Openly Insurance Reviews – Openly is a relatively new homeowners insurance company that offers a variety of coverage options and discounts. It is known for its transparent pricing and customer-friendly policies.
In this review, we shall consider the good and the bad sides of openly insurance company, the pricing and plans, services offered and factors to consider before choosing openly insurance.
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Pros and Cons of Openly Insurance
- Affordable: Openly is known for its affordable rates, especially for homeowners with higher-value homes.
- Uncommon coverages: Openly offers some uncommon coverages that are not available from many other insurers, such as water seepage protection and equipment breakdown coverage.
- Transparent pricing: Openly is one of the few insurers that makes its pricing transparent, so you can see exactly how much you’re paying for each coverage option.
- Customer-friendly policies: Openly has a reputation for being customer-friendly, with easy-to-understand policies and a quick and easy claims process.
- Limited availability: Openly is not available in all states.
- No online quotes: You can’t get an online quote from Openly. You have to submit your information through the website and an agent will reach out to you.
- No mobile app: Openly does not offer a mobile app.
- Customer service: Customer service reviews for Openly are mixed. Some customers have had positive experiences, while others have reported long wait times and difficulty getting in touch with an agent.
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Factors to consider before choosing Openly insurance
Here are some additional things to consider when deciding whether or not to choose Openly insurance:
- Your home’s value: Openly is a good option for homeowners with higher-value homes. The company offers up to $5 million in coverage, which is more than many other insurers.
- Your location: Openly is not available in all states. You can check the company’s website to see if it is available in your area.
- Your needs: Openly offers a variety of coverage options, so you can tailor your policy to your specific needs. If you have any questions about the coverage options available, you can contact an Openly agent for more information.
What are the services offered by openly insurance
Openly Insurance offers a variety of services to its customers, including:
- Homeowners insurance: Openly’s homeowners insurance policy provides coverage for the structure of your home, your personal belongings, and liability claims. The policy also includes a number of optional coverages, such as water backup protection, equipment breakdown coverage, and cyber liability coverage.
- Landlord insurance: Openly’s landlord insurance policy provides coverage for the property you rent out, as well as liability claims for injuries to tenants or damage to their property. The policy also includes a number of optional coverages, such as loss of rent coverage and earthquake coverage.
- Renters insurance: Openly’s renters insurance policy provides coverage for your personal belongings while you’re renting a home. The policy also includes liability claims for injuries to others or damage to their property.
- Commercial insurance: Openly offers a variety of commercial insurance policies for businesses of all sizes. These policies can cover property damage, liability claims, and business interruption.
- Identity theft protection: Openly offers identity theft protection services to help you protect your personal information from fraud. These services include credit monitoring, identity theft insurance, and fraud resolution assistance.
In addition to these services, Openly also offers a number of discounts to its customers, such as discounts for:
- Good credit: Customers with good credit can get a discount on their homeowners insurance.
- Multiple policies: Customers who have multiple policies with Openly can get a discount.
- Safe driving: Customers with a good driving record can get a discount on their homeowners insurance.
- Security features: Customers who have security features installed in their home, such as a security system, can get a discount on their homeowners insurance.
Openly Insurance Pricing and Plans
Openly Insurance offers a variety of homeowners insurance plans to fit your needs and budget. The cost of your policy will depend on a number of factors, including the value of your home, your location, your deductible, and the coverage options you choose.
Here is a general overview of Openly’s homeowners insurance pricing:
- Home value: The value of your home is one of the biggest factors that will affect the cost of your homeowners insurance policy. Homes that are worth more will typically have higher insurance premiums.
- Location: The location of your home can also affect the cost of your homeowners insurance policy. Homes in areas with a higher risk of natural disasters, such as hurricanes or earthquakes, will typically have higher premiums.
- Deductible: Your deductible is the amount of money you have to pay out of pocket before your insurance company will start paying for a claim. The higher your deductible, the lower your monthly premiums will be.
- Coverage options: The coverage options you choose will also affect the cost of your homeowners insurance policy. For example, if you choose to add coverage for water backup or equipment breakdown, your premiums will be higher.
Overall, Openly is a good option for homeowners who are looking for affordable rates, uncommon coverages, and transparent pricing. However, it is important to note that Openly is not available in all states and does not offer online quotes or a mobile app. If these features are important to you, you may want to consider a different insurance company.