Steadily Landlord Insurance Review 2026: Built for Rental Properties
Regular homeowners insurance doesn't cover rental properties — and many landlords learn this at claim time, when their insurer denies coverage because the property was tenant-occupied. Steadily is insurance built specifically for landlords, quoted and bought online in minutes. Here's the honest review.
What Steadily covers
Standard Steadily landlord policies (DP-3 form) include:
- Dwelling coverage — the structure itself: fire, wind, hail, vandalism, water damage from burst pipes
- Liability — $300,000 to $2 million per occurrence when tenants or visitors are injured
- Loss of rental income — typically 12 months of fair rental value while the property is being repaired
- Landlord personal property — appliances and furnishings you own at the rental
It covers long-term, mid-term, and short-term rentals across all 50 states, including part-time Airbnb properties that traditional insurers often decline.
What it costs
Landlord insurance runs about 25% more than homeowners insurance on the same property (tenants statistically generate more claims). Steadily's numbers:
- Average long-term rental policy: ~$1,070/year nationally
- Average short-term rental policy: ~$1,377/year
- A $300,000 dwelling policy on a standard single-family rental: $900–$1,800/year, depending on state risk (hurricanes, wildfire, hail), property age, roof condition, and claims history
Quotes take minutes online — dramatically faster than going through a traditional broker.
What makes Steadily different
1. Built for investors, not homeowners. The application asks about your rental, not your primary residence. No explaining to an agent why the "homeowner" doesn't live there.
2. Portfolio-friendly. Insure multiple properties under one account with one renewal date — a real quality-of-life feature at 5+ doors.
3. STR-friendly. Many traditional insurers won't touch short-term rentals or charge absurd premiums. Steadily's STR coverage is a core product, not an exception.
4. Speed. Online quote-to-bind in minutes vs. days with a broker.
The fine print
- Premiums vary wildly by state. Florida, California, and hail-belt states cost far more than the national average — that's true of every insurer, not just Steadily.
- Liability add-ons cost extra. Bumping from $300K to $1M liability typically adds $200–$400/year — worth it for most landlords.
- It's still insurance. Read the exclusions: floods and earthquakes need separate policies, and wear-and-tear isn't covered anywhere.
- Premiums are tax-deductible. The full premium is an ordinary business expense on Schedule E — a fact too many landlords forget.
Steadily vs. alternatives
- vs. your current homeowners insurer's "landlord endorsement": cheaper sometimes, but endorsements are often thin coverage with rental exclusions buried in the fine print. A purpose-built DP-3 policy is more robust.
- vs. traditional brokers: brokers can shop multiple carriers and may win on price for unusual properties — but you'll wait days and explain your portfolio repeatedly.
- vs. Obie / other landlord-focused insurers: similar concept; compare quotes head-to-head since pricing varies by property.
Who should get a Steadily quote
- Any landlord whose rental is insured under a homeowners policy or a vague "endorsement" — you may not actually be covered
- Short-term and mid-term rental hosts rejected or overcharged by traditional insurers
- Investors scaling past 3–5 properties who want one dashboard
The bottom line
If your rental property isn't on a proper DP-3 landlord policy, you're one denied claim away from a very bad day. Steadily makes fixing that a 10-minute online task instead of a week of broker phone tag. Get the quote, compare it against your current coverage, and check what your current policy actually excludes — the answer surprises most landlords.
See also: Landlord Insurance Guide, Should You Put Your Rental Property in an LLC?, Rental Property Tax Deductions Checklist.
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