Over the past few years, tiny homes have gone from a limited trend to a dedicated way of life for many. There has been a 67% increase in the number of tiny homes from 2017 to 2020. Many people love the simplicity of a small home with low upkeep and a minimalist approach to personal property. Today, there are more than 10,000 tiny homes in the United States. Varying greatly in size, type, quality and detail, tiny homes cost anywhere from $20,000 to $200,000.
Regardless of the size or tiny home cost, home insurance is a must. Even if your home is 200 square feet, it is providing necessary shelter and housing personal property of value. In the unfortunate event that there is damage or destruction to your tiny home, you will need home insurance coverage to repair or replace the home and its contents. Not having that coverage could result in financial hardship and simply is not worth the risk.
Insuring a non-standard home type, like a tiny home, isn’t as difficult as it … Read More