring sub-limits
Some items have caps below the main limit.
Mixing monthly and annual
Multiply monthly premium by 12 before comparing.
Assuming full payout
Deductibles and exclusions reduce what is paid.
Coverage Selection Checklist
- Confirm what is covered and excluded
- Compare deductible and limit together
- Check replacement cost vs actual cash value
- Read claim notice requirements
- Review endorsement options
- Ask a licensed professional about your situation
FAQ
Are these quotes?
No. They are illustrations from your inputs.
Is my data saved?
Calculations run in your browser; nothing is sent anywhere by these tools.
Why does the gap look large?
It follows the stated formula. Adjust inputs to match your situation.
Reader Support
Found a calculator problem or have a suggestion? Tell the desk.
Disclaimer: Tools use assumptions you provide and give illustrative results only. They are not insurance quotes, coverage determinations, or legal, tax or personalized advice. Actual terms depend on your insurer, policy and state; review official policy documents and consult a qualified professional.