Steadily

What they are known for

Steadily writes rentals and effectively nothing else. It defines a rental property specialist in its own footnote as an agency or carrier writing more than 75% of its business on DP-1 and DP-3 landlord policies, which is the category it puts itself in. The product covers one to four unit dwellings, and short-term rental is a named path rather than an exception, with Airbnb and VRBO handled as ordinary business rather than as a problem to be endorsed around.

The structural feature most useful to an owner with several properties: Steadily writes multiple dwellings on a single policy. Its published sample declarations carry separate risk addresses with their own premium lines under one policy number, and split the forms list into policy-level forms that apply to everything and dwelling-specific forms that apply to one building.

What they actually issue, and who underwrites it

This is worth stating plainly, because it is more layered than most carrier pages admit. Steadily Insurance Agency, Inc. is a program administrator, NPN 19627533, and its published sample policy is headed "Program administered by Steadily Insurance Agency, Inc." with the issuing insurer named separately. Steadily also owns an insurance company, Steadily Insurance Company, an Arizona company, NAIC 16963. Its published sample policy names a third company, Obsidian Insurance Company, as the insurer.

So the company whose name is on the policy is not automatically the company whose name is on the website. Ask which entity is issuing yours, and read the declarations page rather than assuming.

On June 29, 2026 Steadily announced a distribution partnership with RLI, stating that coverage "may be offered on an admitted or non-admitted basis, depending on the state." Two things follow from that sentence. The first is that Steadily coverage is not always admitted, and its own sample declarations carry surplus lines tax and stamping fee line items. Surplus lines paper is not backed by a state guaranty fund, which matters if an insurer fails. The second is that RLI and Steadily are not unrelated companies, which is worth knowing if you are comparing them as though they were.

There is no published AM Best financial strength rating for the Steadily entities themselves. We are not going to invent one.

Coverage at a glance

• DP-1 and DP-3 dwelling fire forms, built on AAIS form DP 0003 05 19 rather than an ISO dwelling form. The wording differs from ISO, so a line-by-line comparison against an ISO DP-3 is not apples to apples.
• Premises liability is on every policy in all 50 states, which Steadily states runs from $300,000 to $2,000,000 per occurrence. It is premises liability, not general liability for a business.
• DP-3 settles on a replacement cost basis. DP-1 settles at actual cash value, which is replacement cost minus depreciation.
• Roof is settled separately, and Steadily states that payouts on either form "may default to actual cash value if your roof exceeds a certain age, which varies by state." The declarations page has a dedicated roof age field. Steadily does not publish the thresholds and neither will we.
• Coverage D combines additional living costs and fair rental value, paid for the time reasonably required to repair or replace, which the form says is not limited by the policy period. Civil authority is capped at two weeks.
• Occupancy types: rental, seasonal, and owner-occupied rental. Single-family owner-occupied short-term rentals require lease documentation or proof of listing; multi-family owner-occupied does not.
• Ownership: LLCs, corporations, trusts and partnerships are acceptable named insureds. Ownership by more than two individuals, spouses excluded, needs underwriting pre-approval.

What is not in the base policy

Dwelling fire forms are narrower than homeowners forms by design, and several things an owner may assume are included are endorsements or exclusions here.

• Ordinance or law is excluded in the base form. Steadily sells it back as an optional building codes coverage. On an older rental this is usually the most consequential endorsement on the policy. See ordinance and law coverage.
• Water backup and sump overflow is an endorsement with its own separate deductible.
• Flood is not covered. Steadily prints a standalone notice saying so.
• Earthquake is not covered on a standard policy, which matters in western Oregon and Washington.
• On DP-1, water damage, theft and vandalism are not standard and cost additional premium.
• Vacancy suspends coverage. Once a dwelling has been vacant more than 60 consecutive days, the form suspends theft, vandalism, glass and water. A dwelling under construction is not treated as vacant.
• Tenant personal property is never covered. Landlord personal property, meaning what you own inside the building, requires additional premium.
• No builders risk product. Steadily markets an under-construction option for rental units, not a builders risk policy.

When we may consider Steadily

We may compare Steadily when somebody owns one to four unit rentals, when a portfolio would benefit from sitting on a single policy rather than four separate ones, when a property is rented short-term and the incumbent carrier is uncomfortable with that, or when an owner-occupied duplex or ADU does not fit a homeowners form cleanly. It is a frequent comparison on Oregon rental portfolios.

It is not the answer above four units. A six-plex leaves the product entirely and belongs in a commercial habitational market.

Good to know before you choose

Steadily sells directly to consumers as well as through agents. You can buy it yourself online or by phone without us, and we would rather say that than pretend otherwise. What we add is the comparison against the other markets, reading the endorsements against what your building actually is, and being the one who has to explain the vacancy clause before it matters rather than after.

Two practical notes. Inspections exist in the program, and the declarations page carries an inspection fee line, so budget for the possibility. And after binding, Steadily requires you to e-sign an attestation and application packet; the policy is not finished until that is done.

One Oregon specific: Senate Bill 608 caps annual rent increases in Oregon, so fair rental value on a rent-restricted unit reflects the restricted rent rather than what the unit might otherwise command.

Explore related coverage

• Landlord insurance
• Allstate vs Steadily on four Eugene rentals
• What landlord insurance costs
• Insure rentals separately or together
• Fair rental value vs loss of rents
• DP-1 vs DP-3

Service and claims

Claims are filed directly with Steadily, not through us. The claims line is (888) 966-1611 and claims can be started at steadily.com/claims. Steadily asks that you report as soon as reasonably possible, mitigate further damage, keep damaged property and invoices, and obtain a police report where a crime is involved. For billing or service questions, or to reach us, use the Carrier Directory or the Service Center.

Visit the official Steadily website →