If you’re a landlord looking for reliable insurance coverage for your rental properties, you’ve probably come across Steadily Landlord Insurance. This company has been gaining attention for its tailored landlord insurance products designed to protect your investment properties from a variety of risks. Whether you own a single family home, a duplex, or even a quadplex, Steadily aims to provide comprehensive coverage options that fit your needs. In this review, we’ll dive deep into what Steadily offers, how it compares to competitors, and whether it’s the right choice for you as a property owner.
Is Steadily Landlord Insurance Legit?
When it comes to insurance, legitimacy and trustworthiness are paramount. Steadily is a licensed insurance provider that partners with reputable carriers to offer landlord insurance policies. Their platform is designed to simplify the insurance buying process, making it easy for landlords to get quotes, compare coverage, and purchase policies online.
Steadily operates with transparency and complies with all state insurance regulations. Their website uses HTTPS encryption to protect your data, and they maintain compliance with data protection laws. This ensures that your personal and property information is handled securely throughout the application and claims process.
Additionally, Steadily’s customer-centric approach means they provide clear, jargon-free explanations of coverage options, helping landlords understand exactly what they’re buying. This approach builds trust and makes Steadily a legitimate and reliable option for landlord insurance.
How Does Steadily Work?
Steadily uses cutting-edge technology to offer personalized insurance quotes based on your specific rental property details. You can enter information about your property type, location, and coverage needs, and receive competitive quotes from multiple insurance providers. This unbiased comparison helps you find the best policy without the hassle of contacting multiple agents.
Moreover, Steadily offers live chat support and phone assistance if you need help during the process, ensuring you’re never left in the dark.
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Does Steadily Pay Out On Landlord Insurance?
One of the most important questions landlords ask is whether their insurance company will pay out claims promptly and fairly. Steadily works with established insurance carriers known for their reliable claims handling. While Steadily itself is a platform rather than the insurer, it facilitates claims through its partner companies.
Landlords who have filed claims through Steadily’s partner insurers report timely responses and fair settlements, especially for common landlord insurance claims such as property damage, liability, and loss of rental income. Steadily also provides clear guidance on how to file claims and offers tips to expedite the process.
Claims Assistance and Support
Steadily offers resources to help landlords understand the claims process, including direct links to insurance providers’ claims pages. Their customer support team is available to assist with questions or concerns, making the experience smoother for policyholders.
While no insurance company can guarantee every claim will be approved, Steadily’s partnerships with reputable insurers and their focus on customer service make it a dependable choice for landlords seeking coverage that pays out when needed.
Can You Buy Landlord Insurance Online With Steadily?
Yes, one of Steadily’s standout features is the ability to buy landlord insurance entirely online. Their platform is optimized for desktop and mobile devices, allowing landlords to get quotes, customize coverage, and purchase policies without ever needing to speak to an agent unless they want to.
This streamlined online process saves time and reduces the hassle often associated with insurance shopping. You can compare quotes side-by-side, adjust deductibles and coverage limits, and finalize your purchase in just a few minutes.
Is There Support If You Need It?
While the process is designed to be self-service, Steadily offers live chat and phone support for those who prefer human assistance. This hybrid approach caters to both tech-savvy landlords and those who want a more personal touch.
How Much Does Steadily Landlord Insurance Cost?
The cost of Steadily Landlord Insurance varies depending on several factors including the type of rental property, location, coverage limits, and any additional endorsements you choose. Generally, landlord insurance premiums are higher than standard homeowner policies because they cover risks specific to rental properties.
Steadily provides a quote comparison tool that allows you to see pricing from multiple insurers based on your inputs. This helps you find competitive rates tailored to your property type, whether it’s a single family home, duplex, or larger multi-unit building.
Factors Influencing Cost
Some key factors that affect your premium include the property’s age, condition, security features, and whether you want coverage for special risks like theft or bed bugs. Deductibles and liability limits also play a role in determining your monthly or annual premium.
Because Steadily partners with multiple carriers, you can often find flexible pricing options that fit your budget without sacrificing essential coverage.
Steadily Landlord Insurance Pros And Cons
Pros Of Steadily Landlord Insurance
Steadily offers a user-friendly online platform that simplifies the insurance buying process for landlords. Their ability to provide quotes from multiple reputable insurers means you can compare coverage and pricing easily.
Their customer support is accessible and knowledgeable, helping landlords navigate policy details and claims. Additionally, Steadily covers a wide range of rental property types and offers specialized coverage options such as theft and bed bug protection.
