Have you heard of this new Tiny House Trend? How do these tiny homes interact with your insurance coverage?
Tiny House and Your Policy
The “Tiny House” is a new trend encouraging people to simplify their lives and reflect on how much space is really needed to live. Usually these homes are a maximum of 400 square feet. Some are built on trailers while others are fixed to a permanent foundation. Insurance companies are working on how best to provide coverage for these new houses.
We are finding that they are being broken down to two types of coverage.
- Dwelling Fire or Speciality Homeowners policy.
- If the structure is attached to a permanent foundation.
- Travel Trailer policy.
- If wheels are in tact.
In either case the house would need to be inspected and meet certain standards before it would be insured.
Contact your local agent to learn more.