Openly Home Insurance Review
Openly offers good coverage for high-value homes worth up to $3 million. You can get up to $5 million in coverage, but you may need to go through an agent.
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Editor's Rating
ValuePenguin ratings weigh rates, extra coverage options, customer service and unique value, combining key metrics for each with a unique formula. The result is a rating out of five stars to give you a sense of the quality of an insurance company.
Pros and cons
Pros
Extra coverage options for expensive homes
Water seepage coverage
No dog breed restrictions
Cons
No online quotes
Can't bundle with car insurance through Openly
Only available in 24 states
Openly offers policies in Alabama, Arizona, Connecticut, Delaware, Georgia, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Mississippi, Missouri, New Hampshire, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Utah, Virginia and Wisconsin.
Is Openly a good insurance company?
Openly is a good insurance company if you have a high-value home or if you're looking for uncommon add-on coverages like water seepage insurance
The company's home insurance coverage options cover common hazards as well as short-term rentals and personal cyber protection. These coverages are optional and may cost extra each month.
Openly also doesn't discriminate against homeowners who have certain breeds of dogs.
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Openly home insurance review
Openly's home insurance offers good coverage options for higher-value homes.
The company also offers a wide variety of standard coverages and practical coverage add-ons.
Openly insurance quotes
Openly doesn't offer quotes online, just through insurance agents. This makes it hard to compare the cost of coverage with other companies. However, since Openly offers a lot of different coverages with most of their home insurance policies, you'll likely pay more for insurance with them than you would with a national company like State Farm.
Openly home insurance coverage
Openly offers the standard range of home insurance coverages for primary and secondary homes, so you can use the company to insure your main home and any vacation properties you own. They also offer a few notable add-ons that are less common. A key one is water seepage coverage, which protects you if some part of the home is damaged by groundwater seepage or other hidden leaks.
Unlike other insurance companies, Openly doesn't refuse to insure homeowners with certain breeds of dog, like bully breeds, Dobermans, Rottweillers, Akitas, German shepherds, huskies or other "aggressive" breeds, you may be able to get coverage from Openly.
It may ask about any history of aggression or incidents involving your pup, but it likely won't deny you coverage if you have breeds other companies won't cover. If your dog has bitten someone in the past or was responsible for injuries on your property, Openly may not give you coverage. If it does, you may have to pay a higher rate, since your dog has a history of aggressive behavior.
Openly offers what are called HO-5 policies, which provide broader protections than standard HO-3 policies. Policies through Openly cover damage for any event, or peril, that isn't explicitly excluded in the policies.
Standard coverages for Openly home insurance policies
Openly's standard policies include coverage for costs related to rebuilding a damaged portion of a home so it's up to code after a covered incident.
With home insurance through Openly, the company will pay to replace or repair damaged landscaping after events covered by your policy. This includes trees, decorative plants, grass and other landscaping elements.
If a tree falls because of a covered event like a storm, act of vandalism or lightning strike, Openly will cover the cost of removal.
If items in your refrigerator or freezer become unsafe to use after a power outage, Openly will pay up to $5,000 to replace them.
Regular policies from Openly cover the cost of replacement locks and garage door transmitters if your keys are stolen.
You're covered for theft or unauthorised use of credit cards, electronic funds transfers, counterfeit bills and check forgeries with your policy.
Your standard home insurance policy from Openly covers loss assessments brought by a homeowner association (HOA) after a covered event. Loss assessments happen when an HOA doesn't have enough insurance to cover damage to common areas, like pools and clubhouses. They may charge homeowners in the association a fee to offset their costs. With this coverage in place, Openly will pay that fee for you.
Your home insurance policy offers up to $100,000 for items, including electronics, firearms, jewelry, silverware, musical instruments, fine china, crystal and collectibles. These belongings are considered "personal property" and are covered under your home insurance policy's personal property coverage.
Optional coverages with Openly Insurance
If utility lines or pipes that go to your house are damaged by a covered event such as tree roots growing through the pipes or damage due to freezing conditions, this add-on coverage will pay for repairs.
This provides coverage if you rent out rooms or homes with sites such as Airbnb.
Openly insurance discounts
Openly does not list any discounts on its website. To learn about any potential discounts, you will have to reach out to an agent. However, most insurance companies offer discounts based on the types of coverage you buy and the number of policies you have with the company.
