They offer premium policies with a lot of extras included in their policies. Tremblay and Sons Insurance Agency, Inc. Openly High Value Homeowners Insurance Program Its technology simplifies the homeowners insurance process for agents and consumers, enabling them to obtain quotes in under 15 seconds. Food stored in a freezer or refrigerator is covered in the event of a power or mechanical malfunction. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Unveils Homeowners Insurance Carrier based in South Carolina, Licensed in 17 states. Openly plans to use the new carrier as one part of a balanced and prudent risk capacity strategy. The company said more 1,700 independent insurance agencies now offer Openly's product to homeowners, and the platform boasts a 92% retention rate among homeowners to renew policies. The round will be used to enter new states including Massachusetts, Indiana, Ohio, Georgia, and South Carolina. Boston, MA, MAY 27, 2020 Openly Insurance, a tech-forward company that specializes in premium homeowners insurance and is backed by powerhouse investors such as Gradient Ventures, Google's. Openly is a tech-forward home insurer writing policies for high-value homes. Boston-based Openly, a platform that sells upmarket homeowners insurance through independent agents, said it has closed a $15 million Series A investment. Deadbolts, window locks, cameras, gated communities and alarms all help to make your insurance cheaper. BOSTON, Nov. 26, 2019 /PRNewswire/ -- Openly Inc ., the tech-enabled home insurance provider designed to empower rather than replace agents and simplify the home insurance buying process,. Possessions damaged from direct impacts such as meteors, falling airplane parts or objects thrown from cars. Openly Insurance was founded in 2017 and is based in Boston, MA. Thats where renters insurance comes in. Electric motor burnout of appliances in some circumstances. Look for a balance between reasonable premiums and sufficient protection. We may receive compensation from our partners for placement of their products or services. ","anchorName":"#coverage"},{"label":"Three traps to avoid","anchorName":"#three-traps-to-avoid"},{"label":"How does renters insurance work? Openly Home Insurance - Openly Home Insurance Personal belongings including furniture, appliances, clothing and electronics are normally included in the policy. Openly Company Profile | Management and Employees List Openly Insurance Review | Credible NerdWallet's ratings are determined by our editorial team. But while sharing a policy can save you a bit of money, it isnt allowed in all states, and youll need to let your insurer know every time someone moves out or in. Relax with free perks from a top-rated company if youre part of the military family. Openly Opens Openly Insurance Company | Agency Checklists ","anchorName":"#how-do-i-compare-renters-insurance"},{"label":"What can I be covered for? Openly's customers prasie this insurer for affordable premiums. We have trusted partners, if you need help selecting one. ","decimalPlaces":"2","thousandsSeparator":",","filtersBoundMap":{"product.COVERAGE.VALUABLE_PERSONAL_PROPERTY":null,"product.DISCOUNTS.HOME_SAFETY_FEATURES_DISCOUNT":null,"product.DISCOUNTS.NEW_POLICY_DISCOUNT":null}}}, AZ, AR, CA, CO, CT, DC, GA, IL, IN, IA, MD, MI, MO, NV, NJ, NM, NY, OH, OK, OR, PA, RI, TN, TX, VA, WA, WI. Then find a policy that provides coverage for the things youre most worried about replacing, but also offers benefits such as discounted premiums based on your homes security features. You should consider three main things when deciding what coverage you need: Depending on which insurer you choose and the level of coverage you purchase, theres an array of options: If youre sharing an apartment with roommates, you can either each get your own policy or share one, depending on where you live. Even though both policies cover events such as fire, theft and water damage, renters insurance includes options that are tailored specifically to renters needs, as well as liability insurance. If you don't know about Openly, you're about to! Openly is rebuilding insurance from the ground up. Possessions that are damaged by smoke, but not burnt in a house fire. Openly | LinkedIn Openly Home Insurance Review (2023) - Policygenius Openly Announces Openly Insurance Company, a Licensed Homeowners If needed, contact a professional to help you protect your home from any additional damages. 17 Best Home Insurance Companies of June 2023 Chubb, Erie, Farmers, NJM, State Farm and USAA earned the highest ratings in NerdWallet's analysis. Openly Reviews | Read Customer Service Reviews of openly.com - Trustpilot Date of experience: June 21, 2023 Openly, Premium Home Insurance Company, Rapidly Expanding into New States updated Feb 13, 2023 Openly offers some uncommon coverages for high-value homes. Read More. Policygenius' online marketplace does most of the work for you, matching you with quotes from 12 highly rated home insurers. Possessions damaged by most types of leaks, not floods. Dedicated to delivering a tech-enabled insurance experience to independent agents, Openly is focused on bringing transparency to a traditionally opaque industry by utilizing new data sources coupled with insurance expertise. 