Another advantage is their focus on transparency and education, which helps landlords make informed decisions without feeling overwhelmed by insurance jargon.
On the downside, because Steadily is a platform rather than an insurer, your policy is underwritten by partner companies, which means claims and service quality can vary depending on the carrier. Also, some niche coverage options may not be available in all states.
Is Steadily A Good Company?
Steadily has built a solid reputation as a landlord insurance platform that prioritizes simplicity and customer satisfaction. Their partnerships with established insurance carriers ensure that policies are backed by financially stable companies.
Customer reviews generally highlight the ease of use of their online tools and the helpfulness of their support team. While no insurance provider is perfect, Steadily’s approach to combining technology with personalized service makes it a good choice for many landlords.
Customer Experience
Many users appreciate the ability to get quotes quickly and the transparency in coverage options. The platform’s educational resources also help landlords understand what they’re buying, which is a big plus for first-time property owners.
Who Owns Steadily?
Steadily is a privately held company focused on innovating the insurance shopping experience for landlords. While specific ownership details are not widely publicized, the company collaborates with licensed insurance carriers and brokers to provide its services.
This partnership model allows Steadily to leverage the expertise and financial strength of established insurers while offering a modern, tech-driven interface for customers.
Company Mission
Steadily’s mission centers on making landlord insurance accessible, understandable, and affordable. They aim to empower property owners with the tools and knowledge needed to protect their investments effectively.
How Long Has Steadily Landlord Insurance Been Around?
Steadily is a relatively new player in the landlord insurance market, having launched its platform within the last few years. Despite its recent entry, it has quickly gained traction by addressing common pain points landlords face when shopping for insurance.
The company’s use of technology to streamline quotes and policy management reflects a modern approach that appeals to today’s property owners who prefer digital solutions.
Growth and Development
Since its inception, Steadily has expanded its coverage options and improved its platform features, including mobile responsiveness and claims assistance. Their ongoing development plans include integrating AI-driven tools to further personalize insurance recommendations.
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Steadily Landlord Insurance Reviews
Steadily Landlord Insurance Reviews From Reddit
On Reddit, landlords often discuss Steadily as a convenient option for getting landlord insurance quotes online. Many appreciate the straightforward process and the ability to compare multiple insurers without pressure from agents. Some users share positive experiences with claims, while others suggest checking specific coverage details carefully.
Steadily Landlord Insurance Google Reviews
Google reviews for Steadily highlight the ease of use of their website and the helpfulness of customer service. Users mention quick quote turnaround times and competitive pricing. A few reviews note minor issues with policy customization but overall rate the experience positively.
Steadily Landlord Insurance BBB Reviews
Steadily is not currently accredited by the Better Business Bureau (BBB), but it maintains a profile where customers can leave feedback. The reviews tend to be mixed, with many praising the platform’s convenience and some expressing concerns about claims processing delays, which are often related to the partner insurers rather than Steadily itself.
Steadily Landlord Insurance Reviews From Consumer Reports
Consumer Reports has not published a detailed review of Steadily specifically, but landlord insurance products offered through similar platforms generally receive favorable marks for accessibility and pricing. It’s recommended to compare Steadily’s offerings with other providers to ensure the best fit.
Steadily Landlord Insurance Reviews From Yelp
Yelp reviews for Steadily are limited but tend to reflect a positive user experience with the online quote process. Some reviewers mention the helpfulness of the support team and the clarity of policy explanations.
Steadily Landlord Insurance AM Best Rating
Since Steadily partners with multiple insurance carriers, the AM Best rating depends on the specific insurer underwriting your policy. AM Best ratings assess the financial strength and claims-paying ability of insurance companies, so it’s important to check the rating of the carrier behind your Steadily policy for peace of mind.
Steadily Landlord Insurance Complaints
Like any insurance platform, Steadily has received some complaints, mostly related to claims handling and policy coverage misunderstandings. Many of these issues stem from the partner insurers rather than Steadily itself.
Some landlords have reported delays in claim payouts or difficulties with coverage limits, especially for specialized risks like bed bugs or theft. However, Steadily’s customer support often steps in to assist policyholders in navigating these challenges.
How Steadily Addresses Complaints
Steadily encourages customers to reach out directly for support and works to resolve issues promptly. Their transparent communication and educational resources help reduce confusion about what is and isn’t covered, which can prevent many common complaints.
What Does Steadily Landlord Insurance Cover?