- Multi-policy discounts help you get lower rates on your home insurance. You may be able to get a discount if you buy home insurance for your primary residence and a vacation home through Openly.
- Partner discounts let you get discounts on other types of insurance that you buy through an insurance company's preferred partners. Talk to your agent to see if Openly has any partners that offer lower rates on their insurance.
- Windstorm mitigation discounts could help lower your rates if you take steps to protect your home against wind damage, like reinforcing your roof or home exterior.
Openly home insurance reviews and complaints
Openly has very few complaints according to the National Association of Insurance Commissioners (NAIC). This means customers are likely satisfied with their coverage and the service they get when filing a claim.
Openly has been issuing its own policies directly in 17 states through its carrier, Openly Insurance Company, which launched in 2022.
Rock Ridge Insurance Company, which underwrites some of Openly’s policies, has very few complaints in terms of its homeowners insurance, according to the NAIC. It also has an A- credit rating from AM Best, which is defined as "excellent." That means Rock Ridge, which is a subsidiary of Clear Blue Insurance, should be able to pay out claims, even after a disaster.
Reviewer | Average score | Rock Ridge (Openly partner) score |
|---|---|---|
| NAIC | 1.00 (lower is better) | 0.65 |
| AM Best | Letter grade | A- (Excellent) |
Neither Openly nor Rock Ridge has a mobile app. However, Openly's website makes it easy to find an agent, get a quote, file a claim or learn more about your insurance.
How to file claims with Openly
You can file claims in multiple ways with Openly:
- Online form: Go to Openly's claims form and fill out information about yourself and the incident.
- Phone: Call the company's claims service at (888) 808-4842.
- Email: Claims can be filed at [email protected].
Frequently asked questions
What is Openly insurance?
Openly is an insurance company that offers home insurance for both low- and high-value properties. The company's standard policies provide more protection against the most common threats than most other insurance companies offer. You can also customize your coverage to suit your needs by buying optional coverage.
What insurance does Openly offer?
Openly only offers home insurance. However, its home insurance policies can be used for primary residences and second homes. You can also buy home-sharing coverage if you rent out your home as a short-term rental or with a site like Airbnb or Vrbo.
Is Openly available in my state?
Openly is available in Alabama, Arizona, Connecticut, Delaware, Georgia, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Mississippi, Missouri, New Hampshire, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Utah, Virginia and Wisconsin.
Can I get an Openly quote online?
Openly lets you request a quote online, but its form won't give you an actual quote. It just puts you in touch with a local insurance agent. If you want to get more information about your coverage options or the rates you'll pay, you may be better off calling Openly at (888) 808-4842.
Does Openly underwrite and issue its own policies?
Openly underwrites and issues some of its own policies, however, others are underwritten by Clear Blue Insurance or MS Transverse. Openly only writes its own policies in 17 states and relies on other companies to underwrite policies where it can't on its own.
Methodology
ValuePenguin ratings weigh standard coverage options, extra coverage options, customer service and unique value, combining key metrics for each with a unique formula. The result is a rating out of five stars to give you a sense of the quality of an insurance company.
Information about Openly's financial strength has been sourced from AM Best, a credit rating agency that rates insurance companies' creditworthiness and financial stability. Customer satisfaction was determined using customer complaints as reported by the National Association of Insurance Commissioners (NAIC).
Managing Editor
Ben Breiner is the Managing Editor of ValuePenguin/LendingTree's insurance vertical. He oversees a team of writers who focus on guiding readers through the rigors of home and auto coverage. He still loves that moment when the words fall together and he can translate an intimidating topic so a reader can make the best choice.
Ben got involved in insurance in 2021 when he joined ValuePenguin. He moved up from writer to editor and watched the team grow to expand the ways it helps consumers. Before that, he spent a decade as a sportswriter for newspapers in the Southeast and Midwest.
Ben had to put off buying his first car because of high insurance rates, so he's keenly aware how the wrong policy can get in the way of your goals. He should've shopped around and looked to the experts.
Insurance tip
Always keep an eye out for insurance you can load up on at a low price. A lot more liability coverage won't break the bank and protects your hard-earned assets.
Expertise
- Car insurance
- Home insurance
- Renters insurance
Education
- BA, Economics and Journalism, University of Wisconsin-Madison
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