21 Benefits 6 Photos 35 Diversity Follow + Add a Review Openly Insurance Overview Website: www.openly.com Headquarters: Boston, MA Size: 201 to 500 Employees Founded: 2017 Type: Company - Private Industry: Insurance Carriers Revenue: Unknown / Non-Applicable Openly's cutting-edge technology and comprehensive coverage options allow you to focus on what you do best: customize coverage for your clients' individual needs. Finder is a registered trademark of Hive Empire Pty Ltd, and is used under license by We do this because we exist to make insurance. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Finder.com LLC. Ross StevensCaliber Corporate Advisers for Openly[emailprotected]. If you have comprehensive renters insurance but really only need fire and theft, you can get better value from a basic fire and theft policy. The company has said it also plans to launch complementary product lines, such as automobile insurance. Openly Insurance (Company) 2023 Reviews The company utilizes technology and insurance expertise to offer comprehensive coverage including the structure of the building, the walls, the roof, and attached fixtures, enabling customers to have access to a simplified quoting process and a modern . Insurance Home Insurance Agency Openly Openly Reviews 412 Excellent 4.8 VERIFIED COMPANY openly.com Visit this website Write a review 1 Jun 23, 2023 Verified Excellent CHAT service, answers any questions with quick and precise responses. Depending on the insurer and the policy you choose, you may still be insured for specific animal-related situations, such as: You can be insured for damage to your belongings that is caused by an animal that makes its way into your home uninvited. Openly Home Insurance for Bremen Georgia Homeowner when calling (678) 648-1900 or for Central and Coastal GA call-(912) 225-6000 Covered by Sage Landing Page - Openly Working at Openly Insurance Protection for the cost of repairs to the home or for fixtures that are permanently attached to it (such as carpets or light fittings). Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. ","anchorName":"#does-renters-insurance-cover-me-for-damage-caused-by-my-pets"},{"label":"Common questions about renters insurance","anchorName":"#faq"}]}. Copyright 2023 ACCESSWIRE. Openly Secures $7.65 Million To Empower Insurance Agents And Simplify AMS360 Always make sure youre getting insurance for what you need. Finder makes money from featured partners, but editorial opinions are our own. Openly Insurance Engaged Employer Overview 39 Reviews 19 Jobs 45 Salaries 14 Interviews 23 Benefits 6 Photos 35 Diversity + Add a Review Openly Insurance Reviews Updated Jun 8, 2023 Filter by Topic Remote Work Work Life Balance Culture Coworkers Benefits Compensation Career Development Senior Leadership Management Workplace Diversity & Inclusion All international money transfer services. Renters insurance, also known as tenants insurance, protects your belongings when you're renting a property. OPENLY's, Beautifully Simple Insurance for YOUR Home, only sells through Independent Insurance Agents! Work-from-home stipend - We provide a $1,500 allowance to spend on setting up your home workplace. When comparing offers or services, verify relevant information with the institution or provider's site. Should I get renters insurance extras or just the basics? Openly is a tech-forward insurance carrier, offering comprehensive coverage to consumers through independent agents in 19 states and growing. 5.0 NerdWallet rating Openly homeowners insurance earned 5 out of 5 stars for overall performance. For more information, please visit Openly's website. As an MGA, Openly can underwrite policies on behalf of Rock Ridge and receive a commission on each policy sold. Generally you wont need to be covered for events such as earthquakes, impact or floods. They operate as a managing general agency (MGA) backed by the carrier, Rock Ridge Insurance Company. How likely would you be to recommend finder to a friend or colleague? The company's home insurance protects multiple occupancy types like primary, secondary, seasonal, and rental homes. {"userFilters":[{"config":{"VALUES":"Yes,No,Optional,Depends on provider,No info available"},"dataSelector":{"recordType":"product","fieldCode":"COVERAGE.VALUABLE_PERSONAL_PROPERTY"},"dataType":"TEXT","label":"Valuable property","order":null},{"config":{"VALUES":"Yes,No,Depends on provider,No info available"},"dataSelector":{"recordType":"product","fieldCode":"DISCOUNTS.HOME_SAFETY_FEATURES_DISCOUNT"},"dataType":"TEXT","label":"Safety features discount","order":null},{"config":{"VALUES":"Yes,No,Depends on provider,No info available"},"dataSelector":{"recordType":"product","fieldCode":"DISCOUNTS.NEW_POLICY_DISCOUNT"},"dataType":"TEXT","label":"New policy discount","order":null}],"niche":{"currencySymbol":"$","decimalPoint":". Becoming a carrier was the natural next step and allows us to demonstrate our confidence to all of our stakeholders-by putting our money where our mouth is, if you will.". "We believe strongly in our product and processes," said Ty Harris, CEO and co-founder of Openly, "and the reception by the independent agent and customer community has been phenomenal. 