Property Insurance Comparisons
Select up to 3 products at a time for comparison. Check the box in the upper right corner for each product you'd like to compare.
Steadily
Overview
Steadily specializes in fast, affordable insurance for rental property owners. Available online and in all 50 States, Steadily offers owners easy free quotes for all types of rental properties, including short-term and mid-term rentals. In addition to standard property and liability policies, they can also meet special insurance needs including fix n’ flip, builder’s risk, umbrella policies, flood, earthquake, and more.
Price
Steadily is very competitively priced, with short-term rental policies averaging $1377 nationwide.
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Recommended For the Following
Steadily is recommended for any owners needing coverage for their real estate investment properties. They know the needs of short-term, mid-term, and long-term rental owners.
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Features
Types of Insurance Available:
- Dwelling policy
- DP3
- DP2
- DP1
- Umbrella
- Builder’s risk
- Flood
- Earthquake
Types of Coverage Offered:
- Standard Coverages
- Dwelling
- General Liability
- Policy Customization Available With Specialty Coverages
- Bedbug Infestation
- Liquor Liability
- Squatters
- Loss of Business Income and Business Interruption
- Pet and Animal Liability
- Additional Perils:
- Earthquakes
- Volcano
- Forest Fire
- Wind/Hail
- etc.
- Liability coverage for amenities off premises
- Accidental Damage
Customer Support:
- Phone
- SMS
- Knowledge Hub
- Dwelling policy
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Pros
- Steadily was created to serve real estate investors and they know the needs of short-term rental owners.
- Getting multiple quotes at once is a wonderful time saver.
- Steadily customizes policies to suit owners' needs.
- The National Association of Insurance Commissioners has no complaints listed on their website against Steadily.
- Simplified administration with one monthly bill for all your policies.
- Buy online, via phone, email, and SMS
- 24/7 access to an online portal with all policy documents
- Insures unique property types, including mobile homes, vacant properties, manufactured homes, and more.
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Cons
- Steadily is not found on the Better Business Bureau's site.
- Claims are resolved through carrier partners.
Proper Insurance
Overview
Proper Insurance is one of the Nation’s leading vacation rental insurance providers, with over 100,000 policies written in all 50 states. They’ve custom penned one of the most comprehensive policies on the market and offer protection for your property, income, host liability, amenity liability (bikes, kayaks, hot tubs, etc.), theft, vandalism, bed bugs, and more. They even have coverage for issues with SQUATTERS!
Price
Contact Proper for a custom insurance quote.
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Recommended For the Following
Proper is recommended for any owners needing coverage for their real estate investment properties. They know and understand the needs of short-term rental owners.
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Features
Types of Insurance Available:
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Short-Term Rental Insurance – A Commercial Homeowners Policy.
Types of Coverage Offered:
- Commercial Business Liability – $1M/$2M
- Building and Contents Coverage
- Business Revenue Protection
- Specialty Coverages
- Bedbug Infestation
- Liquor Liability
- Squatters
- Pet and Animal Liability
- Liability coverage for amenities off premises.
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Intentional Acts of Vandalism and Theft.
Mobile App – No
Customer Support:
- Phone
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Pros
- Proper has an A+ rating with the Better Business Bureau.
- Proper was specifically created to serve the needs of short-term vacation rental property owners.
- Proper is a coverholder for Lloyd's of London; this means that insurance policies written and bound by Proper also carry the backing of Lloyd's of London. Be aware that claims are managed by Proper as opposed to Lloyd's of London.
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Cons
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Proper strives to provide ‘best in class’ coverage for your business, which can come at a cost. As a vacation rental owner, you are a business owner, therefore you need business insurance which can come at a higher cost than a regular homeowners policy. Be sure to read the details of the insurance quotes you receive from other companies and compare not only the coverages but also the exclusions.
- The language of Proper policies could be written in a more customer-friendly manner. Compared to policies from some other companies we’ve reviewed, Proper's policies can be especially wordy.
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