Insurance Coverage Audit

Prompt

Audit my insurance coverage and identify gaps, over-coverage, and optimization opportunities.

Personal context:
- Age: [AGE]
- Marital status: [SINGLE / MARRIED]
- Dependents: [NUMBER AND AGES]
- Annual income: [AMOUNT]
- Net worth: [APPROXIMATE]
- Employment: [EMPLOYEE WITH BENEFITS / SELF-EMPLOYED / OTHER]
- Major assets: [HOME / CARS / BUSINESS / RENTAL PROPERTY]

Current insurance policies:
- Health insurance: [PLAN TYPE, DEDUCTIBLE, OUT-OF-POCKET MAX]
- Life insurance: [TYPE, COVERAGE AMOUNT, PREMIUM]
- Disability insurance: [SHORT-TERM / LONG-TERM / NONE]
- Auto insurance: [COVERAGE LEVELS AND DEDUCTIBLES]
- Homeowners/Renters: [COVERAGE AMOUNT]
- Umbrella policy: [YES/NO, COVERAGE AMOUNT]
- Other policies: [LIST]

Conduct the audit:

1. **Coverage Adequacy Assessment** — For each policy: is the coverage amount right for my situation?

2. **Life Insurance Analysis** — How much life insurance do I actually need? DIME method calculation.

3. **Disability Insurance Gap** — What's my income replacement if I can't work? Is the gap dangerous?

4. **Deductible Optimization** — Am I over- or under-insured via deductible choices? The math on higher deductible + self-insurance.

5. **Gaps Identified** — What risks am I carrying that insurance should be covering?

6. **Over-Insurance** — Where am I paying for coverage I don't need?

7. **Cost Reduction Opportunities** — Specific actions to reduce premiums without sacrificing necessary coverage.

8. **Priority Actions** — Ranked list of insurance changes to make, by urgency and impact.