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In 2017, Ty Harris and Matt Wielbut founded Openly. From the carrier’s Boylston Street location in Boston, they sell modern, high-end homeowners and landlord insurance products.

Openly’s customizable property products are mostly meant for high-value residences: homes with a replacement cost between $250k and $3M. The company’s home insurance protects multiple occupancy types like primary, secondary, seasonal, and rental homes. Openly sells its policies in IL, AZ, TN, PA, KY, OH, WI, IN, MA, and NM.

Here’s everything you need to know about Openly home insurance:

What’s protected with Openly home insurance?

The foundation of Openly’s home insurance contract for primary and secondary residences is an enhanced ISO HO5. This policy includes guaranteed home replacement cost up to $5M on every home, as well as open peril coverage on personal property.

Homeowners will also find special protections they can add such as:

  • Equipment breakdown
  • Service line coverage for buried utility lines
  • Full coverage for water backup included in the default policy package

Most rental policies are on a Dwelling Fire contract. Openly sells HO-3 plans to landlords, with robust coverages B, C, and E. Plus, replacement cost comes standard on Openly’s rental policy.

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Openly details and reviews

Openly’s website displays a fresh take on home insurance. The carrier built its modern policies for owners of upmarket homes. The unique design of Openly’s coverage includes protections that are usually only optional add-ons. The best part is you only pay for the benefits you need, and remove anything you find unnecessary from the policy.

The company’s pricing is relatively competitive, considering the high coverage limits. The reason for their contrarian underwriting and pricing is because the company uses unique actuarial tables that view potential insureds differently than standard insurers.

For example: Openly won’t penalize customers with certain dog breeds or swimming pools. The home insurer also relies on technology, such as arial imagery data, to identify possible risks.

Openly is not an insurance carrier, but an MGA — managing general agency. Openly will control the branding, pricing, and claims experience of your home policy, but an insurance carrier puts up the capital required by the regulators. Openly has financial backing from Rock Ridge Insurance Company, an AM Best A- (Excellent) rated admitted insurance carrier.

Openly is very focused on customer service. Even the founders of the company, Matt and Ty, have a direct email any client can use to share their feedback.

Filing a claim with Openly

Openly is partnered with Crawford & Company to perform claims adjustment. Crawford is a large, international carrier and the second-largest third-party claims adjuster within the United States. Openly’s website advises that most customers prefer to notify their agent of a new claim. However, clients may also contact their dedicated claims team directly by:

Good to know: Openly offers special customer programs like Contractors Connections, which provides recommendations and preferred rates for general home improvements.

Where is Openly home insurance available?

Openly is based in Boston, Massachusetts, and sells policies in Illinois, Arizona, Tennessee, Pennsylvania, Kentucky, Ohio, Wisconsin, Indiana, Massachusetts, and New Mexico.

Final thoughts

Openly is a new carrier with a sleek, fresh approach to home insurance. Openly’s modern philosophy is to give premium customers exclusive access to customizable and competitive products that are backed by partners with impressive pedigrees.

Compare home insurance from top carriers

  • Fully online, buy home insurance coverage instantly
  • Compare quotes from highly rated home insurance carriers in your area
  • No spam, phone calls, upselling, or fake quotes

Get Insurance Quotes Now

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About the author
Credible Staff
Credible Staff

The goal of the Credible editorial writers and staff is to help our readers get up to speed on issues surrounding student loans, mortgage, and personal finance, so you can make informed decisions. We’re here to help you stay on top of the latest news, trends, concepts, and changes in policy and regulations.

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