32 East 31st Street, 4th Floor,New York,NY,10016. 7 Best Homeowners Insurance Companies of July 2023 Unveils Homeowners Insurance Carrier based in South Carolina, Licensed in 17 states. Smith Brothers Advances Massachusetts Growth with Rawson & Sons Acquisition. Compare Rates Now Editor's Rating How we rate insurance companies ValuePenguin ratings weigh rates, extra coverage options, customer service and unique value, combining key metrics for each with a unique formula. Openly Careers and Employment | Indeed.com Insurance Like It Should Be Openly offers a different kind of insurance experience. Openly Home Insurance Review (2023) Openly is a new homeowners insurance company that launched in 2019. Your landlords insurance wont cover your belongings, and it wont cover you for liability, if say, someones injured in your apartment. They have outstanding customer service. The cost of temporary accommodation if youre unable to live at the property. It depends on what possessions you have at your living address and your ability to cover premiums. Description. Rob Higgins, Chief Product and Strategy Officer for Openly adds, "Today's launch is a significant milestone as we continue our mission of delivering transparent and comprehensive homeowners insurance to customers and supporting independent agents with our technology.". Openly has raised a total of $137.9M in funding over 5 rounds. Objects lost or damaged due to theft during a robbery. MTech Capital and Gradient Ventures are the most recent investors. Learn more about Openly Insurance and its products by browsing the services it offers. This usually excludes insects, rodents and vermin. The first step is to work out what items you want insured. Finder monitors and updates our site to ensure that what were sharing is clear, honest and current. We exist to exceed the standard of home insurance so you always feel secure and confident in your choice. Generally not, although it may be if you work from home or if part of the rental property is exclusively dedicated to your business. Generally not. Agents are already live on its platform in Arizona, Illinois, Pennsylvania, Tennessee and Kentucky. Openly was founded by technology and insurance industry experts Ty Harris and Matt Wielbut to fill the gap in the insurance industry of simple, but premium insurance. Their latest funding was raised on Jun 21, 2022 from a Series C round. For example, updating your policy before you move houses could help protect items damaged in transit. Coverage for extra living expenses while your home is being repaired. Coverage for temporary accommodation if an insured event makes your residence impossible to live in. Extras such as temporary accommodation, flood insurance and liability coverage are extras that available for an added price. ","anchorName":"#differences"},{"label":"Does renters insurance cover me for damage caused by my pets? We may receive payment from our affiliates for featured placement of their products or services. Learn the differences between traditional homeowners insurance and mobile home insurance. Business Profile for Openly LLC Someone who owns many expensive possessions will likely have a higher premium in order to cover the value of their property. Liability, food spoilage and coverage for bicycles and other sporting goods are popular add-ons. Generally excludes certain types of power surges such as those caused by lightning strikes. Jobs at Openly - Greenhouse Software Personal belongings including furniture, appliances, clothing and electronics are normally included in the policy. Coverage for deliberate or malicious damage caused by tenants. Openly says its sweet spot is homes in the $400K to $3M replacement cost range. Make sure you read your policys terms and conditions carefully so you know exactly what youre covered for. Operator of a personal lines insurance company intended to revolutionize homeowners insurance. AMS360 Login ","anchorName":"#how-does-renters-insurance-work"},{"label":"What are the key differences between renters and landlords insurance? Does theft insurance provide cover if my roommate steals something? Renters insurance, also known as tenants insurance, protects your belongings when youre renting a property. Openly