I just went to my insurance company and wanted insurance and just did the things people do. I didn't know what I needed, otherwise I would have gotten it. I didn't even know what I had or where my policy was. I took this policy out 15 years ago and the property is worth so much more
After I got hit I got no help from my insurance, I didn't think a tornado could happen to me. I am in debt up to my knees and took on a bunch of loans to build a new shop. I am not making the same mistake next time I buy insurance.
After the tornado we learned a lot. Every single one of our homeowners and businesses was underinsured, and some significantly. We created a mandatory review plan where we need to make sure all your information is updated and your policy is updated. All our customers were shocked and grateful that we did this.
We use weather data to assess damage in your area
You receive your payout
Sola works extremely well with your current policy. While you are working through your major claim or have any out-of-pocket costs, Sola will be there to help cover whatever you need most. No deductibles, adjusters, or paperwork. Know exactly how much you will receive after the event and use the money for whatever you need most. Just like a rider policy you might have on your home insurance, like water backup or service line coverage, Sola is a normal supplemental add-on to your standard home policy.
The National Weather Service (NWS) has a central Damage Assessment Toolkit database for tornado damage which we use to determine how close a damage point or area is to your house. The day after a tornado, the NWS will go out and survey the area, publishing the data for us to use within a few days of the event. The chart below shows how much you will receive if you’re within that EF damage area. Since we use data to figure out who gets paid out and how much, we don’t require you to file a claim since Sola will automatically notify you via email and text of your payout if in a damaged area. This system allows us to proactively send payouts to hundreds of homeowners at once if affected by a severe event.
Everyone has gaps, even starting at the deductible and limits of the policy. But other gaps can be found by looking for terms in the policy like”, “eligibility”, “exclusions”, and “limits of coverage” to understand what is and isn’t covered. (But be warned, this make take a while)