{"id":185793,"date":"2025-11-24T12:40:03","date_gmt":"2025-11-24T19:40:03","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=185793"},"modified":"2025-11-24T12:40:05","modified_gmt":"2025-11-24T19:40:05","slug":"i-just-shopped-for-property-insurance-it-went-better-than-usual","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/i-just-shopped-for-property-insurance-it-went-better-than-usual","title":{"rendered":"I Just Shopped For Property Insurance\u2014It Went Way Better Than Usual"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em><span data-preserver-spaces=\"true\">This article is presented by <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.steadily.com\/landlord-coverages\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Steadily<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">I finally decided to <\/span><span data-preserver-spaces=\"true\">quote out<\/span><span data-preserver-spaces=\"true\"> my rental property insurance. Between rising premiums, adding new properties to my portfolio, and hearing other landlords talk about how much they saved with Steadily, I knew it was time.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Here\u2019s a look at the exact process, including why I decided to re-shop my policy, what the quoting process entailed, and what I learned comparing Steadily to my traditional insurer. Spoiler alert: Working with Steadily was faster, easier, and gave me better <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.steadily.com\/landlord-coverages\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">landlord insurance coverage<\/span><\/a><span data-preserver-spaces=\"true\"> than I expected.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Why I Decided to Re-Shop My Insurance<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Before switching my insurance policy, my setup was as traditional as it gets. Every time I needed to make a change or get a quote, I had to email or call my insurance agent and wait for a response. There was no online portal, easy way to view my policy details, or visibility into my coverage across multiple properties.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">As my portfolio grew, that lack of organization became a problem. Premiums were creeping up, some coverages didn\u2019t match my current needs, and I couldn\u2019t easily compare policies.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">That\u2019s what caught my attention about <\/span><strong><span data-preserver-spaces=\"true\">Steadily<\/span><\/strong><span data-preserver-spaces=\"true\">. <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/app.steadily.com\/login\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Their online portal<\/span><\/a><span data-preserver-spaces=\"true\"> lets landlords view all their policies in one place, update coverage, and access documents anytime. <\/span><span data-preserver-spaces=\"true\">It\u2019s designed<\/span><span data-preserver-spaces=\"true\"> for investors managing multiple properties, not just a single home.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">The Quoting Process, Step by Step<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">I started the insurance quote process as most people do: I requested quotes from my current broker and <\/span><span data-preserver-spaces=\"true\">filled out<\/span><span data-preserver-spaces=\"true\"> requests <\/span><span data-preserver-spaces=\"true\">across<\/span><span data-preserver-spaces=\"true\"> a few online portals.<\/span><span data-preserver-spaces=\"true\"> This process meant a long email chain with my agent, who would send forms, ask for information, and eventually get back to me when they could. As an investor with lots of things on my plate, waiting on my insurance agent and making sure I follow up if I haven\u2019t heard anything would likely be something that falls through the cracks.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">With <\/span><strong><span data-preserver-spaces=\"true\">Steadily<\/span><\/strong><span data-preserver-spaces=\"true\">, it was a completely different quoting experience. <\/span><span data-preserver-spaces=\"true\">I went to <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.steadily.com\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">their<\/span><span data-preserver-spaces=\"true\"> website<\/span><\/a><span data-preserver-spaces=\"true\">, entered the property address I was requesting coverage <\/span><span data-preserver-spaces=\"true\">for<\/span><span data-preserver-spaces=\"true\">, and the system immediately guided me through a short, clear form that asked exactly what was needed to create an accurate landlord quote.<\/span><span data-preserver-spaces=\"true\"> Here\u2019s what they asked:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span data-preserver-spaces=\"true\">Property details such as year built, type of construction, and square footage<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Rental type (long-term or short-term)<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Ownership (LLC or personal name)<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Coverage start date<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">A few personal details (date of birth and contact info)<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">A list of any past claims<\/span><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">I didn\u2019t have to dig through files or go back and forth via email. I just filled out the form online. <\/span><span data-preserver-spaces=\"true\">It took about <\/span><span data-preserver-spaces=\"true\">four<\/span><span data-preserver-spaces=\"true\"> minutes total, with <\/span><span data-preserver-spaces=\"true\">one<\/span><span data-preserver-spaces=\"true\"> minute <\/span><span data-preserver-spaces=\"true\">of that<\/span><span data-preserver-spaces=\"true\"> simply double-checking the year the property <\/span><span data-preserver-spaces=\"true\">was built<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Once I submitted the form, a message popped up saying my quote would arrive shortly. Keep in mind that I did this at 6 a.m.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Within <\/span><span data-preserver-spaces=\"true\">five<\/span><span data-preserver-spaces=\"true\"> minutes, I received a text from a Steadily agent letting me know they would call in 15 minutes to confirm my eligibility for <\/span><span data-preserver-spaces=\"true\">every discount<\/span><span data-preserver-spaces=\"true\"> available.<\/span> <span data-preserver-spaces=\"true\">When we spoke, they asked how long I had owned the property, <\/span><span data-preserver-spaces=\"true\">if<\/span><span data-preserver-spaces=\"true\"> it had a mortgage, whether it was one or two stories, <\/span><span data-preserver-spaces=\"true\">if<\/span><span data-preserver-spaces=\"true\"> it had a basement, the age and type of roof, and <\/span><span data-preserver-spaces=\"true\">if<\/span><span data-preserver-spaces=\"true\"> I lived within 100 miles of the property.