Home Insurance Review - ValuePenguin Since its launch in late 2019 by Ty Harris and Matt Wielbut, Openly has expanded and is currently on track to be live in 10 or more states by year-end. Only weeks after announcing its $75M Series C funding round, Openly continues to expand its presence in the insurance industry and offer its premium, transparent and comprehensive coverage options to more agents and homeowners. Get Free Insurance Industry News Updates Delivered to Your Email! Openly Customer Ratings | Clearsurance BOSTON, MA / ACCESSWIRE / July 25, 2022 / Openly, the premium homeowners insurance platform, formerly operating solely as a MGA, today announced the launch of the Openly Insurance Company, an insurance carrier licensed in 17 states. Openly Home Insurance for Bremen Georgia Homeowner when calling (678) 648-1900 or for Central and Coastal GA call-(912) 225-6000. At the most basic end of the spectrum, you can insure your belongings for fire, damage or theft. Openlys system asks agents to answer only three questions to obtain a quote for a customer and makes it easy to click to add and price coverage for second homes, flood, contents, landlords or other options. Frequently Asked Questions | Openly We may also receive payment if you click on certain links posted on our site. The round was led by Obvious Ventures, with participation from existing investors including Gradient Ventures (Googles AI-focused Venture Fund), PJC Ventures, and others. We took a stroll down hurricane alley to learn which states are the most at risk for being hit, what time of year is the most active and which violent storms cost the most. You can also read our community reviews and hear what others have to say about their experience with Openly Insurance. CEO Ty Harris explains more in this 2018 video interview: Home Insurer Openly Creates Sophisticated Digital Experience for Independent Agents, Farmers Insurance Further Reducing Florida Business, Order Up: Next Florida Citizens Takeout Deadline is July 28, Property Insurers Ratings Under Pressure as Risk Rises, Morningstar Says, Workers Compensation Undercuts Employer Liability Exclusion, U.S. Appeals Court Rules. I've had a great experience with Openly thus far. Bremen Home Insurance Covers fire damage to belongings not cigarette burns or scorch marks. Openly Insurance Company has formally opened its door for business and will be used as part of the company's plan to create a balance approach to offering its homeowner insurance product through independent agents. Openly Insurance Reviews You need to weigh up the costs and the benefits. Advertiser Disclosure. For example, if someone leaves the front door unlocked and your laptop is stolen, you may be able to recoup the cost. Secure your home by conducting temporary repairs (cover broken windows, doors, exposed areas of roof, etc.) Openly promises agents technology, unique products, pricing and lead generation support. Powered by Partnership Not Your Average Coverage Your home is important to you. Protection for accidental damage to ceramic fixtures such as basins and baths. Choose a renters insurance policy that gives you protection for your belongings. Please visit Openly's career page for all opportunities. What types of renters insurance are there? information service that aims to provide you with information to help you make better decisions. It delivers powerful tools that streamline workflow, improve productivity, provide a complete view of your business, and much more. Doing this requires a rapidly growing team of exceptional, curious, empathetic people with a wide range of skill sets, spanning technology, data science, product, marketing, sales, service, claims handling, finance, etc. Openly is actively recruiting for remote positions. Considering the expense of potentially replacing everything you own after a house fire, and the fact you can purchase a basic policy for less than $10 per week renters insurance is definitely worth considering. Next, think about whether youll need liability coverage and what optional extras you would benefit from. Openly home insurance policies include these six standard coverages to protect your home, belongings, and personal liability: Pays to repair or rebuild the structure of your home after a covered loss with coverage limits up to $5 million. We are re-envisioning and enhancing every aspect of the customer experience. Boston, Massachusetts, United States 101-250 Series C Private openly.com 46,800 Highlights Total Funding Amount $137.9M Contacts 154 Employee Profiles 6 Investors 8 Similar Companies 7 Recent News & Activity News May 3, 2023 Compare quotes from 12 home insurance carriers with the click of a button. If you need to make a claim, contact your insurer with details of your policy, as well as a list of items that have been damaged, destroyed or stolen. Openly - Funding, Financials, Valuation & Investors