Does Steadily Landlord Insurance Cover Theft?
Theft coverage is a critical component of landlord insurance, and Steadily includes this protection in many of its policies. This coverage helps reimburse landlords for stolen property or damage resulting from a break-in, providing peace of mind for rental property owners.
It’s important to review your specific policy details to understand limits and any exclusions related to theft, as these can vary by insurer and state regulations.
Does Steadily Cover Bed Bugs?
Bed bug coverage is less common in standard landlord insurance policies, but Steadily offers options that include protection against bed bug infestations. This coverage can help cover the costs of extermination and related damages, which can be a significant expense for landlords.
Because bed bug coverage is often an add-on or endorsement, landlords should confirm availability and terms when purchasing their policy through Steadily.
What Does Steadily Landlord Insurance NOT Cover?
Common Exclusions in Steadily Landlord Insurance
Like most landlord insurance policies, Steadily’s coverage typically excludes certain risks. These often include damage from floods, earthquakes, and routine wear and tear. Landlords may need to purchase separate policies or endorsements for these perils.
Additionally, intentional damage caused by tenants or landlords is not covered, nor are losses due to illegal activities on the property. It’s essential to read the policy terms carefully to understand all exclusions.
Limitations on Liability and Personal Property
Liability coverage may have limits that don’t cover all legal expenses or damages in certain lawsuits. Personal property coverage usually applies only to landlord-owned items, not tenant belongings. Clarifying these details with Steadily’s support team can help avoid surprises.
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What Types Of Rental Properties Does Steadily Cover?
Single Family Home
Steadily offers landlord insurance policies tailored for single family homes, providing coverage for property damage, liability, and loss of rental income. This is ideal for landlords who own standalone houses rented to tenants.
Town Home
Town homes are also covered under Steadily’s landlord insurance offerings. These policies account for the unique aspects of attached homes, including shared walls and community regulations.
Duplex
For landlords owning duplexes, Steadily provides coverage that protects both units under one policy. This can simplify management and ensure comprehensive protection for multi-unit properties.
Triplex
Triplex properties are supported as well, with policies designed to cover the increased risks and responsibilities associated with managing three rental units.
QuadPlex
Steadily’s landlord insurance extends to quadplexes, offering coverage options that address the complexities of four-unit rental buildings, including liability and property damage protections.
Does Steadily Offer Short-Term Rental Insurance?
Will Steadily Protect My Airbnb?
Short-term rentals like Airbnb properties have unique insurance needs due to frequent guest turnover and higher liability risks. Steadily offers specialized short-term rental insurance options designed to cover these risks, including property damage and liability related to guest stays.
Landlords should verify with Steadily whether their Airbnb property qualifies and what specific coverage limits apply.
Will Steadily Protect My Vrbo?
Similarly, Steadily provides insurance solutions for Vrbo hosts, addressing the particular challenges of short-term vacation rentals. This includes coverage for theft, accidental damage, and liability arising from guest activities.
It’s recommended to discuss your Vrbo rental details with Steadily’s representatives to ensure you have the right coverage.
Does Steadily Offer Admitted or Non-Admitted Policies?
What Is An Admitted Insurance Policy?
An admitted insurance policy is one that is approved and regulated by the state’s insurance department. These policies offer certain consumer protections, including access to state guaranty funds if the insurer becomes insolvent.
Steadily works with admitted carriers for many of its landlord insurance products, providing policyholders with these regulatory safeguards.
What Is A Non-Admitted Insurance Policy?
Non-admitted policies are offered by insurers not licensed in the state but allowed to operate under special circumstances. These policies may offer more flexible coverage but lack some of the consumer protections of admitted policies.
Steadily may offer non-admitted options for specialized coverage or in states where admitted carriers are limited. It’s important to understand the differences before purchasing.
Can I Cover Multiple Properties With Steadily?
Yes, Steadily allows landlords to manage insurance for multiple rental properties through their platform. You can obtain quotes and purchase policies for each property individually, and track them all in one convenient account.
This multi-property management feature simplifies the insurance process for landlords with diverse portfolios, ensuring each property has appropriate coverage.
Benefits of Multi-Property Coverage
Managing multiple policies in one place helps landlords stay organized and receive renewal reminders. Steadily’s platform also suggests policy updates based on changes in your portfolio or life events.
Are There Any Steadily Landlord Insurance Alternatives?
Steadily vs Proper Insurance
Proper Insurance is another online platform offering landlord insurance with a focus on personalized coverage and competitive pricing. While both platforms provide easy online quotes, Proper Insurance may have a broader network of carriers in some states, potentially offering more options.
