Overview
Sola Insurance provides tornado-damage coverage for property owners through the Tornado Crisis Policy, which covers up to $15,000 in out-of-pocket costs (such as deductibles) incurred due to tornado damage. The policy uses National Weather Service data to assess damage and determine eligibility and payout amounts, with payouts based on the Enhanced Fujita (EF) scale—the higher the EF level at a property, the higher the payout. Revenue comes from policy premiums. The company emphasizes fast, proactive payouts and a streamlined, transparent claims process. It differentiates itself by offering data-driven, EF-scale-based payouts that directly reduce clients’ deductible costs, addressing gaps left by traditional insurance. Its goal is to help clients recover faster after a disaster by providing clear financial protection and quick, predictable payments.
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Simplify's Take
What believers are saying
- Sola raised $8 million in August 2025, bringing total funding to $11.7 million.
- Its website updated August 11, 2026, showing active distribution and servicing.
- Management said in December 2025 premium in force grew 6x and agencies reached 500+.
What critics are saying
- Sola depends on NWS data and third-party underwriting; data or capacity failures stop payouts.
- Catastrophic tornado seasons can concentrate correlated losses and crush margins inside weeks.
- State insurance regulators can challenge trigger logic, delaying expansion and threatening the product model.
What makes Sola Insurance unique
- Sola automates tornado payouts using National Weather Service data and EF-scale triggers.
- It sells supplemental coverage for deductibles and out-of-pocket costs, not replacement homeowners insurance.
- By August 2025, Sola became a Lloyd's of London coverholder.
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