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Steadily (Landlord Insurance): Review

While paying for insurance can be costly, it’s one of those things you hope you never have to use but would be glad to have if you ever needed it. Insurance is there to protect you and it’s going to cost something. Landlord insurance is the solution that rental property owners need in order to be covered for liability and property damage for a tenant-occupied investment property. 

Steadily offers landlord insurance for a wide range of property types across all 50 states and caters specifically to real estate investors! What’s even better is that their policies can include short-term rental coverage, which is something most big named insurance companies DON’T offer.

Wide Coverage Options

Steadily provides landlord insurance that covers covers all types of rental properties, including: single family homes, apartments or condos, apartment buildings, vacation and short-term rentals, fix n’ flip properties, and more. 

Coverages can cover a wide range of risks like fire, water, hail, lawsuits, riot, theft, injury, and more. Like any other insurance policy, customers are able to choose the additional coverage options they want and can adjust the coverage and deductible amounts for a possibly lower premium.

What makes Steadily really stand out is that it offers insurance policies that cover short-term rentals. Since I’m primarily a short-term rental investor, this is huge. 

If something were to happen when the property was being rented out short-term, an insurer could easily deny the claim since most landlord insurance policies only cover properties for long-term use (one-year leases). With just a click of a button, I was able to add the coverage to get a quote!

Fast Quotes

One of the best benefits that Steadily offers is a fast and seamless quote process. Everything can be done online in a few minutes! 

As a real estate investor with properties across the country, I’ve had various experiences with getting landlord insurance. Some insurers offer an online quoting system while others do it on the phone. Steadily was by far the easiest to get quotes from! With general information about the intended use of the property and property specifications, I was able to get a quote fast! 

Some quotes were immediately available for me to purchase while others were sent to me via email by an insurance agent, which is required in the state of Florida. The agent provided me several quote options for me to review and I exchanged emails to get new quotes based on adjustments I made in the coverages. 

The attentiveness of the agent and the quick response made the process really easy. Policies can be bought online, via phone, email, or SMS with coverage as quickly as the next business day.

Competitive Prices

I conducted a small experiment to compare prices. I used a quote from Steadily to compare the price when I asked for a quote directly from the insurer and the insurer gave me a higher quote than Steadily! With the same coverage amounts, the insurer gave me a quote that was $500 MORE than the one Steadily provided me.

Steadily was able to reduce my insurance premium for my Florida rental from $4,100 to $1,600! 

Final Words

Overall, Steadily has been a game-changer for real estate investors. While I had a great experience using them TWICE, so have many others. 

Steadily is rated 4.8 stars out of 5 on TrustPilot which is an amazing rating!

Specialized landlord insurance providers like Steadily make the process fast, easy, and convenient. Get a quote online in minutes at Steadily!