Why Do We Need This Policy?
This policy helps bridge the gap caused by deductibles, delays in traditional insurance payouts, and out-of-pocket expenses. Payouts typically arrive within days, helping you recover faster and return to normal life.
How the Policy Works
1. Tornado Event and Damage Assessment
A tornado damages your insured property.
The National Weather Service (NWS) surveys affected areas and publishes data within a few days.
Sola collects this data to determine if your property may have sustained damage.
You’ll receive a text and email from Sola asking if your insured property experienced damage.
2. Reporting Damage and Receiving Payment
You respond promptly through the provided link to attest to your loss.
If your property is damaged, you can log into your account (or create one using policy info) to select your preferred payment method.
Sola transfers the money directly to your account. You can use it for any out-of-pocket expenses.
Policy Coverage
What Does the Policy Cover?
After entering your direct deposit information, Sola transfers funds to your account. Use the money however you need—many apply it to their deductible or immediate costs.
How Is the Payout Amount Determined?
Sola bases your payout on the Enhanced Fujita (EF) level reported by the NWS at your property location. The higher the EF rating and your coverage limit, the higher your potential payout.