Concerned with wind/hail/tornado deductibles?
We can help! Peoples Insurance offers a unique wind/hail/tornado buyback policy through Sola. It helps you cover your deductibles and other out-of-pocket expenses. The premiums are based on your property risk, not claims or personal details, meaning fairer, lower prices!
With the rising costs of homeowners insurance and the increased deductibles for wind and hail coverage, Sola Insurance is an option that would help with those gaps in coverage.
How your Sola Wind/Hail/Tornado Coverage works
Fair premiums
The Sola policy is affordable and reliable because it is based on your property's risk, not your personal details.
Monitor
Sola monitors weather data 24/7. Sola's system tracks whether your property was impacted by wind, hail, or tornado.
Proactive support
If your home is impacted, reach out to your Peoples Insurance agent and send pictures of damage to the covered structure from the wind/hail event. Your Peoples Insurance agent will send that information to Sola.
Quick payout
Sola will issue a direct deposit payout once the confirmed weather data is received, which typically takes about 3–5 days, especially since hail can be very localized (sometimes hitting one side of a street but not the other). This means you get paid without the hassle of an extensive claims process. Plus, your claims history is not reported, and there is no deductible! You can use this policy to pay for the deductible on your homeowner’s insurance or repairs.
Additionally, once a policyholder receives a payout from Sola, there will be a 30-day waiting period. After that, your policy will be back in full effect, and you’ll be eligible for an additional payout. This ensures you have continuous coverage throughout the entire policy year!
Get a free quote
Our agents offer local expertise and a long history in the insurance industry. Give us a call, request a quote online, or visit one of our seven locations in Rock Valley, Lester, Sioux Center, Akron, Sheldon, or Hawarden, Iowa, and Jasper, MN. Our friendly insurance agents are always happy to answer your questions and help you with the application process.
Sola Wind/Hail FAQs
What is the wind/hail coverage for?
This policy covers the wind/hail deductible on your home insurance policy. Like all major carriers over the past decade, Sola uses National Weather Service data to identify and pay wind/hail claims.
How does the payout work?
If your home is impacted, reach out to your Peoples Insurance agent and send pictures of damage to the covered structure from the wind/hail event. Your Peoples Insurance agent will send that information to Sola. Sola will issue a direct deposit payout once the confirmed weather data is received through Sola's system utilizing National Weather Service. Additionally, once a policyholder receives a payout from Sola, there will be a 30-day waiting period. After that, your policy will be back in full effect, and you’ll be eligible for an additional payout. This ensures you have continuous coverage throughout the entire policy year!
Does the Sola policy have a deductible?
No, the Sola policy does not have a deductible.
Will a claim from Sola be reported to my CLUE or historical home damage report?
No, a Sola claim is not reported on your CLUE or historical home damage report.
Will you non-renew or increase my premium after a claim?
No, Sola will not non-renew a policy or increase the premium after a claim. Sola's policy cost is only based on your home’s risk, not your personal details or whether or not you filed a claim. This means they will not penalize you for getting the coverage you paid for.
What is Sola’s financial backing?
Sola is fully reinsured through A-rated reinsurance carriers out of Lloyd’s of London.
What are Sola's different payment methods?
You can pay by bank account or credit card in full for the year, or monthly, Discounts are offered for full-year payments, or payments through a bank account.
Is there a waiting period before coverage becomes active?
Yes, after purchasing the policy, there is a five-day waiting period from the purchase date before you are eligible for a payout unless the policy start date is more than five days out.
Does this cover hurricanes?
No, this policy does not cover hurricanes.
Auto Insurance
Peoples Insurance makes it easy to find the Auto Insurance coverage you need at rates you can afford. As an independent agency, we offer competitively priced auto insurance through a number of dependable companies.