Tiny House Insurance
If you’re in the market for a tiny home, you’ll need to first understand your insurance options as traditional insurance won’t cover your home. There are a few options to consider when buying tiny home insurance. How you use the home, the type of build, and how you finance the home all play factors in what type of insurance you’ll need to get.
There are two types of tiny home builds that affect what type of policy you’ll need - fixed-foundation or mobile tiny houses. In some cases, a mobile tiny house insurance policy may be mixed with other policies in order to provide coverage whether the home is stationary or driving. If possible, it's recommended that you educate yourself on insurance coverage before building or buying your tiny house.
Is Tiny House Insurance Required?
Just like the type of tiny home insurance you need varies based on certain characteristics of your home, so does the requirement of insurance. If you finance your home with a personal loan or own it outright and plan to keep the tiny house stationary, an insurance policy isn’t required. It’s important to note, however, that once the tiny house is on the road, it’s subject to the same state laws as RVs and other cars if involved in an accident or if requiring towing, so you’ll want to include at least liability insurance on your tiny house insurance policy.
Types of Tiny Home insurance
The construction of your home will largely determine what type of insurance policy you will need to purchase before you can live in your home. If your home is mobile, the necessary policies will vary from those needed for a fixed-foundation tiny home. Read on to determine what policy will best fit your home.
Mobile Tiny House Insurance
Some home insurance providers won’t offer a policy to cover your tiny home if it isn’t certified by the Recreational Vehicle Industry Association, or the National Organization of Alternative Housing. If your home is on wheels, it’s already a RVIA-certified tiny house, but you will need to get an RV policy if you plan to move around. This will ensure the home is covered both when it’s parked and not moving and will cover you specifically for:
- Uninsured or underinsured motorists
Another perk of an RVIA-certified tiny house is that checking in with an agent isn’t required under your policy. Standard RV insurance policies typically only cover RVs that are intended for limited use such as vacations. If you plan on living in your tiny house permanently, you will need to make sure you get a “full timer’s” RV policy.
Stationary Tiny House Insurance
Not planning on moving your tiny home more than a couple of times? A manufactured home policy should offer enough coverage for your home and is offered by many insurance companies. If you do plan on moving your home at any point in the future, it still might be best to consider getting a mobile home insurance policy as well.
In the event that you do move your home, you’ll need to get a transit endorsement to cover your home while on the road and notify your insurer that you will be moving locations. Check with your insurance company before moving as well to see if they offer temporary transit endorsements.
DIY Tiny House Insurance
Since you are building your home by yourself and not using a RVIA certified builder, you will need to get a different type of insurance policy that only certain specialized tiny home insurers offer. Insurers will usually want proof that your house was built to code, so it is advised to take pictures of things like wiring and plumbing as they are being completed.
The Cost of Tiny Home Insurance
The costs of insuring your little house will vary based on insurance company, but you can expect to pay rates similar to those of a traditional homeowners policy. Shop around before deciding which policy is best for you and your home.
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