Steadily, however, emphasizes simplicity and user-friendly design, which some landlords prefer.
Steadily vs Obie Insurance
Obie Insurance specializes in landlord insurance with a strong emphasis on technology and customer service. Obie offers a mobile app for policy management, which may appeal to tech-savvy landlords. Steadily also offers mobile responsiveness but is still developing app features.
Both companies provide theft and bed bug coverage, but Obie may have more extensive endorsements available.
Steadily vs Honeycomb Insurance
Honeycomb Insurance focuses on flexible landlord insurance policies with customizable coverage options. They offer competitive rates and a straightforward online application process similar to Steadily.
Choosing between Honeycomb and Steadily may come down to specific coverage needs and pricing in your area.
Is Steadily Landlord Insurance Available In My State?
Steadily offers landlord insurance coverage across the United States, but availability can vary by state due to insurance regulations and carrier licensing. Below is a table showing where Steadily landlord insurance is available:
| State | Available |
|---|---|
| Alabama (AL) | ✔ |
| Alaska (AK) | ✔ |
| Arizona (AZ) | ✔ |
| Arkansas (AR) | ✔ |
| California (CA) | ✔ |
| Colorado (CO) | ✔ |
| Connecticut (CT) | ✔ |
| Delaware (DE) | ✔ |
| Florida (FL) | ✔ |
| Georgia (GA) | ✔ |
| Hawaii (HI) | ✔ |
| Idaho (ID) | ✔ |
| Illinois (IL) | ✔ |
| Indiana (IN) | ✔ |
| Iowa (IA) | ✔ |
| Kansas (KS) | ✔ |
| Kentucky (KY) | ✔ |
| Louisiana (LA) | ✔ |
| Maine (ME) | ✔ |
| Maryland (MD) | ✔ |
| Massachusetts (MA) | ✔ |
| Michigan (MI) | ✔ |
| Minnesota (MN) | ✔ |
| Mississippi (MS) | ✔ |
| Missouri (MO) | ✔ |
| Montana (MT) | ✔ |
| Nebraska (NE) | ✔ |
| Nevada (NV) | ✔ |
| New Hampshire (NH) | ✔ |
| New Jersey (NJ) | ✔ |
| New Mexico (NM) | ✔ |
| New York (NY) | ✔ |
| North Carolina (NC) | ✔ |
| North Dakota (ND) | ✔ |
| Ohio (OH) | ✔ |
| Oklahoma (OK) | ✔ |
| Oregon (OR) | ✔ |
| Pennsylvania (PA) | ✔ |
| Rhode Island (RI) | ✔ |
| South Carolina (SC) | ✔ |
| South Dakota (SD) | ✔ |
| Tennessee (TN) | ✔ |
| Texas (TX) | ✔ |
| Utah (UT) | ✔ |
| Vermont (VT) | ✔ |
| Virginia (VA) | ✔ |
| Washington (WA) | ✔ |
| West Virginia (WV) | ✔ |
| Wisconsin (WI) | ✔ |
| Wyoming (WY) | ✔ |
To find out if Steadily is available in your state, simply check their website or contact their customer support for the most accurate information.
How Do I Contact Steadily Landlord Insurance?
Contacting Steadily is straightforward. They offer multiple channels for customer support, including live chat on their website, email, and phone support. This ensures that you can get assistance whenever you need it, whether you have questions about quotes, policies, or claims.
For immediate assistance, the live chat feature is particularly useful, allowing you to connect with a representative in real-time. If you prefer to speak with someone directly, you can call their customer service line during business hours. Additionally, you can send an email for less urgent inquiries, and they typically respond within a reasonable timeframe.
Customer Support Hours
Steadily’s customer support team is available during regular business hours, but they also provide resources on their website, including FAQs and guides, to help you find answers to common questions without needing to reach out directly.
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Frequently Asked Questions
Is Steadily Landlord Insurance a good option?
Yes, Steadily Landlord Insurance is a good option for many landlords due to its user-friendly online platform, competitive pricing, and comprehensive coverage options. Their focus on customer service and transparency also adds to their appeal.
Is Steadily right for you?
Steadily may be right for you if you’re looking for a straightforward, online insurance buying experience with the ability to compare quotes from multiple insurers. If you own rental properties and want tailored coverage options, Steadily is worth considering.
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Steadily Landlord Insurance Pros & Cons