Auto insurance is one of those areas where clients rarely think about their coverage until something goes wrong. Most people pick a policy based on price and never look at it again.
Your job isn't to shop auto insurance for them. It's to make sure the limits make sense given their financial picture.
How I think about it
The big number to look at is bodily injury liability. If your client causes an accident that injures someone and the medical bills exceed their coverage limit, they're personally responsible for the difference. A client with $50,000/$100,000 bodily injury limits and a $1.5 million net worth is exposed.
The other number that matters is the deductible. Higher deductibles mean lower premiums, but they also mean more cash out of pocket after an accident. That connects back to liquidity: can they cover a $1,000 deductible without stress?
What you're tracking
For each auto policy:
Bodily injury — two numbers: per person and per occurrence (e.g., $100,000/$300,000)
Property damage limit — coverage for damage to other people's property
Medical payments — coverage for medical expenses regardless of fault
Collision deductible — out-of-pocket for damage to their own vehicle in an accident
Comprehensive deductible — out-of-pocket for non-collision damage (theft, weather, animals)
Uninsured motorist — coverage if the other driver doesn't have insurance
Premium — how much they're paying and how often
What to look for
Auto insurance doesn't have a calculator in Kerdora because the "right" coverage depends on too many variables. But there are a few things I always check:
Bodily injury limits should be reasonable relative to net worth. If they have significant assets, they should carry higher limits (and probably an umbrella policy).
Deductibles should be affordable. If they're carrying a $2,500 deductible to save $30/month on premiums, make sure they actually have $2,500 accessible.
Uninsured motorist coverage is worth having. Depending on the state, it might be required anyway.
This is typically a quick review. Pull the dec page, check the limits, note any changes, move on.