What Are Openly's Policy Fees?

The Policy Administration Fee covers fixed costs Openly bears in conjunction with producing and administering policies. It is a separate fee from the premium, which is the amount paid for the actual insurance coverage, and commission isn't paid on the policy fee.

The Policy Administration Fee amount varies by state and will be applied to the annual premium at new business and each subsequent renewal.

This includes:

  • Underwriting report costs
  • Policy production costs¬†
  • Billing costs
  • Inspection costs

Contact us via our webform or Live Chat for further assistance.

Was this article helpful?
0 out of 0 found this helpful