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
- Comparion's September 2026 rollout exposed Sola to thousands of homeowners instantly.
- Sola raised $8 million in August 2025, bringing total funding to $11.7 million.
- The November 2026 site shows active publishing, signaling continued product and acquisition investment.
What critics are saying
- Coverage depends on severe-storm frequency; a quiet 2027 could crush premium growth.
- Lloyd's coverholder capacity and partner carriers like Tokio Marine Kiln control underwriting economics.
- If regulators or competitors reject parametric-style deductibles, Sola's standalone product loses relevance fast.
What makes Sola Insurance unique
- Sola pays deductibles fast using National Weather Service triggers, not adjuster discretion.
- It sells standalone wind, hail, and tornado coverage across 16 states as of November 2026.
- Comparion Insurance Agency began offering Sola in July 2026 across 12 states.
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