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
Steadily’s currently published landlord appetite is centered on 1-4 family rental dwellings under its Standard MGA program, written on DP-1 and DP-3 forms. Preferred business includes rental properties in fair-to-better condition for DP-1 and average-or-better condition for DP-3, with permanent fixed-location construction, including single-family through 4-family dwellings, some condominium risks in select states, and non-mobile tiny homes. Rentals, seasonal properties with rental exposure, and short-term rentals are eligible; on the agent-facing appetite page Steadily also references owner/tenant occupied, but the underwriting guide is specifically landlord/rental focused. Dwellings built within the last 100 years are eligible for straight-through processing; older than 101 years require underwriting approval. Multiple schedules are allowed up to 40 locations per policy, all in the same state and on the same policy form, with 40 locations per insured unless approved otherwise. Ownership is flexible if the named insured has insurable interest: LLCs, corporations, partnerships, and trusts are mentioned on the agent page, while the formal underwriting guide allows LLCs/corporations/partnerships for premises liability when they are deeded owners and have no operations beyond owning/maintaining rentals; those entities are not acceptable for personal liability/personal injury liability. More than 2 individual owners requires underwriting pre-approval, and any property with more than 2 mortgage interests is ineligible. Submission and broker notes: agents can quote effective dates up to 60 days ahead; Steadily orders loss history on all new business before binding; agent support can assist with referrals to underwriting; and Steadily’s producer guidance says submissions move faster when agents verify title/ownership, square footage, year built, construction, and replacement cost data before submitting. A formal lease agreement is required for Rental-with-Owner on single-family/1-unit dwellings. If wind, hurricane, or hail is excluded, the insured must sign the wind/hail exclusion affidavit or the policy can be canceled. Restricted or declined business includes vacant risks (with the guide also noting risks vacant 60+ consecutive days may face coverage limitations by form), apartments or properties intended for more than 4 families, mobile homes or any structures intended to be mobile, dwellings under construction or significant renovation, unrepaired damage, unsound structures, excess debris, broken windows, older pre-1940 homes with electrical/plumbing not updated within 30 years unless under qualifying renovation, knob-and-tube or aluminum wiring, fuse boxes, galvanized plumbing, underground fuel/oil tanks, inaccessible or island/barrier-island locations, unacceptable wildfire/brush fire or coastal exposure, locations over water, over old landfills, more than 20 acres, public-use dwellings, timeshares, ordinance/code violations, habitability disputes, fraud/arson history, underwriting cancel/nonrenewal history, and coverage gaps greater than 5 days. Geography/state notes specifically published: California homes built in 1940 or earlier are ineligible; Minnesota homes built in 1960 or earlier are ineligible; barred-window restrictions do not apply in New Mexico; and solar panel roof-area restrictions apply in AL, AR, IL, KS, MO, MS, MT, NE, and TX if panels exceed 50% of roof area. Liability restrictions are important: attractive nuisances, unfenced pools/spas/ponds/hot tubs, poor-condition diving boards/slides, trampolines without proper condition/netting/fencing controls, dangerous exotic animals, and certain dog breeds or animals with bite history may require an Animal Liability Exclusion or be declined at Steadily’s discretion. Nonresidential use is generally ineligible except truly incidental farm/ranch/commercial activity with nominal income under $1,000 annually and no increased hazard; unacceptable commercial activity includes customer/employee/contractor foot traffic, manufacturing, welding, food processing, day care, salons, or dangerous equipment. Short-term rental notes: if the named insured’s permanent residence is 120+ miles away, the risk is only acceptable if professionally managed; Steadily states Airbnb/Vrbo-style listings are considered professionally managed. Loss history expectations are more defined than many MGAs: max 2 chargeable losses for a single dwelling, added tolerance for additional locations, max 1 fire/theft/liability loss per 5 locations, liability losses over $10,000 cap liability selection above $100,000, repeated vandalism losses can force DP-1 without vandalism coverage, and unsettled losses or larger non-weather/fire/theft/liability/water losses require underwriting approval.