Whether you’re looking to downsize, wanting a second home or are looking just for enjoyment, tiny houses have become increasingly popular. When it comes to insuring your tiny home, however, it can be difficult to find a policy that will cover your unique structure. Here’s what you need to know about getting insurance coverage for your tiny house.
Do I need insurance for my tiny house?
Tiny houses come with the same risks as a traditional home, but can also be more vulnerable to severe storms or natural disasters. Having coverage for your tiny house will not only give you peace of mind but can also protect your house and belongings when the unexpected happens.
What should my tiny house insurance cover?
The type and how much coverage you need depends on how often and what you use the house for. If you plan to live full-time in your tiny house, you’ll want a policy that covers your house accordingly.
Types of Insurance to Cover Your Tiny Home
Depending on property and zoning laws, as well as the size of your tiny home, you may or may not qualify for a traditional homeowners insurance policy. Houses on wheels are ineligible for a normal home insurance coverage as they do not adhere to the rules created for traditional structures.
If your tiny house is on wheels and you plan on moving around in it often, you should also consider looking at RV insurance. RV insurance covers many of the risks traditional auto insurance does, including collision, comprehensive and liability coverage. You can also purchase additional coverage to protect your personal belongings, equipment and attached accessories.
As one of the most affordable insurance coverages, renters insurance is an easy way to cover for personal property and personal liability. You’ll want to make sure your policy covers the replacement costs instead of the actual cash value of your belongings. While actual cash value policies are cheaper, you may end up paying much more than what your policy will reimburse you for to replace your belongings.
Manufactured/Mobile Home Insurance
If you plan on keeping your tiny house in the same place for a long time, manufactured/mobile home insurance could be a good option for you. Standard mobile home insurance includes coverage for physical damage, personal liability and personal property.
SelectQuote Can Help You Find Affordable Tiny Home Insurance
It’s important to insure all of your properties and modes of transportation needed for your tiny house. At SelectQuote, we’ll take the time to learn more about what you want to protect and provide insurance quotes from some of the most trusted carriers, helping you find the tiny home insurance coverage you need at a price that works for you.