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
Program focus & appetite (Rental Dwelling / Landlord – Standard MGA, DP-1 & DP-3) - Target risk: 1–4 family residential rental dwellings, including owner- and tenant-occupied rentals, short-term rentals (e.g., Airbnb/VRBO), and seasonal dwellings. Tiny homes are acceptable when located on a permanent, fixed site. Properties must be in average or better condition and demonstrate clear pride of ownership to qualify for Steadily DP‑1/DP‑3 forms. - Ownership: Named insured must have insurable interest. Individual owners, LLCs, corporations, trusts, and partnerships are acceptable. Multiple ownership by more than two individuals (excluding spouses) requires prior underwriting approval. - Age of dwelling: Dwellings built within the last 100 years are generally eligible for straight‑through processing; dwellings older than 101 years require an underwriter’s approval before binding. Construction, roofs & condition - Eligible construction: Brick veneer, frame, stucco, masonry, concrete; tiny homes are rated as frame; Hardie/Hardiboard rated as brick veneer. ([assets.steadily.com](https://assets.steadily.com/image/upload/v1729265337/Agent%20UI%20Resources/Steadily_Underwriting_Guidelines_sMGA_V1_1_lvuruk.pdf?utm_source=openai)) - Roofs: Must be in at least average condition with no evidence of tarps, unrepaired or improperly repaired damage, missing or curling shingles, rotten decking, visible defects, or multiple roof layers. Composition/architectural shingle and flat roofs generally must be ≤20 years old; longer‑life shingles cannot exceed roughly two‑thirds of their rated life. Flat roofs must have adequate drainage and no pooling. - General condition: Risks should reflect good maintenance; distressed, poorly maintained, or obviously hazardous properties fall outside appetite. Schedules, limits & capacity - Locations per policy/insured: All locations on a policy must be in the same state and on the same policy form. Steadily commonly allows multi‑location schedules; published guidelines show up to ~20–40 locations per policy and per insured, with higher counts requiring underwriting approval. ([assets.steadily.com](https://assets.steadily.com/image/upload/v1729265337/Agent%20UI%20Resources/Steadily_Underwriting_Guidelines_sMGA_V1_1_lvuruk.pdf?utm_source=openai)) - Dwelling limits: Typical maximum Coverage A (dwelling) limit is about $1,000,000 per location (varies by state). A combined parcel dwelling limit above roughly $1,500,000, or high‑value condos and high personal property limits, require underwriting approval. Maximum TIV is generally capped at about 2x the dwelling limit when adding private structures, contents, and loss of rents/extra expense. ([assets.steadily.com](https://assets.steadily.com/image/upload/v1729265336/Agent%20UI%20Resources/Steadily_Underwriting_Guidelines_sMGA_V2_Biz_Entity_w3b3a7.pdf?utm_source=openai)) - Liability: Premises liability typically up to $1,000,000; personal liability up to $500,000 is available only when there is an owner‑occupied rental exposure. Medical payments limits are modest (up to about $25,000). - Extended Replacement Cost (ERC): Optional up to a Coverage A limit of roughly $750,000; not available when the dwelling limit exceeds that threshold. Coverage form & valuation - Forms: Program is written on DP‑1 and DP‑3 landlord forms. DP‑3 risks must be insured to 100% of replacement cost (excluding land). If a DP‑3 location is flagged as under renovation, coverage may default to ACV during the renovation period and then convert to replacement cost when complete. ([assets.steadily.com](https://assets.steadily.com/image/upload/v1729265336/Agent%20UI%20Resources/Steadily_Underwriting_Guidelines_sMGA_V2_qmduhp.pdf?utm_source=openai)) - Flood & earthquake: Flood coverage is not offered in this program. Earthquake is generally not available; in states that mandate an EQ offer, coverage may be placed via partner carriers (e.g., Palomar) outside the core Steadily policy. ([assets.steadily.com](https://assets.steadily.com/image/upload/v1729265336/Agent%20UI%20Resources/Steadily_Underwriting_Guidelines_sMGA_V2_Biz_Entity_w3b3a7.pdf?utm_source=openai)) Preferred & acceptable risks - 1–4 family rentals (including portfolios) with good maintenance and average or better condition. - Long‑term rentals, seasonal use, and short‑term rentals / home‑sharing (Airbnb, VRBO, similar) when within state/program guidelines. - Tiny homes on permanent foundations with standard utility connections. - Properties owned by LLCs, corporations, trusts, or partnerships where the entity clearly holds title and insurable interest. Restricted / declined characteristics (operational view) - Dwellings in poor condition, with significant deferred maintenance, visible structural, electrical, or life‑safety hazards. - Roof issues: tarp usage, unrepaired or ongoing damage, multiple roof layers, clear installation defects, excessive age beyond program guidelines, or evidence of leaks. - Renovation risks: Limited renovation endorsements previously offered under the standard MGA guidelines were removed from this segment after June 6, 2024; new construction, tear‑down/rebuild, or major square‑footage additions are specifically prohibited in this landlord program. ([assets.steadily.com](https://assets.steadily.com/image/upload/v1729265336/Agent%20UI%20Resources/Steadily_Underwriting_Guidelines_sMGA_V2_qmduhp.pdf?utm_source=openai)) - Very large schedules or locations with dwelling limits and TIVs above stated thresholds without specific underwriting approval. - Some high‑hazard CAT zones or over‑concentrated territories may be restricted at the underwriter’s discretion based on aggregate management and third‑party hazard scores. Geographic and program notes - Steadily is licensed nationally and markets itself as a nationwide landlord solution, but active writing states and specific program availability can vary. Agents should confirm current eligible states and any local underwriting nuances in the agent portal prior to quoting. ([steadily.com](https://www.steadily.com/agents?utm_source=openai)) - Earthquake is only available where required by state law and then typically via a partner carrier, not on the base DP‑1/DP‑3 policy. Submission, inspections & agent workflow - Platform: Business is submitted and bound via the Steadily online portal. Agents can generally quote and bind straight‑through when risks meet automated criteria (construction, age, condition, occupancy, and limit thresholds). - Inspections: Exterior inspections may be ordered on any bound risk; higher‑value dwellings (e.g., Coverage A above a mid six‑figure threshold) may require both exterior and interior inspections by a third‑party vendor. Failure to grant reasonable inspection access can result in cancellation, subject to state law. Risks may also be inspected at renewal. - Documentation & signatures: After binding, Steadily automatically emails the insured all required policyholder forms for electronic signature, including an underwriting attestation and applicable state compliance forms. Completion of these signatures is mandatory for the policy to remain in good standing. ([steadily.com](https://www.steadily.com/agent-hub/faqs?utm_source=openai)) - Underwriter contact: Cases outside standard appetite (older than 101 years, unusual ownership, large schedules, high limits, special renovations, or unique occupancy situations) should be referred to underwriting via the portal or the underwriting support email published in the guidelines. Broker/producer notes - Appointment: Agents must be appointed with Steadily before binding. Appointments are requested through the public agent page and may also be available via certain wholesalers or networks. ([steadily.com](https://www.steadily.com/agent-request/fortified?utm_source=openai)) - General expectations: Agents are expected to ensure properties meet average‑or‑better condition standards, confirm insurable interest and ownership structure, and accurately represent occupancy (long‑term, short‑term, seasonal, or owner‑occupied rental). Multiple‑owner accounts, older dwellings, and large real‑estate portfolios should be proactively flagged for underwriter review. - Support: Agent Support is available by chat, phone, or email for quoting issues, portal problems, and to escalate items for underwriting review. Agents should use live chat for time‑sensitive quote questions.