<\/span><span data-preserver-spaces=\"true\"> That last question helps determine if <\/span><span data-preserver-spaces=\"true\">a property manager might be needed<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">In less than<\/span><span data-preserver-spaces=\"true\"> 15 minutes, I had a full quote in my inbox. With my old insurer, that same process could take a full day or more, depending on how quickly my agent <\/span><span data-preserver-spaces=\"true\">got back to me<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Breaking Down the Differences in Coverage<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Here\u2019s where Steadily really stood out, not just in price, but in what was actually covered.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Premium<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">My Steadily quote came in at $867 per year for $231,000 in replacement cost coverage with a $1,000 deductible. Included in that premium was:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Other structures: <\/span><\/strong><span data-preserver-spaces=\"true\">$23,000 coverage<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Fair rental value: <\/span><\/strong><span data-preserver-spaces=\"true\">$23,100<\/span><\/li>\n\n\n\n<li><a class=\"editor-rtfLink\" href=\"https:\/\/www.steadily.com\/landlord-coverages\/water\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Water damage protection<\/span><\/a><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Inspection fees<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Medical payments:<\/span><\/strong><span data-preserver-spaces=\"true\"> $500 per person, or $25,000 per occurrence<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Mold and remediation coverage<\/span><\/li>\n\n\n\n<li><a class=\"editor-rtfLink\" href=\"https:\/\/www.steadily.com\/landlord-coverages\/liability\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Liability coverage<\/span><\/a><span data-preserver-spaces=\"true\"> and property manager premises liability extension<\/span><\/li>\n\n\n\n<li><a class=\"editor-rtfLink\" href=\"https:\/\/www.steadily.com\/landlord-coverages\/riot-civil-commotion\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Riot and civil commotion coverage<\/span><\/a><\/li>\n\n\n\n<li><a class=\"editor-rtfLink\" href=\"https:\/\/www.steadily.com\/landlord-coverages\/vandalism-burglary\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Vandalism or burglary coverage<\/span><\/a><span data-preserver-spaces=\"true\">, malicious mischief deductible<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Fire department service charge<\/span><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> was extensive coverage that is essential for landlords of any portfolio size. For example:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a class=\"editor-rtfLink\" href=\"https:\/\/www.steadily.com\/landlord-coverages\/loss-of-rent\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Loss of rent coverage<\/span><\/a> <\/strong><span data-preserver-spaces=\"true\">ensures you are covered if the property becomes uninhabitable and <\/span><span data-preserver-spaces=\"true\">rent can\u2019t be collected<\/span><span data-preserver-spaces=\"true\">.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Mold and remediation<\/span><\/strong><span data-preserver-spaces=\"true\"> is a lifesaver for older homes or humid climates.<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Liability extensions<\/span><\/strong><span data-preserver-spaces=\"true\"> protect you when working with property managers or contractors.<\/span><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">My old policy didn\u2019t include some of these options\u2014and the premium was more!&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Outside the coverage and ease, I also appreciated that Steadily broke down exactly where my discounts came from, not just vague line items.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">What I Learned from the Process<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">After going through the quoting process, a few key lessons stood out:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span data-preserver-spaces=\"true\">Investors often overlook insurance as part of asset management. <\/span><span data-preserver-spaces=\"true\">Your coverage should grow <\/span><span data-preserver-spaces=\"true\">with<\/span><span data-preserver-spaces=\"true\"> your portfolio.<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Cheapest isn\u2019t always best, but transparency matters. Steadily made it clear what I was paying for and why.<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Insurance doesn\u2019t have to be hard. The process took less than 15 minutes, and everything was handled online or by text.<\/span><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">I realized how much time I had been wasting going back and forth with traditional agents when a better system already existed.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">My Takeaway and Next Steps<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">I plan to revisit my insurance quotes annually now that I know how quick and easy the process can be. Even if you\u2019re happy with your current provider, there\u2019s a good chance you\u2019re leaving money on the table or missing out on coverage that better protects your assets.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">For investors managing multiple rentals, Steadily\u2019s ability to <\/span><span data-preserver-spaces=\"true\">show<\/span><span data-preserver-spaces=\"true\"> all your policies in <\/span><span data-preserver-spaces=\"true\">one<\/span><span data-preserver-spaces=\"true\"> dashboard alone is worth exploring.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Final Thoughts<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">Re-shopping my insurance through <\/span><strong><a class=\"editor-rtfLink\" href=\"https:\/\/www.steadily.com\/landlord-coverages\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Steadily<\/span><\/a> <\/strong><span data-preserver-spaces=\"true\">completely changed how I view landlord coverage. What used to be a frustrating, drawn-out process is now simple, transparent, and actually designed for investors like me. The platform made it easy to compare coverage, understand my premiums, and connect with an agent quickly, even at 6 a.m. The result was a better policy, more protection, and a faster turnaround time.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span data-preserver-spaces=\"true\">If you haven\u2019t reviewed your policies recently, it\u2019s worth getting a quote with Steadily.&nbsp;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This article is presented by Steadily. I finally decided to quote out my rental property insurance. Between rising premiums, adding new properties to my portfolio, and hearing other landlords talk [&hellip;]<\/p>\n","protected":false},"author":273816,"featured_media":185435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7401],"tags":[],"class_list":["post-185793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/185793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/273816"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=185793"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/185793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/185435"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=185793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=185793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=185793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}