Tiny Homes and Homeowners Insurance: What You Need to Know

Tiny homes have become increasingly popular as a minimalist and cost-effective living solution. However, insuring these unique dwellings can be more complex than traditional homes.

Understanding Tiny Home Insurance

Tiny homes, typically defined as dwellings under 400 square feet, can be built on wheels or a permanent foundation. This distinction is crucial because it affects the type of insurance policy you’ll need. Typical homeowners insurance policies usually don’t include coverage for tiny homes. Instead, you may need a specialized policy, such as mobile or manufactured home insurance, depending on your tiny home’s classification.

Types of Coverage

Tiny homeowners should consider the following coverage:

• Dwelling coverage can help financially cover the physical structure of your tiny home. If your home is damaged by a covered peril, such as fire or wind, dwelling coverage can help pay for repairs or replacement.

• Personal property coverage can help financially protect your belongings inside the tiny home. If items are stolen or damaged, personal property coverage can help replace them.

• Liability coverage can assist with medical costs and legal expenses if a third party is injured on your property.

• Loss of use coverage can assist with extra living expenses, such as accommodations and meals, if your tiny home becomes unlivable due to a covered incident.

Challenges and Considerations

One of the main challenges with insuring tiny homes is their mobility. If your tiny home is on wheels and you move it frequently, you may need additional coverage, such as a transit endorsement, to protect it while in transit. Additionally, not all insurance companies offer tiny home insurance, so shopping around and comparing policies from different providers is essential.

Learn More

Insuring a tiny home requires careful consideration and understanding of the available coverage options. Knowing what to look for and working with an experienced insurance provider can help protect your tiny home adequately. For homeowners insurance near you, contact Contigo Insurance.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.