Steadily
Carrier website links, underwriting access points, mapped product lines, and appetite notes in one place.
This appetite summary is only a guide. Confirm eligibility, submission requirements, restrictions, and binding authority directly with the carrier or underwriter before relying on it.
Carrier appetite summary
Verified current official underwriting guidance is the Steadily Standard MGA agent underwriting guide, last revision dated 10/15/2024. Core appetite is 1-4 family rental dwellings, including single-family, duplex, triplex, quadplex, eligible condo units in select states, and non-mobile tiny homes on permanent foundations. DP-3 requires average or better condition and 100% insurance-to-value; DP-1 accepts fair or better condition. Eligible occupancies include rental with owner (formal lease required for single-family/1-unit risks), rentals including short-term rentals, and seasonal properties with rental exposure. Barndominiums are eligible only on DP-1, single-family only, with an automatic cosmetic damage exclusion and wildfire defensible-space requirement. Steadily writes landlord business nationwide, but all locations on one policy must be in the same state and same policy form; max 20 locations per policy and 40 per insured unless underwriting approves. Max 5 condo units in one building and 10 in one complex per insured without approval. Exterior inspections may be ordered on any bound risk; risks over $750,000 dwelling value may require interior and exterior inspection, and inability to inspect can make the risk ineligible. Coverage notes: max dwelling limit $1,000,000 (varies by state), max combined parcel dwelling limit $1,500,000, max private structures 50% of Coverage A, max personal property 30% of Coverage A, max fair rental value/additional living costs 30%, max personal liability $500,000 only for rental-with-owner occupancy, max medical payments $25,000. Earthquake is generally unavailable except via Palomar where mandatory-offer rules apply; flood is not available. Preferred submissions are standard maintained landlord dwellings in average or better condition with no significant hazards, current systems, acceptable roof/protection class, and limited loss history. Loss history rules: reports are ordered on all new business; max 2 chargeable losses for a single dwelling, plus 1 additional chargeable loss per additional location up to 4, and for 5+ locations chargeable-loss-to-location ratio cannot exceed 100%. Only 1 fire, theft, or liability loss per 5 locations is permitted; liability/med pay losses over $10,000 cannot select liability limits over $100,000; unsettled/open losses require underwriting approval. Important older-home rules: homes older than 101 years require underwriter approval; California homes built 1940 or earlier are ineligible; Minnesota homes built 1960 or earlier are ineligible. Older homes cannot have knob-and-tube wiring, aluminum wiring, fuse boxes, galvanized plumbing, portable kerosene heaters, or non-thermostatically controlled primary heat; pre-1940 homes need electrical/plumbing updated within 30 years unless qualifying renovation work will update them. Common restricted or declined risks include vacant risks, apartments or dwellings intended for more than 4 families, dwellings under construction or significant renovation, unrepaired damage, abandoned/condemned/foreclosure risks, manufactured/mobile homes, historical homes, affiliated student housing, unusual construction (log, yurt, dome, houseboat, straw, below-ground, treehouse, EIFS/asbestos and similar), locations on islands/barrier islands, over-water structures, locations over 20 acres, unacceptable wildfire/coastal exposure, risks with underwriting cancellations/non-renewals, applicants with arson or insurance fraud history, coverage gaps greater than 5 days, and code-violation risks. Roof and property restrictions include prohibited roof types such as aluminum, tin, vegetative/earthen material, flat roofs without proper drainage, solar roofs, wood shake, and T-lock shingles; PPC 1-8 are acceptable and PPC 9-10 may need review. Liability restrictions are significant: risks with attractive nuisances, trampolines, or pools/spas/ponds/hot tubs without a fully enclosed 4-foot permanent locking fence are ineligible for liability; pools with poor-condition diving boards/slides are prohibited. Dogs/cats with bite history and certain breeds/mixes (including pit bull, German shepherd, Belgian Malinois, Rottweiler, Doberman, Chow, Akita, wolf/wolf hybrid) may require an Animal Liability Exclusion at Steadily’s discretion; exotic animals may also require exclusion. Properties used as fraternities/sororities, halfway homes, assisted living, nursing homes, or group homes are ineligible. Commercial, farm, or ranch activity is only acceptable if incidental and not increasing hazard; customer/employee/contractor traffic, manufacturing, welding, food processing, daycare, salon use, and dangerous equipment are unacceptable. Solar panels are automatically excluded except limited remove/reinstall coverage unless bought back by endorsement; risks with solar covering more than 50% of roof area are ineligible in AL, AR, IL, KS, MO, MS, MT, NE, and TX, and risks with more than 10 ground-mounted panels are ineligible. Short-term rentals are allowed, but if the named insured’s permanent residence is 120+ miles away, the property must be professionally managed; Steadily states Airbnb/Vrbo listing qualifies as professionally managed. Submission/producer notes: agents may quote effective dates up to 60 days ahead; all new business gets loss-history review; underwriting approval is needed for older homes, larger schedules, certain condo values, open losses, and other exceptions. If wind/hurricane/hail is excluded, the insured must sign the windstorm/hail exclusion affidavit or the policy will be canceled. After bind/issuance, Steadily requires insured e-signature on the policyholder underwriting attestation, application packet, and any state-mandated forms via the customer portal/email workflow.