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In this article, we will show you how to track your insurance policy using Excel. Simply follow the process below.
Access our free insurance policy tracking template below:
Insurance Policy Tracking Template for Excel
Insurance Policy Tracking Template for Google Sheets
Follow the steps below to use our insurance policy tracking template.
To add a new insurance policy, locate the first empty row below your existing data. Enter the policy details in the respective columns: Policy Number, Insurance Company, Type of Insurance, Policy Start Date, Policy End Date, Annual Premium, and Contact Information.
You can add rows by selecting a cell and right clicking on it. Select “Insert” to add a new row.
To sort your policies, for example, by the end date to see which policies are expiring soon, click on the filter arrow in the "Policy End Date" header. Select "Sort Oldest to Newest". This organizes your policies in ascending order by their end date.
If you want to view only a certain type of insurance, such as "Auto", use the filter feature. Click on the filter arrow in the "Type of Insurance" column, uncheck "Select All", and then check "Auto". Excel will now display only the auto insurance policies.
When policy details change, such as the renewal of a policy, locate the policy's row and update the information directly in the cells. This could involve changing the Policy End Date and Annual Premium.
To see the total cost of your premiums, navigate to the “Total Annual Premium.” The SUM function automatically calculates the sum of the annual premiums.
To remove a policy that is no longer active, right-click on the row number of the policy you wish to delete and select "Delete". This will remove the policy from your tracking.
Don't forget to save your workbook after making changes. Press Ctrl+S or click the Save icon. Regular saving prevents data loss and ensures your tracking is up to date.
Set a recurring reminder to review your Insurance Policy Tracking Template. This ensures policies are current, premiums are paid, and you're prepared for renewals.
We hope that you now have a better understanding of how to track your insurance policy using Excel. If you enjoyed this article, you might also like our article on Certificate of Insurance Tracking Template for Excel or our article on Lease Tracker Template.