INSURANCE CARRIER
Openly Insurance Review
Their standard policy form covers dwelling and personal property on an open-perils basis, meaning broad protection is the default, not an add-on upgrade, which results in fewer exclusions than most comparable homeowners policies.
Personal Lines
- File a claim 888-808-4842 · 24/7 online and phone
- Online Account & claims portal
- After hoursFile online or call 1-888-808-4842 anytime.
Coverage Focus
What this carrier writes
Overview
About This Carrier
Their standard policy form covers dwelling and personal property on an open-perils basis, meaning broad protection is the default, not an add-on upgrade, which results in fewer exclusions than most comparable homeowners policies. Extended replacement cost is also included by default, covering rebuild cost increases above the policy limit after a major loss, rather than leaving that gap for homeowners to discover at claim time. Openly is a fit for higher-value homes in the $400,000-and-above range, and for homeowners who want scheduled personal property coverage alongside their dwelling policy. Available through Olive Cover for qualifying properties.
Strengths
What This Carrier Does Well
Broad-form open perils coverage on both dwelling and contents as the default, not an upgrade, meaning fewer exclusions than standard homeowners policies.
Extended replacement cost coverage included by default, protecting against rebuild cost increases after a major loss event.
Backed by Berkshire Hathaway.
Limitations to Know
Where They Fall Short
Only writes homeowners insurance, so clients who want to bundle home and auto must use two different carriers.
Not yet in independent satisfaction surveys, so independent claims satisfaction data is limited.
Right Fit
Who They Are Best For
Best Fit For
Homeowners with high-value or newer properties who want broad coverage with fewer exclusions, clients looking for a modern policy that includes extended replacement cost by default.
Not a Good Fit For
Older homes, properties with wood or aging roofs, recent claims, or any risk outside preferred criteria. Openly's underwriting is intentionally narrow and non-renewals happen quickly when homes age into risk.
Appetite & Coverage
What They Write
- Line of Business
- Personal Lines
- Coverage Types
- Homeowners (standard and broad-form coverage), Scheduled Personal Property
- Carrier's Licensed States
- Available in most US states
- Personal Lines States
- Available in most states. Confirm availability at binding.
Pricing & Claims
What to Expect
Best Pricing For
Openly prices competitively for well-maintained, higher-value homes with newer roofs and no recent claims history.
Pricing Context
Openly is priced toward the upper end of the market for homeowners, which reflects their broader coverage terms. A client comparing Openly to standard homeowners carriers on premium alone will often see Openly at a higher price, but the comparison should account for the broad-form open-perils coverage on both dwelling and contents that Openly includes by default.
Claims Experience
Because Openly only writes homeowners, their claims organization is purpose-built for property claims rather than split across auto, commercial, and specialty lines. Clients report faster resolution on clear-cut losses. The digital claims interface works well for straightforward events. Large structural losses on high-value homes receive more thorough review, which is standard at any carrier. Admitted Status: Licensed and regulated by the state insurance department in each state where it writes. Policies are backed by state guaranty fund protections up to applicable limits. Olive Cover, the brand of Olive Insurance Services, LLC, is your independent insurance agent. We help you file your claim and advocate on your behalf. Coverage decisions on any claim are made by your insurance carrier under the terms of your policy.
Admitted Status: Licensed and regulated by the state insurance department in each state where it writes. Policies are backed by state guaranty fund protections up to applicable limits.
Olive Cover, the brand of Olive Insurance Services, LLC, is your independent insurance agent. We help you file your claim and advocate on your behalf. Coverage decisions on any claim are made by your insurance carrier under the terms of your policy.
Quick Facts
At a Glance
Common Questions
Frequently asked questions
What's the difference between standard and broad-form homeowners coverage?
Broad-form homeowners coverage covers both your home (dwelling) AND your personal property on an open-perils basis.
What types of properties does Openly insure best?
Openly specializes in higher-value homes that standard carriers like State Farm or Allstate price poorly or decline.