Steadily Insurance Review: Is This the Best Landlord Insurance for Rental Property Owners?
If you’re a landlord looking to protect your rental property with affordable and flexible insurance coverage, you’ve likely heard of Steadily Insurance. But is it the right choice for you? In this in-depth review, we explore everything you need to know about Steadily—from coverage options and technology perks to policy types and financial strength.
Apply here: https://quotes.goosehead.com/?t=cp&Yukon+Project
What Is Steadily Insurance?
Steadily is a tech-forward insurance provider that specializes in landlord insurance. Unlike traditional insurance companies that offer general home insurance, Steadily is built specifically for property owners who rent out homes—including long-term rentals, short-term vacation properties, and even vacant homes.
Founded with the mission to simplify and modernize landlord insurance, Steadily combines quick digital quoting with a wide variety of coverage options tailored for today’s real estate investors.
What Types of Properties Does Steadily Cover?
Steadily stands out by offering insurance coverage for a broad range of rental property types. These include:
- 🏠 Single-family homes
- 🏢 Multi-family buildings
- 🏘️ Apartment units
- 🏚️ Vacant or renovation properties
- 🛠️ Manufactured homes
- 🏢 Condos and townhouses
- 🏡 Short-term rentals (Airbnb, Vrbo, etc.)
This wide coverage is ideal for both seasoned investors with multiple properties and first-time landlords looking to protect their initial investment.
Short-Term Rental Insurance: Airbnb and Vrbo Protection
One of Steadily’s biggest selling points is its specialized support for short-term rentals. If you’re renting out your home on platforms like Airbnb or Vrbo, you may face different risks than long-term landlords. Steadily provides options for:
- ✅ Guest damage coverage
- ✅ Liability protection
- ✅ Loss of rental income
- ✅ Special event protection
- ✅ Higher turnover-related risk
These features make Steadily one of the few insurance providers that truly understand the needs of short-term rental hosts.
What Does Steadily Insurance Cover?
Steadily policies can be customized to fit a broad or narrow set of risks, depending on your budget and risk profile. Common landlord insurance coverages include:
- 🔥 Fire and smoke damage
- 💧 Water damage
- 💼 Legal liability
- 🧱 Vandalism and theft
- 💥 Civil commotion
- ⚡ Windstorm, hail, and lightning
- 🚑 Injury protection (liability)
If you’re looking to reduce your premium, Steadily allows you to opt for more basic coverage focused only on the essentials.
Admitted vs. Non-Admitted Policies: What’s the Difference?
Steadily offers both admitted and non-admitted insurance policies.
- Admitted policies are approved and regulated by your state’s Department of Insurance. This means if Steadily were to become insolvent, the state would back your claim.
- Non-admitted policies are not state-backed and are used for higher-risk or specialty properties, such as:
- Historic homes
- Unique architectural designs
- Properties in wildfire or flood zones
The flexibility to offer both policy types ensures that Steadily can serve a wide array of landlord needs.
How Steadily Uses Technology to Simplify Insurance
Steadily is not just an insurance company—it’s a tech company at heart. By integrating with over 400 property technology platforms, Steadily can quickly access information about your rental property to generate quotes faster and with more accuracy.
Additionally, Steadily offers:
- 📱 A mobile-friendly dashboard for managing your policies
- 🔄 A streamlined claims process
- ⏱️ Fast, often same-day quotes
This is particularly valuable for investors managing multiple properties or needing insurance urgently due to financing or tenant deadlines.
Is Steadily Financially Stable?
Yes—AM Best, the premier credit rating agency for insurance companies, has awarded Steadily an A- (Excellent)financial strength rating.
This means Steadily is considered highly capable of meeting its ongoing insurance obligations—a critical factor when evaluating any insurance provider.
Pros and Cons of Steadily Insurance
✅ Pros:
- Designed specifically for landlords
- Covers short-term and long-term rentals
- Easy online application and quote process
- Supports hard-to-insure properties via non-admitted policies
- Highly rated for financial strength
- Mobile platform for easy policy management
❌ Cons:
- Not available in all states (check availability)
- Premiums may be higher for complex or high-risk properties
- Less personalized agent support than traditional agencies
Is Steadily Right for You?
Steadily is a strong option for:
- Property investors seeking quick, online quotes
- Airbnb or Vrbo hosts looking for short-term rental protection
- Landlords who want tech-based policy management
- Owners of unusual or high-risk properties
However, it’s always smart to compare options.
Need Help Comparing Landlord Insurance?
If you’re not sure whether Steadily is the right provider for your rental properties, visit us at The Yukon Project. Our independent agents work with over 200 carriers across the country and can help you:
- Compare prices
- Improve your coverage
- Find the best policy for your property type
There’s no obligation unless we can improve your deal. Let us do the hard work for you.
Final Thoughts
Steadily is one of the best landlord insurance companies for tech-savvy rental property owners—especially those involved in short-term rentals. With customizable coverage, a fast quote process, and solid financial backing, it’s definitely worth considering.
Just don’t forget to shop around to ensure you’re getting the best rate and the right coverage for your unique situation.
Want more reviews and tips for landlords, investors, and homeowners?
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Apply here: https://quotes.goosehead.com/?t=cp&Yukon+Project
