Systems, methods, and computer-readable media for localizing faults in a network policy are disclosed. In some examples, a system or method can obtain TCAM rules across a network and use the TCAM rules to perform an equivalency check between the logical model and the hardware model of the network policy. One or more risk models are annotated with output from the equivalency check and the risk models are used to identify a set of policy objects of the network policy that are likely responsible for the faults.