Insuring Your Tiny Home: What You Need to Know
As more people embrace the tiny home lifestyle, one of the most common questions we hear is: How do I insure my tiny home? Whether you’re looking to protect your investment in a Tiny Home on Wheels (THOW) or a Modular Tiny Home (MTH), it’s important to understand the options available to you.
Why Insure a Tiny Home?
Just like a traditional home or RV, insuring your tiny home provides financial protection against unexpected events such as fire, theft, vandalism, or weather-related damage. Whether you plan to live in your tiny home full-time, rent it out on Airbnb, or use it as a vacation space, the right insurance policy can give you peace of mind.
Insuring a Tiny Home on Wheels (THOW)
A THOW, due to its mobility, is often treated like an RV in the insurance world. This means that your policy will likely cover both the structure and the contents of your home while it’s in transit or parked.
Key coverage options to look for:
- Comprehensive coverage for damages due to accidents, fire, or weather.
- Liability coverage to protect you in case someone is injured in or around your home.
- Contents coverage for your personal belongings inside the tiny home.
Insuring a Modular Tiny Home (MTH)
Since Modular Tiny Homes are typically placed on a permanent foundation, they are more similar to traditional homes from an insurance standpoint. This often means you’ll be able to secure a more standard homeowners policy that covers the dwelling and contents.
Key coverage options for modular homes:
- Dwelling coverage to protect the physical structure.
- Liability protection in case of injury to others on your property.
- Contents coverage for your belongings.
Things to Consider When Insuring Your Tiny Home
- Type of Foundation: If your tiny home is on a foundation, it may qualify for standard home insurance. Homes on wheels are usually insured like RVs or mobile homes.
- Location: Where you place or park your tiny home can affect your insurance policy. Some areas may have higher risks for natural disasters, which could impact your rates.
- Usage: If you plan to rent your tiny home, make sure your policy covers short-term rentals. Some insurance companies offer policies specifically for homes used as Airbnb’s or vacation rentals.
- Customization: If you’ve done significant custom work, be sure to check if your policy covers the full replacement cost of your home and its unique features.
Where to Get Tiny Home Insurance
While insurance options for tiny homes are growing, not all insurers offer coverage. Here are a few companies that specialize in tiny home insurance, or may have policies that fit your needs:
- Foremost Insurance Group
- American Modern Insurance Group
- State Farm
- Progressive
- Farmers Insurance
- Tiny House Insurance
These companies have experience in offering policies tailored to tiny homes, but always be sure to compare rates and coverage options to find the best fit.
Looking for More Information?
We understand that insuring a tiny home can be confusing, especially if it’s your first time. That’s why we’ve created a helpful FAQ page with a list of insurers we’re aware of and more tips to help you navigate the process.
At Beechwood Tiny Homes, we’re committed to ensuring that you have all the information you need to protect your investment and live your dream tiny home lifestyle worry-free. If you have any questions, feel free to contact us—we’re here to help!
Check out our other article on insulating your tiny home.
Insulating Your Tiny Home in New England: What You Need to Know