The “Tiny Home” policy is a HO3 Special Form Homeowners Policy that is customized for tiny dwellings that are built on trailers. The coverages that are available within this policy include:
Coverage A = Main Tiny Home Dwelling, Coverage B = Separate Structures, Coverage C = Personal Property, Coverage D = Loss of Use, Coverage E = Personal Liability, and Coverage F = Medical Payments to Others. All coverages are available but, not required on this program. However based on the overall value many of the applications are coming in under the minimum premium so they are being included in the quotes.
What does the policy not cover?
Earth movement and theft of the dwelling are excluded. Theft of personal property is covered.
The policies are based on the fire protection class at each premises location so if they move the tiny home we will need to re-rate the policy based on the current protection class.
You bring up a great point about renting or borrowing space where they park their tiny homes. In this situation it’s very critical that the tiny home insured acquires the optional personal liability from us because if they are negligent for any reason (for example they cause a fire that damages other property on the land where their tiny home is parked) they would have liability protection.
We were able to get insurance on our ancillary units. Is this available to others as well?
The separate structures coverage is available on this program as long they aren’t used for commercial use. The premium is based on the values and building construction variables just as the main dwelling.
We were also able to get a liability policy. Anything people need to know about that?
See above, the price for the personal liability is $100/100k of coverage.
What US states does it cover?
Currently the Tiny Home Insurance Program through Lloyds of London is available in Oregon, Washington, California, Utah, Arizona, Idaho, Montana, Colorado and Nevada. As more policies are established we hope to take it national.
To bind coverage and keep the underwriting cost down:
– We need to know the fire protection class (call the local fire dept)
– Name of contractor or self-built
– Electrical inspection report
– The average annual premiums are coming in at $495.
– Premium can be paid-in full or financed (monthly payments)
– We recommend that we have your auto insurance within our agency so we can better understanding of possible gaps when towing/moving your tiny home.
– We offer discounts with other policies including non-owner auto policies for people that don’t own vehicles but, borrow other people’s vehicle or occasionally rent
– This Tiny Home Insurance Program will be expanding in the future to cover “Tiny Home Parks/Communities” and Tiny Home construction policies as currently the policy only covers the finish dwelling at the premises location.
– The more policies we get on the books the better it will be for expansion to other states.
To reach Darrell, contact him at
5651 N. Lombard St.
Portland, OR 97203
(503) 206-6736 Office