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AZ, IL, KY, PA, TN
Available states
24/7 claims
Online quotes
New home discount discount | No |
---|---|
New homeowner discount | No |
Home safety features discount | Yes |
New policy discount | No |
Bundling discount | No |
No claims discount | Yes |
Other discounts | Pay-in-full |
Personal property coverage | Yes |
---|---|
Valuable personal property | Yes |
Theft coverage | No |
Fire coverage | Yes |
Flood coverage | No |
Identity theft coverage | Yes |
Homesharing | Yes |
Dwelling coverage | Yes |
Review by
Sarah George is a writer at Finder who unravels complicated topics about insurance, business and finance. She's been wordsmithing for nearly five years, after earning an English education degree. Her insurance know-how has been featured on CarInsurance.com. You can usually find Sarah sipping hot tea and talking through movie plots in her downtime.
Openly poses an interesting plan for individuals owning expensive homes who need the fullest protection possible and offers some of the highest limits we’ve seen. It also throws in many free perks like roof-matching and ordinance coverage that takes pressure off when damage happens to your home.
The main downsides are its lack of experience since its new on the market and the limited number of states where you can buy a policy. We hope to see some improvement with clear details on its website so that customers don’t have to spend unnecessary time breaking down which coverage they have. For the details in easy-to-understand language, request a quote by email where you’ll receive a PDF with coverage details.
An Openly policy is worth a quote if you qualify and need robust protection. But if you want to compare multiple offers or don’t qualify, look at quotes from other home insurance companies too.
Openly’s policies come standard with a myriad of coverage types. You can expect to see this standard coverage, although Openly may offer higher limits than competitors:
Type of coverage | What it does | Its limits |
---|---|---|
Liability | Pay for legal fees and costs of settling if someone sues you for injuries or damage to their belongings. | Up to policy limits |
Medical payments to others | Pay for medical expenses if someone gets injured on your property. | $10,000 |
Dwelling | Cover your home from a variety of damage from fire to vandalism. | Up to $5 million |
Other structures | Protect other buildings on your property separate from your home, like a detached garage, shed or guest house. | Up to 100% of dwelling coverage limit, or the option to remove this coverage |
Loss assessment | Cover damage to spaces shared with other owners, such as common areas around a condo. | Up to $100,000 |
Personal contents | Cover items you own for all perils at your house or while traveling or storing them in a unit. Also, cover damage to guests’ belongings while on your property. | Up to 150% of dwelling coverage Property of others – up to $10,000 |
Additional living expenses | Pay for living expenses above your normal costs if damage to your home forces you to relocate temporarily or permanently. | Not specified |
Reasonable repairs | This includes temporary repairs you may make to protect your home from further damage. | Up to dwelling limits |
Financial fraud | Protect yourself from liability or loss from credit card fraud or forgery. | Up to $10,000 |
You won’t find these types of coverage everywhere, and they don’t typically come standard with policies that offer them.
However, this coverage is included on most Openly policies:
Type of coverage | What it does | Its limits |
---|---|---|
Guaranteed replacement cost | Repair or replace your home without worrying about depreciation or inflated construction costs. | Up to $5 million |
Roof-matching | Make additional roof renovations for a consistent look alongside other covered home repairs. | Up to dwelling limits |
Land stabilization | Pay to restore or restructure your land if it stabilizes your home. | $10,000 or 10% of the loss amount |
Ordinance or law | This covers additional upgrades made to your home to meet new building codes or laws in your area. | Up to dwelling coverage limits |
Water seepage | Pay for damage to your home or belongings from plumbing or HVAC system issues. | $20,000 |
Mold | Remove mold, fungi, bacteria or dry rot from your property caused by damage covered on the policy. | $10,000 for removal, $50,000 for liability |
Landscaping | Damage to plants or trees on your property is covered. | $5,000 per item, $50,000 per claim |
Tree removal | Pay to remove fallen trees that have damaged your home or belongings or are blocking entrances. | $5,000 total for multiple trees or up to $5,000 for one tree |
Lock replacement | Change out your home’s locks with no deductible after theft. | $2,000 |
Fire department service charge | Reimburse the fire department’s fee when called for a possible fire. | Up to $5,000 |
Landlord furnishings | Repair or replace appliances, carpet or furnishings for buildings on the property. This can mean buildings you rent from others or rent out to others. | $10,000 |
Refrigerated property | Replace spoiled refrigerated items after a loss. | $5,000 with $500 deductible |
Golf cart damage | Repair or replace damage to golf carts you use. | $7,500 per golf cart |
You can also get extra protection for an additional cost, like coverage for:
Openly doesn’t list any discounts on its website, but standard discounts include:
You’ll find a solid list of exclusions on the base policy that are standard with most insurance companies:
Openly offers policies through Rock Ridge Insurance Company, which holds an A- (Excellent) financial rating with AM Best. Rock Ridge received a 0 on the National Association of Insurance Commissioners complaint index, while the national average rating is 1, showing fewer complaints than average for insurance companies. We checked these ratings on July 9, 2020.
However, Rock Ridge is part of Clear Blue Insurance Group, which holds an F rating with the Better Business Bureau (BBB), as of July 2020. The rating reflects its lack of response to several active customer complaints about customer service, claims and wanting to cancel coverage as a result.
But the complaints don’t show that Rock Ridge Insurance was involved, and only eight customers have complained about Clear Blue in the past three years.
Apply for coverage through an independent agent, although you can receive a quote by phone or online. For a quote:
Get started with this basic information: