Quick answer: Openly is a premium home insurance carrier available in Indiana that writes its homeowners policies on an HO-5 form. That means broader coverage for your home and belongings than a typical HO-3 policy, guaranteed replacement cost, and a long list of extras built in. Openly sells only through independent agents, and Six Corners Insurance, licensed in Indiana, can quote it for you.
Openly is one of the carriers we're most excited to offer Indiana homeowners right now. It's a premium option built for people who want broader coverage and a smoother claims process, without having to piece together a policy from a long list of exceptions. Whether you own a home in Northwest Indiana, Indianapolis, or a small town in between, here's what it offers.
HO-5 Home Insurance in Indiana, Explained Simply
Openly writes policies on an HO-5 form. Compared to a typical homeowners insurance policy, that means your home and your belongings are covered more broadly.
| Typical HO-3 policy | Openly HO-5 policy | |
|---|---|---|
| Your house | Covered for anything not excluded | Covered for anything not excluded |
| Your belongings | Only a named list of perils, like fire or theft | Anything not excluded, including many accidents |
| Rebuilding cost | Usually capped at your dwelling limit | Guaranteed replacement cost, up to $5 million |
| Building code upgrades | Often a small percentage of the dwelling limit | Up to the full rebuild value of your home |
What Openly Covers for Indiana Homeowners
Broadest coverage for your belongings. Instead of covering your stuff only for a named list of events like fire or theft, Openly covers it for anything that isn't specifically excluded. A dropped TV or a paint spill on the couch can be covered.
Guaranteed replacement cost. If your home is destroyed, Openly will pay to rebuild it, even if material or labor costs come in higher than expected. With rebuilding costs leaving many Midwest homes underinsured, that guarantee matters.
A cash option after a total loss. If you'd rather not rebuild, you can choose a payout without depreciation.
Code upgrades for older Indiana homes. When part of an older home is damaged, local rules often require updated wiring, plumbing, or other work. That's common in older neighborhoods in Hammond, Whiting, South Bend, and Indianapolis. Openly can cover those extra costs, up to the full rebuild value of your home.
Hidden leak coverage. Slow leaks inside walls can cause rot and damage that many policies won't cover. Openly includes some coverage for this.
Valuables protection. Openly can extend coverage for jewelry, watches, and collectibles across those categories with no deductible.
Condo and HOA assessment protection. If your association bills owners after a covered loss to the building, Openly includes up to $100,000 toward your share.
Everyday extras. Landscaping, fallen tree removal, food spoiled during a power outage, lock replacement if your keys are stolen, and fraud on your bank or credit cards. After a summer storm knocks a tree down or cuts the power for a day, these add up fast.
Optional Add-Ons for Indiana Homes
- Water backup from sewers, drains, or sump pumps, with high limits available. Many homes near Lake Michigan sit on high water tables, and sump pumps run much of the year. See our guide to sump pump and sewer backup coverage.
- Equipment breakdown for home systems and appliances, like your furnace or AC.
- Service line coverage for damage to underground water, sewer, or electrical lines running to your house. Here's how service line coverage works.
- Identity theft and cyber protection.
- Home-sharing coverage if you rent out your home short-term, like a lake house in the Indiana Dunes area.
Limits Set for Your Home, Not an Average One
We can set your coverage for detached structures, belongings, and living expenses to fit your situation instead of using one-size-fits-all percentages. A home with a large pole barn or detached garage, for example, can get the other-structures limit it actually needs.
Why You Buy Openly Through an Independent Agent
Openly doesn't sell directly to consumers; it works only with independent agents. Six Corners Insurance is an independent insurance agency licensed in Indiana, so we can quote Openly alongside other carriers and show you which fits your home and budget. Learn more about independent vs. captive agents, or read why we recommend Openly to Illinois homeowners.
Is Openly Right for Your Indiana Home? A Checklist
- Pull the declarations page from your current homeowners policy.
- Check whether it's an HO-3 or HO-5 form.
- Confirm your dwelling limit matches today's rebuild cost, and whether you have guaranteed or extended replacement cost.
- Check your building code (ordinance or law) limit if your home is older.
- Find your water backup limit, or confirm whether you have it at all.
- Look at the caps on jewelry, watches, and collectibles.
- Check your other-structures limit for garages, barns, and sheds.
- Ask for an Openly quote at the same limits so you can compare side by side.
The Bottom Line
For Indiana homeowners who want more than a basic policy, Openly's HO-5 coverage closes many of the gaps we see after claims. Thinking about switching? Six Corners Insurance can quote Openly for your Indiana home and show you exactly how it stacks up against what you have now. Contact us for a home insurance quote, or call (312) 651-6759.
Coverage, limits, and availability vary by state and by home. Your quote and policy documents show exactly what's included.
Sources
Frequently Asked Questions
Is Openly home insurance available in Indiana?
Yes. Openly writes homeowners insurance in Indiana. It sells only through independent insurance agents, so Indiana homeowners get an Openly quote through a licensed agency like Six Corners Insurance rather than directly from the company.
What is an HO-5 home insurance policy?
An HO-5 is the broadest standard homeowners form. Like an HO-3, it covers your house for anything not specifically excluded, but it also covers your belongings that way instead of only for a named list of perils like fire or theft. Openly writes its homeowners policies on an HO-5 form.
Does Openly offer guaranteed replacement cost in Indiana?
Yes. Openly includes guaranteed replacement cost for homes with a rebuild value up to $5 million, so it pays to rebuild your home after a covered loss even if construction costs more than your dwelling limit.
Does Openly cover sump pump failure and sewer backup?
Water backup from sewers, drains, and sump pumps is an optional add-on with Openly, with high limits available. Many Indiana homes rely on sump pumps, especially near Lake Michigan, so we recommend adding it for any home with a basement.
Can a Chicago-based agency insure my Indiana home?
Yes. Six Corners Insurance is licensed in Indiana as well as Illinois, Michigan, Minnesota, and Wisconsin, so we can quote Openly and other carriers for your Indiana home and service the policy after you buy it.
