Openly requires information about the dwelling's Primary Use occupancy to generate a quote. This is a selection on the Interview Tab.
Agents should select the most applicable option from the list below:
- Main Residence (HO-5 Form): The Named Insured lives in the home for most of the year. A home-sharing endorsement is available for eligible short-term rental activities.
- Secondary / Seasonal (HO-5 Form): The Named Insured occupies the home for short periods (Secondary) or occupies the home during particular times throughout the year (Seasonal). A home-sharing endorsement is available for eligible short-term rental activities.
- Rent-to-Others (HO-3 Form): The Named Insured doesn’t live in the home. The home is rented on a full-time basis.
Openly’s Home-sharing Endorsement provides certain coverages for Airbnb / VRBO-type activities at the dwelling for a portion of the year (subject to state-specific guidelines). Select this option on the Coverage Tab when quoting. Learn more about home-sharing for HO-5 here and for HO-3 here.
Openly does not have an appetite for the following occupancy types:
- Vacant: A dwelling no one lives in and is substantially unfurnished
- Homes under the course of new construction: A vacant dwelling undergoing construction of entirely new structures and / or significant extensions to existing structures, whether or not the site was previously occupied
Openly offers an Under Construction Endorsement for unoccupied dwellings undergoing renovation / remodeling for less than 180 days.
For further assistance, contact us via our webform or Live Chat.