Disclosure: Rent with Clara is a Steadily affiliate partner. If you get a quote through the links in this article, we may earn a commission at no extra cost to you. We only recommend products we've vetted and believe are genuinely useful for independent landlords.
If you're managing a handful of rental units yourself, landlord insurance probably isn't the most exciting thing on your to-do list. But it's one of those things that matters a lot when something goes wrong, and costs you big if you skipped it or chose the wrong policy.
We've been looking at landlord insurance options that make sense for the independent landlords we work with every day at Rent with Clara, and Steadily kept coming up. They're focused specifically on landlord insurance (not homeowners, not auto, not everything under the sun), and they've built a process that's surprisingly fast for what's typically a slow, confusing experience.
Here's what we found after going through their platform, reading the fine print, and comparing them to what else is out there.
Steadily is an insurance company that focuses exclusively on landlord and rental property insurance. They describe themselves as the largest landlord insurance specialist in the U.S., and they're licensed in all 50 states plus Washington, D.C.
They're an Arizona-based insurance company (NAIC 16963) with both their own underwriting arm (Steadily Insurance Company) and an agency arm (Steadily Insurance Agency, Inc.) that works with other carriers. That dual setup means they can either write your policy directly or shop it across their carrier network to find a competitive rate.
They've been featured in Forbes, CBS News, NBC, and Benzinga, and they have strong customer reviews across multiple platforms.
Steadily offers the three standard dwelling policy tiers that landlords should know about:
DP-1 (Basic): The cheapest and most limited option. Covers a specific list of named perils: fire, lightning, windstorm, hail, explosion, smoke, and a few others. Pays out at actual cash value (ACV), which means depreciation is factored in. For most landlords, this isn't enough.
DP-2 (Moderate): Covers everything in DP-1 plus additional perils like water damage from burst pipes, weight of ice and snow, and electrical damage. The key upgrade here is that it pays replacement cost value (RCV) instead of ACV, so you get what it actually costs to fix things, not a depreciated number.
DP-3 (Comprehensive): This is the one most landlords go with, and it's what Steadily primarily writes. It's an "open peril" policy, meaning it covers everything unless it's specifically excluded. This is the broadest protection available for rental properties.
That last one matters if you're thinking about switching a unit to a short-term rental. Steadily can handle both long-term and short-term under one roof, so you don't need to go find a separate provider.
Landlord insurance in general costs about 25% more than a homeowners policy on the same property; that's an industry-wide number, not specific to Steadily. The national average sits around $1,478 per year for landlord insurance, compared to about $1,192 for homeowners.
From Steadily's own data, here's what you can expect by coverage tier:
Those ranges shift based on your state, property age, roof condition, claims history, and local risk factors (hurricanes, wildfires, hail zones). Coastal Florida or Louisiana properties will sit at the higher end. Inland, lower-risk states like Idaho trend toward the bottom.
Steadily also offers two ways to save:
One thing worth noting: Steadily has no hidden cancellation fees. If you need to switch or cancel, you're not locked in.
They also have a landlord insurance calculator on their site that gives you a per-policy estimate before you even commit to a full quote.
Speed. You can get a quote in minutes, literally. Most traditional insurance processes involve calling an agent, waiting for callbacks, and going through multiple rounds of questions. Steadily's online flow is fast enough that you could get a quote during a coffee break.
Landlord-specific focus. They're not a general insurance company that happens to offer landlord policies. Insurance for rental properties is their entire business. That specialization shows up in how their policies are structured and how their support team handles landlord-specific questions.
All 50 states. No matter where your property is, Steadily can write a policy. If you own rentals in multiple states, you're working with one company instead of juggling different regional providers.
Landlord resource hub. Beyond insurance, they've built a resource library with a cost calculator, state-by-state landlord law guides, downloadable forms, and even an AI assistant for quick insurance questions. For a small landlord who doesn't have a property management team, those tools are helpful.
Transparent pricing. No hidden fees, no surprise cancellation charges. The quote you get is what you pay.
No live chat on the site. If you have a quick question mid-quote, you'll need to call their support line at (888) 966-1611 or email support@steadily.com. It would be nice to have a live chat option for faster answers.
Flood insurance is separate. Like most landlord insurance providers, Steadily doesn't include flood coverage in its standard policies. If your property is in a flood zone, you'll need a separate flood insurance policy, typically through FEMA's National Flood Insurance Program or a private flood insurer.
Limited personal property coverage. Steadily's landlord policies cover the structure and liability, but personal property coverage for items you keep at the rental (appliances, tools, lawnmower) is minimal unless you pay extra. Your tenants' belongings aren't covered at all; they need their own renters insurance for that.
Based on what we've seen, Steadily is a strong fit for:
If you manage a large commercial portfolio (50+ units), you'll likely need a commercial policy rather than a dwelling policy, and Steadily may not be the right fit for that scale.
Getting a Steadily quote takes about two minutes:
You can start online and finish later if you need to; they save your progress.
As a Rent with Clara partner, you can get a Steadily quote through our link to see what your rate looks like. It doesn't cost you anything extra, and it helps support the content we create for independent landlords.
Yes. Steadily Insurance Company is an Arizona-domiciled insurance company with NAIC number 16963. Their agency arm, Steadily Insurance Agency, Inc., is licensed in all 50 states and Washington, D.C. (NPN 19627533). They've also been covered by Forbes, CBS News, and NBC.
Yes. Steadily covers both long-term and short-term rental properties, including Airbnb and VRBO listings.
Yes. You can get landlord insurance on a mortgaged property as long as you've met your mortgage lender's 12-month residency requirement before converting to a rental.
Landlord insurance covers damage to your property caused by covered perils (fire, storms, water damage, etc.). Intentional damage by tenants may fall under vandalism coverage if it's included in your policy. However, normal wear and tear from tenants is not covered by any landlord insurance policy.
Yes, the full premium you pay for landlord insurance on a rental property is deductible as a business expense. Check with your accountant for details specific to your situation, and take a look at our guide to key tax deductions for landlords for more ways to save.
"I personally use Steadily for my own investment properties. It's the same reason we partnered with them at Rent with Clara, the process is fast, the coverage is solid, and I don't have to think about it."
Taylor, Founder of Rent with Clara
If you're an independent landlord looking for dedicated rental property insurance that's fast, transparent, and doesn't require jumping through hoops, Steadily is worth checking out. They're focused on exactly the kind of landlord Rent with Clara works with every day, someone managing a few units who needs good coverage without the headache.
We partnered with them because their approach lines up with what we believe in: straightforward tools that respect your time and don't hide the important details.
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