Steadily Landlord Insurance for STR Hosts: A Review

What Steadily is

Steadily is a licensed landlord insurance carrier. It writes through its own carrier, Steadily Insurance Company, an Arizona insurance company with NAIC number 16963, and its landlord policies also cover short-term rentals. That combination is the point: a single landlord policy that permits Airbnb and Vrbo use rather than a separate short-term rental insurance product bolted on top.

Owning a carrier means Steadily can be the entity behind a policy, though it also places policies with partner carriers through its agency, so the underwriter on your paperwork can vary; check which entity is actually writing your coverage. For an owner, that can simplify who answers a claim, though it doesn't by itself tell you the carrier's financial-strength rating, which Steadily doesn't publish.

The landlord form exists because a standard homeowner policy is written for owner-occupancy and can exclude claims tied to paying guests. Steadily's product is built to sit in that gap for owners who rent the property out, on either a long lease or short stays, and it stops short of the fuller commercial replacement policy a provider like Proper writes. That places it between a personal homeowner policy and a dedicated commercial one, which is a reasonable fit for owners who want a licensed carrier without moving all the way to a commercial program.

What it covers

Steadily's landlord policies cover:

• Liability insurance written into every policy.
• Building coverage against named perils including fire, water, storm and hail, vandalism, burglary, and riot.
• Loss of rent, which pays lost rental income when the property becomes uninhabitable due to a covered peril, functioning as business interruption insurance.

The perils Steadily lists are specific causes of loss rather than an all-risk promise, so the policy responds to the named events and not automatically to every cause. Loss-of-rent coverage helps an owner whose income depends on the property staying bookable, since it steps in when a covered peril forces the home offline. Steadily markets short-term rental coverage in every state, describing it as "damage and liability coverage for Airbnbs and VRBOs." Contents coverage isn't named as a separate line on Steadily's public pages, so if you need coverage for furnishings, appliances, or the items that fill a furnished rental, ask whether it's included and at what limit before you buy.

Stated limits and costs

• Liability: $300,000 to $2,000,000, written into every landlord policy in all 50 states.
• Deductibles: not published by Steadily.
• Premium: not publicly stated; Steadily quotes each property.
• AM Best or other financial-strength rating: not published by Steadily.

The liability range is wide, and where a given property lands inside it depends on the coverage you select and on underwriting. Steadily notes that "coverage options, limits, discounts, deductibles and other features are subject to individuals meeting our underwriting criteria and state availability," so the advertised range is a starting band rather than a promise for every applicant. Ask for the deductible structure in writing, since it's one of the numbers Steadily doesn't publish and it directly affects what a claim pays.

How you buy it

You buy directly from Steadily, which quotes online. Coverage is available in all 50 states. Landlord policies are conventionally annual, and Steadily's product reads that way, though Steadily's pages don't state the term verbatim, so get the length and renewal terms in writing. Because a landlord policy that allows STR use sits between a personal homeowner policy and a full commercial policy, tell Steadily how often and how the property is rented so the coverage matches the actual use.

Who it fits

Steadily fits owners who want a landlord policy that also sanctions short-term rental use, particularly those running a mix of long-term and short-stay tenancies, or transitioning a rental between the two. The built-in liability range and loss-of-rent coverage suit owners who want core building and income protection under one carrier. It can also suit an owner who needs a certificate of insurance from a licensed carrier for a lender or a local registration requirement.

Hosts who want per-booking coverage that passes cost to the guest, or a policy tuned specifically for high-turnover STR use, may prefer a per-stay product. Owners who need broad contents coverage should check that line is available before treating Steadily as a complete solution.

Caveats and gaps

• Contents coverage isn't named on Steadily's public pages, so confirm whether furnishings are covered and at what limit.
• Deductibles, premiums, and any financial-strength rating aren't published, so a quote is the only way to see full costs.
• Building coverage is written on a named-peril basis, so causes of loss outside that list may not be covered.
• Coverage is subject to underwriting and state availability, so the advertised liability range isn't guaranteed for every property.
• The annual term is inferred from standard landlord policy structure, not stated verbatim, so confirm it.
• Steadily isn't a Hostaway marketplace partner as of the date of this review.

Insurance terms carry real financial stakes, so treat this as a starting point: confirm coverage, exclusions, and limits with Steadily and a licensed agent before you buy.