Who Is Sola?
Sola is an insurtech managing general agency (MGA) that offers parametric wind, hail, and tornado insurance for homeowners. Rather than relying on a traditional adjuster inspection, Sola uses a parametric model: payouts are triggered by objective weather data, such as verified National Weather Service readings confirming a qualifying storm at the property’s location. Because the policy is data-triggered, claims are settled quickly — typically within about 7 to 10 days by direct deposit — and the Sola policy carries no deductible. Its products are backed by established carrier and Lloyd’s market capacity.
Sola is designed as a supplemental policy that sits alongside a standard homeowners policy. A typical home policy covers wind and hail damage but comes with a deductible the homeowner must pay first; Sola is built to help cover that deductible and other out-of-pocket costs after a severe storm. For clients in storm-prone areas, Better Choice Insurance Group can pair a primary homeowners policy with a Sola parametric policy to reduce the financial sting of a wind or hail event and get cash in hand quickly.
What They’re Known For
- Parametric Payouts: Sola uses objective weather data to trigger payouts instead of a traditional adjuster inspection.
- Wind, Hail & Tornado: Coverage is focused on severe convective storm events including wind, hail, and tornadoes.
- Fast, No-Deductible Claims: The policy has no deductible and typically pays out within roughly 7 to 10 days by direct deposit.
- Deductible Protection: Sola works as a supplement to a standard homeowners policy, helping cover the storm deductible and out-of-pocket costs.
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Where We Write Sola Insurance
Better Choice Insurance Group offers Sola coverage to clients across our service areas:
- Illinois: St. Charles, Naperville, Chicago, Aurora, Schaumburg
- Texas: San Antonio, Dallas, Houston, Austin, Fort Worth
- Indiana: Indianapolis, Carmel, Fishers
- Minnesota: Minneapolis, St. Paul, Bloomington