Steadily Review

What is Steadily?

Steadily is a digital-first landlord insurance specialist built specifically for rental-property owners rather than a general homeowners carrier that happens to write the occasional rental. The company operates as Steadily Insurance Agency, Inc., a licensed insurance producer in all 50 states plus Washington, D.C. (NPN 19627533). Policies are either underwritten by Steadily's own carrier, Steadily Insurance Company (an Arizona-domiciled entity, NAIC #16963), or placed with partner carriers including Spinnaker Insurance Company (AM Best A- Excellent), Century-National Insurance Company, and Trisura Insurance Company. In practice, that means the entity actually on the hook to pay your claim can vary depending on your property and state, which is a detail worth confirming on your own quote.

The pitch that has earned Steadily recognition from outlets such as CNBC and Investopedia among 2026's better landlord insurance providers is speed and breadth: instant online quoting with no lengthy agent-led application, and a willingness to write the kinds of properties mainstream carriers often decline. Steadily reports more than $250 million in annualized gross written premium and closed a $30 million Series C in April 2025 at a roughly $355 million valuation, led by Two Sigma Ventures. For a category where many competitors are either century-old giants or thinly-capitalized startups, that puts Steadily in an unusual middle lane: young and technology-led, but backed by meaningful capital and premium volume.

Steadily's landlord insurance coverage

Steadily writes dwelling-fire (DP-3) style landlord coverage across the broadest range of property types in the group we scored. Its own materials confirm single-family rentals, multi-unit buildings, condos, accessory dwelling units (ADUs), vacant and restoration properties, and short-term rentals listed on Airbnb or VRBO. That short-term-rental acceptance matters, because a policy priced for a long-term lease can specifically exclude night-by-night rental use, and many carriers simply won't write it at all. Steadily treats it as a core use case rather than an afterthought.

On the coverage itself, Steadily builds liability protection into every policy, with limits it describes as ranging from $300,000 up to $2 million, and higher umbrella options available for investors with several properties. Loss of rent, sometimes called fair rental value coverage, is included as standard. That piece reimburses the rental income you lose while a covered loss makes the unit uninhabitable during repairs, and it is the single most-overlooked gap for owners who mistakenly keep a homeowners policy on a property they no longer occupy. Two coverage details Steadily does not clearly publish are its exact multi-unit cutoff (whether it treats, say, 2-to-4-unit buildings differently from 5-plus-unit apartment properties) and whether a given policy settles losses at replacement cost or actual cash value. Both materially affect what you would actually collect on a claim, so treat them as questions to resolve on your specific quote rather than assumptions. Because Steadily can place coverage through non-admitted surplus-lines carriers for harder-to-write properties, an initial online quote may also be adjusted after an underwriter reviews the risk.

If you financed the property with a DSCR loan, coverage adequacy is not really optional. Your lender is almost always named as mortgagee on the policy and will require proof of dwelling coverage at closing and for the life of the loan. Steadily's instant-quote model can be genuinely useful here, because it lets you produce a bindable quote quickly enough to keep a financing timeline on track, but confirm the dwelling limit and mortgagee-clause wording your loan officer requires before you bind.

Strengths

The clearest strength is fit. Steadily is licensed in all 50 states plus D.C. and documents the widest property-type acceptance of any insurer we scored in this vertical, which makes it a natural first stop for investors with mixed or unconventional portfolios: an older home, a coastal rental, an Airbnb, a mid-renovation property, or a small multifamily building that a standard homeowners carrier would decline. For an investor who wants one place to insure several different property types, that breadth is hard to match.

The second is the buying experience. Instant online quoting removes the multi-day, agent-gated turnaround that several national carriers still require for landlord products, and customer feedback consistently praises the speed and simplicity of getting covered. Financially, Steadily is better capitalized than a typical insurtech startup, with $250 million-plus in annualized premium and a recent, well-led funding round, which reduces (though does not eliminate) the going-concern risk that can dog younger insurance brands. Its partnership with Spinnaker, an AM Best A- rated carrier, on some placements also brings an independently-rated balance sheet behind those specific policies.

Watch-outs

The biggest gap is transparency on price and financial strength. Steadily publishes no rate sheet or fee schedule, and we could not independently confirm premium data specific to the company, so we can't verify whether its actual pricing is competitive either way. More importantly for a financial-strength check, we could not independently confirm whether any AM Best rating applies to Steadily's own carrier, Steadily Insurance Company, as distinct from partner carriers like Spinnaker. AM Best ratings measure an insurer's ability to pay claims, so if your policy is underwritten by Steadily's own entity rather than a rated partner, ask directly what financial-strength rating (if any) that entity carries before you rely on it for a high-value property.

Reputation signals are mixed and thinner than we would like. Steadily holds a B+ rating with the Better Business Bureau, is not BBB-accredited, and had two complaints on file at the time of our research. Third-party star ratings (reported inconsistently between roughly 4.3 and 4.6 across secondary sources) and any Google review aggregate could not be independently verified, and no NAIC complaint index was available, most likely because the underlying carrier volume is still relatively small. None of that is damning for a young specialist, but it does mean there is less of a long, independently-tracked claims-handling record than an established national carrier offers. Finally, some Steadily placements are non-admitted surplus-lines coverage, which is not backed by state guaranty funds the way admitted policies are, another point worth clarifying on your quote.

Who Steadily fits

Steadily is a strong match for the active rental investor who values speed and broad acceptance, especially anyone whose portfolio includes property types mainstream carriers shy away from: short-term rentals, vacant or mid-renovation dwellings, older homes, coastal properties, or small multifamily buildings. If you are closing on a DSCR-financed property and need a bindable quote quickly to satisfy a lender's insurance requirement, Steadily's instant-quote workflow is one of the more convenient in the category, provided you confirm the dwelling limit and mortgagee clause your lender specifies.

It is a weaker fit for the buyer whose single priority is a long, independently-verified financial-strength and claims-handling track record, or who wants transparent published pricing before engaging. If you are insuring a high-value property and want the reassurance of a clearly-stated AM Best rating on the exact entity underwriting your policy, ask Steadily to confirm which carrier will write your coverage and what that carrier's rating is, then compare it against an established carrier's quote. As always, get real quotes from two or three insurers for your specific property and state rather than relying on any single brand's marketing, and read the loss-of-rent period and cap before you compare headline premiums.