Turn insurance policy documents into an easy-to-read coverage report. Spot potential gaps and help clients understand how their coverage protects their assets and fits their financial plan.
Review a client’s property and casualty coverage, including home, auto, landlord and umbrella policies from any carrier, then share a client-ready report with coverage details and questions to discuss with their insurance professional.
Skip reviewing documents line by line and instantly surface key policy details.
Clear visual indicators highlight potential gaps without deep insurance training.
Share a color-coded coverage report and an agent letter with the right questions to ask.
Provide tangible risk management value that sets your firm apart.
Bring the same clarity to insurance planning that you know from tax planning with Holistiplan.
Turn dense policy documents into clear reports that help clients understand their coverage, see potential gaps and know what to ask about next.
“This year’s renewal analysis found
a $5,367 premium reduction while maintaining the same coverage, just by increasing self-insurance in Rhode Island.”
Louise
Financial Advisor | Holistiplan Customer
Every carrier formats policy documents differently. Bring the key details together in one easy-to-read report you can share with clients, making coverage easier for you to review and for them to understand.
Dwelling limit, personal property, deductible, and liability — the four numbers most policies quietly outgrow.
Liability limits, uninsured/underinsured motorist coverage, and medical payments or PIP — coverage worth a closer look before an accident puts it to the test.
Dwelling limit, loss of rents, and liability — what happens to the rent check while the property's being repaired.
The excess limit, what it sits on top of, and whether it still holds up against at-risk assets.
A teen driver, a short-term rental, a boat — changes a renewal notice might not surface.
Same asset, different state, different protection.
Your client’s home and their liability exposure are two of the biggest risks to their wealth.
Compares the policy’s dwelling limit against what it would actually cost to rebuild the home today.
You help clients build wealth. Reviewing their insurance is another way to help protect it.
Consider coverage alongside their property, net worth and financial goals to bring a fuller view of risk into your planning.
Cost of doing nothing
A $100,000 shortfall in rebuilding coverage could mean drawing $100,000 or more from a client’s portfolio to cover the difference.
Beyond the withdrawal, clients could face taxes from selling investments and lose the future growth those assets might have earned. A coverage gap can reach well beyond the property itself.
Powered by industry-leading partners to streamline intake and resolve coverage gaps.
Skip manual PDF uploads and back-and-forth emails. Let clients securely connect their existing insurance accounts through Canopy Connect so you can retrieve policy documents directly.
Found a potential coverage gap? Hand off the report to Prizm’s vetted, licensed professionals so your client can explore coverage options and get competitive quotes. Stay focused on their financial plan while Prizm handles the insurance.
See what actively managing property & casualty risk can mean for your clients and your practice
Clients report enhanced satisfaction
Increase in total share of wallet captured.
Improvement in
firm longevity
Higher likelihood to recommend
Is P&C Insurance Planning part of Holistiplan’s Tax Planning software?
Yes. It’s the same platform advisors already use to turn a tax return into a client-ready plan, extended to cover a client’s home, auto, and umbrella coverage the same way.
Should financial advisors review homeowners insurance?
Yes. Homeowners insurance is directly tied to a client’s financial plan. An outdated dwelling limit or missing endorsement could leave a shortfall they need to cover from savings or investments after a claim. Reviewing it helps protect the plan you’ve already built together.
Do financial advisors need to review their clients’ insurance?
For CFP® professionals providing comprehensive financial planning, considering relevant risks and insurance coverage is part of the financial planning process under CFP Board’s Code of Ethics and Standards of Conduct. Coverage gaps can affect the financial plan you’ve built. Reviewing P&C insurance alongside investments, taxes and estate planning helps you identify exposures that could put clients’ assets and goals at risk.
Do I need an insurance license to use this?
No license needed. This is an extension of your financial planning work, not insurance sales. You already understand your client’s assets, liabilities and goals. Reviewing their coverage helps you consider how those are protected. When changes are needed, bring in a licensed insurance professional while you remain the client’s trusted advisor.
4 in 10 clients would move their wealth to an advisor who proactively manages their P&C risk. Be the one to start that conversation.
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