Openly insurance is a relatively new offering for homeowners. The company sold its first policies in 2019 and today offers homeowners insurance in 21 states.

Openly sells premium coverage primarily to owners of high-value homes. Its policies include features that typically cost extra from other insurers, if they’re available at all.

Unlike other home insurers that let you get quotes and buy policies online, Openly sells policies only through independent insurance agents. But the coverage may be worth the inconvenience.

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Openly home insurance star rating
3.5NerdWallet rating 
Openly homeowners insurance earned 3.5 out of 5 stars for overall performance. NerdWallet’s ratings are determined by our editorial team. The homeowners insurance scoring formula takes into account policy coverage options and discounts, ease of filing a claim, website transparency, the financial strength of the company, complaint data from the National Association of Insurance Commissioners and more.

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State availability
Openly insurance is currently available in 21 states.

Openly home insurance coverage
You can customize your homeowners policy with numerous add-ons, but below are the types of coverage that generally come standard:

Type of coverage

What it does

Dwelling

Pays to repair or rebuild the structure of your home.

Other structures

Covers damage to unattached structures such as a shed or fence.

Personal property

Pays to repair or replace personal belongings such as furniture or clothing.

Loss of use

Pays for hotel stays, restaurant meals or other expenses if you have to live elsewhere while your home undergoes covered repairs.

Personal liability

Covers legal expenses and damages if you're responsible for injuries to other people or their property.

Medical payments

Covers injuries to guests in your home, regardless of fault.

For more details, see What Does Homeowners Insurance Cover?

Openly’s default homeowners policy goes significantly beyond these basic coverage types. Most notably, it offers guaranteed replacement cost coverage for the structure of your home. That means if your house is destroyed by a covered disaster, Openly will pay whatever it takes to rebuild it the way it was before, up to $5 million.

Openly also offers generous coverage for your personal belongings. Most homeowners policies cover your stuff on a “named perils” basis, meaning that they’ll pay for damage only from causes specifically named in your policy. Openly covers your belongings on an “open perils” basis instead, paying for damage from anything except perils your policy excludes.

If your things are stolen or destroyed, Openly will pay enough for you to buy brand-new replacements, rather than paying less for older items that have lost value over time.

Openly policies also include the following:

Ordinance or law coverage, which pays to bring your home up to current building codes during covered repairs.

Water seepage coverage, which pays for rot or other damage due to hidden water leaks.

Coverage for refrigerated property, such as food that goes bad when lightning knocks out your electricity.

Trees/shrubs coverage to remove fallen trees or other plants after a covered disaster.

Fungi/mold coverage for property damage or liability claims due to mold, rot or bacteria.

Depending on where you live, you may be able to add the following optional types of coverage:

Water backup, which pays for damage due to sump pump failure or backed-up sewers or drains.

Home-sharing coverage for people who occasionally rent out all or part of their house.

Buried service lines, which pays to fix damage to underground utility lines you’re responsible for.

Equipment breakdown, which covers appliances if they have a mechanical or electrical failure.

Blanket or scheduled property for valuable items.

Personal cyber, which can help you recover from hacks and other online threats.

Earthquake, sinkhole or mine subsidence for homeowners who live in areas where these are a risk.

Home under construction for theft of building supplies from a new house that isn’t ready to live in yet.

» MORE: Does homeowners insurance cover water damage?

Discounts
The company offers a bundling discount if you buy your Openly policy and an auto insurance policy from the same agent.

You may also be able to save by getting an advance quote before your policy takes effect or by choosing to have documents delivered electronically.

Discounts vary by state.

Consumer complaints
Openly’s underwriter, Clear Blue Insurance Group, received far more than the expected number of home insurance complaints to state regulators relative to its size, according to three years’ worth of data from the National Association of Insurance Commissioners. (NAIC home insurance complaints also cover other home policy types, including mobile home, renters and condo insurance.)