Openly
Openly is a premium home insurance program built around guaranteed replacement cost, sold only through independent agents. It is one of the markets we use for homes that deserve a stronger rebuild promise.
What they are known for
Openly is built around one idea: a stronger rebuild promise. Its signature is guaranteed replacement cost, which means a covered home is rebuilt even if the cost runs past the policy limit, paired with broad personal property and high liability. It sells only through independent agents, so the policy is placed and serviced through us, while claims are filed directly with Openly.
Coverage at a glance
- Guaranteed replacement cost up to $5M. In Oregon, the home can be rebuilt even if the cost exceeds the policy limit, up to $5 million. The rebuild promise is the centerpiece of the policy.
- Personal liability up to $1M, plus medical payments for guests injured on your property.
- Blanket personal property up to $100,000, on a replacement cost basis, with a zero-deductible option.
- Included features: mold and fungi remediation up to $10,000 (liability up to $50,000), concealed water seepage up to $20,000, other structures, refrigerated property up to $5,000, and tree removal up to $5,000 per occurrence.
- Optional add-ons: water backup, equipment breakdown, buried service lines, home-sharing, and personal cyber.
- Property types: primary residence, secondary and seasonal homes, and rented-to-others, with up to nine properties insured (each on its own policy).
When we may consider Openly
We may compare Openly when a home would benefit from a true guaranteed replacement cost promise, when an owner wants strong included coverages without assembling a stack of endorsements, or for a higher-value or well-kept home where the rebuild number is the priority. It is a frequent fit for primary and high-value homes in the states where it is available.
Good to know before you choose
Openly is a program administrator, and its policies are underwritten by unaffiliated insurers. Availability, eligibility, and some limits vary by state. In a small group of states (CT, GA, KS, MS, MO, NH, OH, SC, TN, and WI) the guaranteed replacement cost amount is subject to the Coverage A limit and policy conditions; Oregon is not in that group, so the up-to-$5M guaranteed replacement cost applies. Because it is agent-only, there is no direct-to-consumer purchase, which is where we come in.
Explore related coverage
- Homeowners insurance
- High-value home insurance
- Openly insurance review
- Guaranteed replacement cost explained
Service and claims
Claims are filed directly with Openly. For claims, billing, or service contacts, use the Carrier Directory, or start a request in the Service Center.
Vantage Point Risk is an independent insurance agency. Openly LLC is a program administrator; its policies are underwritten by unaffiliated insurers. Coverage availability, eligibility, limits, and features vary by state and are subject to the policy. Mention of an insurance company does not guarantee availability, appointment status, eligibility, or placement.
Want a rebuild promise that holds?
If guaranteed replacement cost matters for your home, tell us about it and we will see whether Openly or another market is the right fit.