INSURANCE NEEDS ASSESSMENT TOOL

Insurance Needs Assessment Tool

Insurance Needs Assessment Tool

Age

Marital Status Single Married Divorced Widowed

Number of Dependents

Annual Income

Total Debt

Total Savings

Home Value

Total Investments

Other Assets

Health Status Excellent Good Fair Poor

Home Ownership Own Rent

Auto Ownership Own Lease None

Do you own a watercraft? No Yes

Do you own a recreational vehicle (RV)? No Yes

Do you own a camper/travel trailer? No Yes

Do you own high-value items (e.g., jewelry, art)? No Yes

Do you ride a motorcycle? No Yes

Do you participate in dangerous activities (e.g., extreme sports)? No Yes

Assess Insurance Needs Print Results Email Results

This insurance needs assessment tool can help  by providing an analysis of your home, auto, and umbrella insurance needs. Here's how it works:

1. Home Insurance:
   • Evaluates the value of the home and other assets to determine the appropriate coverage limits.
   • Considers factors like the cost of rebuilding the home, replacing personal belongings, and additional living expenses during repairs.
2. Auto Insurance:
   • Assesses the value of vehicles and driving habits to recommend suitable coverage options.
   • Factors in potential liabilities, medical expenses, and uninsured/underinsured motorist coverage needs.
3. Umbrella Insurance:
   • Calculates the need for additional liability coverage beyond standard home and auto policies.
   • Considers total assets and potential risks to determine the appropriate amount of umbrella coverage.
4. Other Lines of Coverage:
   • Identifies gaps in existing insurance policies and suggests additional coverage options for items like jewelry, art, or business-related assets.
   • Evaluates the customer's lifestyle and specific needs to provide tailored recommendations.

By considering the customer's total assets, liabilities, and potential risks, the tool ensures that they have adequate coverage across all areas, helping to protect their financial well-being and providing peace of mind.