Do I need to switch my homeowners policy if I rent out my house?

Yes, you must notify your carrier and switch to a landlord dwelling policy.

How long does loss of rents pay after a Georgia fire or storm?

Loss of rents pays from the date of covered damage until repairs finish or the policy time or dollar limit is reached, whichever comes first.

What does loss of rents coverage do on a landlord policy?

Loss of rents coverage pays the rental income you would have collected while your property is being repaired after a covered loss.

What is the difference between a landlord policy and homeowners insurance?

A landlord dwelling policy covers your rental property's structure, your liability as the property owner, and loss of rental income.

What does a Georgia landlord insurance policy actually cover?

A landlord policy covers the dwelling structure, other structures on the property, loss of rents, and premises liability.

Landlord FAQs

What do we use Steadily Insurance for in Georgia?

All FAQs

Quick answer: Steadily Insurance is a non-admitted excess and surplus lines carrier specializing in landlord and short-term rental insurance.

Steadily Insurance is a specialty carrier built around residential rental properties. Unlike general homeowners carriers, Steadily focuses on properties that generate rental income, which changes both the coverage structure and how claims are handled when guests or tenants are involved.

Why do rental properties need different coverage than a standard home policy?

Standard homeowners policies are designed for owner-occupied homes. Once a property is regularly rented out, those forms often contain exclusions that apply during vacancy periods or when short-term guests rotate through. A claim filed under those conditions can be denied. Steadily's forms are written specifically for the rental context, so the coverage does not carry that gap. For example, a homeowner who listed a Savannah property on Airbnb without switching from a standard policy found that a guest incident fell into an occupancy exclusion and was not covered. Steadily's forms are designed to address that scenario directly.

What types of Georgia rental properties does Steadily cover?

Through Olive Cover, Steadily is available for two main property types in Georgia. Long-term rentals include single-family homes, duplexes, and small multi-unit properties rented on a monthly or annual lease. Short-term rentals cover properties listed on platforms such as Airbnb or Vrbo, where guests stay days or weeks at a time. Steadily offers coverage designed to respond to the higher guest-turnover risk that platform rentals create. For a look at coverage gaps that affect Georgia property owners broadly, see why flood is excluded from most home policies.

What does a Steadily landlord policy include?

Dwelling coverage protects the structure against fire, wind, hail, lightning, and other covered perils. Liability coverage applies if a guest or tenant is injured on the property and brings a claim, paying defense costs and damages up to the policy limit. Loss of use coverage replaces rental income lost while repairs are made after a covered event makes the property uninhabitable. For landlords who furnish the unit, contents coverage protects furniture and appliances the landlord owns at the property. For example, a landlord in Athens whose rental property suffered a kitchen fire received loss-of-use benefits during the three months it took to complete repairs, covering the income gap while the unit was unavailable.

How does Steadily price rental property coverage in Georgia?

Steadily rates policies based on property age, location, construction type, rental model, and claims history. Georgia properties in older construction or in areas with higher storm and wind exposure may see those factors reflected in the premium. Short-term rentals generally carry a higher base rate than long-term rentals because of the volume and frequency of guest turnover. To understand how admitted and non-admitted carriers differ in how they price specialty risks, see how admitted and non-admitted carriers compare.

How do you confirm your rental property has the right coverage?

A standard homeowners policy on a rented property may carry occupancy exclusions that leave a claim unpaid. A coverage review can compare what a Steadily policy covers in your specific situation against what the current policy actually responds to. Learn more about what a coverage review involves before scheduling.