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Tiny Homes and the Not-So-Tiny Insurance Costs
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:04:45
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Sinopsis
Tiny homes can be a great option for the minimalist lifestyle and affordability, but don’t let the cost of insurance take you by surprise. A new study shows a huge difference in the cost of tiny home insurance depending on where you live and the risks associated with that location. It’s still cheaper overall to insure a tiny home than it is a larger home, but insurance will take a bigger bite out of your housing budget if you live in a high-risk area. Hi I’m Kathy Fettke and this is Real Estate News for Investors. Tiny Home Insurance Cost Analysis ValuePenguin did a cost analysis that compared insurance for tiny homes and larger homes across the nation. (1) Tiny homes are generally around 400 square feet in size. ValuePenguin compared those to homes with 2,100 square feet. It found that on a national level, the average cost of insurance for a standard-sized home is 106% more expensive than it is for a tiny home. So tiny home owners are saving money on insurance, but will also be paying more than other tiny ho