Openly stands out for its coverage enhancements for high-value properties.
Guaranteed replacement coverage of up to $5 million and replacement cost coverage of up to 150% of the dwelling coverage limit mean you don’t have to worry if costs to rebuild your house inflating end up exceeding your dwelling limit. These coverage features provide a cushion for unexpectedly high rebuilding costs, which can happen when a widespread disaster increases the demand for construction labor and materials.
Openly offers liability coverage up to $1 million, which is generous compared to competitors who sometimes offer only up to $500,000 or less.
Openly also lets you add onto a home insurance policy with expanded coverage for equipment breakdowns, landscaping, water seepage and identity theft. If you open up your house for short-term renters, you can get a home-sharing endorsement.
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.