Steadily

Steadily provides landlord (rental) insurance through a mobile app and online platform, covering single-family and small multi-family rentals, apartment and vacation units, as well as manufacturing premises given on rent. Its policies cover a wide range of risks including fire, water, natural disasters, lawsuits, vandalism, and injuries. The company operates in all 50 states in the US.

The company’s app pre-fills data points such as property size and year of construction, which eliminates the hassle and time of filling out lengthy manual forms, to offer quotes to customers in minutes. Moreover, customers can speak to specialized insurance agents via phone, email, or SMS to address specific coverage issues. Steadily also had plans to incorporate and offer embedded IoT devices in its policies. This would allow the company to proactively monitor risks and prevent damages, resulting in the reduction of the volume and severity of potential future claims.

Key customers and partnerships

The company partnered with Guesty, short-term rental property management platform, in September 2022, to offer landlord insurance on the latter’s platform.

Fundings and financials

In July 2023, Steadily raised USD 28.5 million in Series B funding led by Zigg Capital. It had planned to use the fresh funds to scale its operations and develop its technology to improve its mobile-first experience, such as by employing embedded IoT devices to proactively stop property damage to customers' properties.