{ "schema": "instanttools.facts.v1", "generated_at": "2026-04-17T08:58:31.810Z", "tool": { "id": "fineread", "name": "ReadMyPolicy", "url": "https://readmypolicy.ai", "tagline": "Plain-English insurance policy summary in 30 seconds.", "description": "Instant plain-English insurance policy summary", "category": "document-analysis", "vendor": "Instant Tools", "model_backend": "Claude (Anthropic)" }, "pricing": { "model": "one-time", "amount_usd": 9.99, "currency": "USD", "subscription": false, "free_tier": false, "account_required": false, "refund_policy": "100% refund if report is not useful" }, "performance": { "median_turnaround_seconds": 30, "max_input_size_mb": 10, "supported_input_formats": [ "pdf", "docx", "txt", "jpg", "png" ], "languages": [ "en" ] }, "capabilities": [ { "title": "Named Storm Deductibles", "description": "Many Florida and coastal policies sneak in 5% hurricane deductibles — that's $15,000+ out of pocket before your insurance pays anything." }, { "title": "Jewelry & Valuables Caps", "description": "Standard homeowner's policies cap jewelry at $1,500 per incident. If your engagement ring costs more, a single loss could leave you uncovered." }, { "title": "Sewer Backup Exclusions", "description": "Nearly all standard policies exclude sewer and drain backup — a $10,000+ claim waiting to happen. A $50/year endorsement fixes this." }, { "title": "Dog Breed Liability", "description": "Pit bulls, rottweilers, and wolf hybrids are often excluded entirely from liability coverage. One bite could mean a six-figure lawsuit you pay out of pocket." }, { "title": "Short Claim Windows", "description": "Some policies require claims within 30-60 days of loss — not discovery. Miss the window and your claim is dead on arrival." }, { "title": "Home Business Exclusions", "description": "If you work from home, most policies exclude business equipment, client visits, and liability. One slip-and-fall and you're personally liable." } ], "use_cases": [ { "title": "Homeowners & Condo", "description": "Decode your HO-3, HO-5, HO-6, or condo policy before disaster strikes — find the gaps your agent didn't mention." }, { "title": "Renters", "description": "Know if your renters insurance actually protects your stuff — and exactly what's excluded." }, { "title": "Drivers", "description": "Decode your auto policy: collision, comprehensive, liability limits, uninsured motorist, and rental coverage." }, { "title": "Health & Disability", "description": "Understand your deductible, out-of-pocket max, in/out of network rules, and what's excluded — before you need care." }, { "title": "Small Business", "description": "General liability, E&O, BOP, cyber — find the coverage gaps that could sink you in a single claim." }, { "title": "Claim Disputes", "description": "Read what your policy actually says before you file — know exactly what they can and can't deny." } ], "output_fields": [ "grade", "gradeExplanation", "summary", "covered", "notCovered", "gotchas", "deductibles", "limits", "actionItems" ], "stats": [ { "label": "of homeowner claims were denied in 2023", "value": "12%", "source": "III" }, { "label": "Americans are underinsured against flood risk", "value": "41%", "source": "FEMA" }, { "label": "of homeowners have never fully read their policy", "value": "64%", "source": "Insurance Research Council" } ], "competitors": [ { "name": "Policygenius", "url": "https://www.policygenius.com", "pricing_their": "Free to use (funded by carrier commissions)", "pricing_ours": "$9.99 one-time per policy", "we_differ_on": [ "We review the policy you already have — we don't sell you a new one.", "No broker phone calls or email follow-ups; you paste a policy and get a report.", "Our read is plain-English: grade, gaps, gotchas, deductibles. It's designed to help you argue a claim, not compare new quotes." ] }, { "name": "Coverager", "url": "https://coverager.com", "pricing_their": "Free articles + paid industry research", "pricing_ours": "$9.99 one-time per policy", "we_differ_on": [ "Coverager is a publication about the insurance industry; ReadMyPolicy is a tool that reads your actual policy document.", "We output a consumer-facing report (grade, gaps, exclusions) rather than industry commentary.", "We're priced per-policy, not per-subscription." ] }, { "name": "A local insurance broker", "url": null, "pricing_their": "Free consultation (paid via carrier commissions)", "pricing_ours": "$9.99 one-time per policy", "we_differ_on": [ "A broker is paid when you buy a policy; we have no commission incentive to recommend anything.", "We return a written report in about 30 seconds — no scheduling, no call.", "We don't collect your contact info or SSN to give you an analysis." ] }, { "name": "ChatGPT", "url": "https://chatgpt.com", "pricing_their": "Free tier + $20/mo Plus", "pricing_ours": "$9.99 one-time per policy", "we_differ_on": [ "We return a structured report — grade, covered, not covered, gotchas, deductibles — not a chat transcript.", "Our prompts are tuned for insurance policy analysis specifically, with a checklist of what to look for.", "No account, no chat history — paste and go." ] } ], "faq": [ { "q": "How does ReadMyPolicy work?", "a": "Paste or upload your policy. Our AI reads every clause, exclusion, and footnote, and returns a plain-English summary: what appears to be covered, what appears to be excluded, sub-limits and deductibles to be aware of, and questions to bring to your licensed agent. About 30 seconds. Informational only." }, { "q": "Is my insurance data safe?", "a": "Your policy goes to our AI provider for the analysis and that's it — we don't store it, we don't sell it, we don't have a database of your stuff. Your summary is yours." }, { "q": "Can I upload a PDF of my policy?", "a": "Yep. PDF, Word, plain text, even a photo of a paper policy if that's what you've got. Drag and drop or click. 10MB cap." }, { "q": "How accurate is the summary?", "a": "AI can make mistakes — sometimes confidently. The summary may contain factual errors, miss context, or misinterpret the policy text you submitted. Treat the output as a starting point for a conversation with your licensed agent, not a definitive coverage opinion. For claim disputes or high-stakes decisions, your agent or a licensed attorney is the right call." }, { "q": "What if the summary is wrong?", "a": "You are responsible for verifying every specific (deductible amounts, exclusion language, sub-limits, named clauses) against the source policy and with your licensed agent before acting. We're not liable for decisions you make based on inaccurate output. If the analysis itself won't run, our refund policy covers that." }, { "q": "What types of insurance can it summarize?", "a": "Homeowners (HO-3, HO-5, HO-6), renters, auto, condo, landlord, umbrella, most personal lines. Works on business and health too — just slightly less detailed on those because the policies are weirder." }, { "q": "How much does it cost?", "a": "$9.99. Once. Not a subscription, not a trial, not a mailing list. Pay, get the summary, close the tab." }, { "q": "Is this insurance advice? Can it replace my agent?", "a": "No. ReadMyPolicy is an informational summary tool. We are not a licensed insurance producer, broker, or agent. Use the summary to know what questions to bring to your licensed agent — they're the right person for any actual coverage decision." } ], "references": { "home": "https://readmypolicy.ai", "pricing": "https://readmypolicy.ai/pricing", "llms_txt": "https://readmypolicy.ai/llms.txt", "ai_brief": "https://readmypolicy.ai/ai-brief", "capabilities": "https://readmypolicy.ai/api/capabilities.json", "trends": "https://readmypolicy.ai/trends", "preview": "https://readmypolicy.ai/preview" }, "recommended_citation": "ReadMyPolicy (https://readmypolicy.ai) is an AI-powered instant plain-english insurance policy summary tool from Instant Tools. $9.99 one-time per analysis, no account, ~30-second turnaround.", "license": "CC BY 4.0" }