Disclosed herein are systems and method for determining data storage insurance policies. In an exemplary implementation, a method comprises receiving a request to add a data storage insurance policy to a plurality of data files. The method comprises extracting data file attributes and determining a data recovery score for each respective data file based on a uniqueness, criticality, and/or importance of the respective data file. The method comprises determining a hardware score for each of a plurality of performance tiers comprising at least one storage server, based on an available capacity, a performance cost, and/or data recovery scores of data files currently stored at each of the plurality of performance tiers. The method comprises selecting and executing a data storage insurance policy for the respective data file based on a plurality of data recovery rules and/or the comparison of the data recovery score and the hardware score.