Insurtech ToS Scanner

Your Insurtech Platform Terms Need Insurance-Specific Provisions

Lemonade, Root, Hippo - modern insurtech companies use algorithms for underwriting and claims. Generic terms don't address AI-driven denial triggers, behavioral data collection, or instant claims processing limitations.

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Sergei Tokmakov, Esq. California Bar #279869 · Fintech & Insurance Terms

The 6 Insurtech Provisions I Check First

These clauses separate adequate terms from bulletproof ones

1

Algorithm-Based Denial Triggers

What data points can trigger automatic claim denials? AI underwriting creates hidden denial conditions that traditional policies don't have. Your terms must disclose algorithmic factors.

2

Behavioral Data Collection Scope

Telematics, app usage, social media - insurtech companies collect data that affects premiums and claims. Terms should explicitly list data sources and how they impact coverage.

3

Instant Claims Processing Limitations

"3-minute claims" have fine print. What claims qualify for instant processing? What triggers human review? Your terms need clear escalation criteria.

4

Premium Adjustment Triggers

Dynamic pricing means your premium can change. What behaviors trigger increases? How much notice is required? Are there caps on mid-term adjustments?

5

Policy Modification Rights

Can the insurer change coverage terms mid-policy? Many insurtech platforms reserve broad modification rights that traditional insurers don't claim.

6

Appeals Process for AI Decisions

When an algorithm denies your claim, what's the appeals process? Human review requirements, timeframes, and escalation paths must be clearly defined.

Standard Insurance Terms I Also Verify

Beyond insurtech-specific provisions, I confirm these insurance essentials are properly addressed

Coverage Exclusions

What's explicitly not covered

Deductible Terms

Per-incident vs annual caps

Cancellation Rights

Notice periods and refund terms

Claims Filing Deadlines

Time limits for reporting

Subrogation Rights

Insurer recovery claims

Duty to Cooperate

Policyholder obligations

Dispute Resolution

Arbitration vs litigation

State Compliance

Jurisdiction-specific rules

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Analysis Results

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