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Fix and Flip Insurance Florida
Last updated: June 4, 2025
"The first rule in investment is don't lose and the second rule in investment is don't forget the first rule." - Warren Buffett
Fix and flip insurance, also referred to as renovation insurance or builder’s risk insurance, is a tailored policy crafted for Florida real estate investors who purchase, renovate, and resell properties for profit. Unlike a standard homeowner’s policy, fix and flip insurance in Florida recognizes the unique risks—such as vacant homes, ongoing construction, and frequent title transfers—that come with flipping properties from Miami to Jacksonville, Tampa, Orlando, and everywhere in between.
Whether you’re flipping your first condo in Fort Lauderdale or managing a portfolio of bungalows across the Panhandle, having robust fix and flip insurance is essential to safeguard your investment capital, manage liability, and keep your resale timeline on track in Florida’s competitive real estate market.
The cost of fix and flip insurance has surged throughout the Sunshine State, with average premiums climbing more than 25% in just the past year and a half. This has a direct impact on your profit margins and the viability of your deals—especially in fast-moving Florida markets.
Our private lending and insurance rate-shopping experts at OfferMarket review hundreds of Florida fix and flip insurance policies every year. We’ve seen that investors in Florida are routinely quoted premiums nearly 33% higher than necessary for their projects. Why? Too many investors rely on agencies that lack commercial real estate expertise or the ability to shop across multiple carriers. These agencies, often tied to a single carrier, are incentivized to upsell—leaving Florida investors with overpriced, poorly matched policies.
That’s why OfferMarket created a rate shopping platform designed for Florida real estate professionals. In under a minute, you can compare 40+ carriers and lock in the best coverage for your fix and flip property in Florida. Every quote is quality-checked by a team that knows the ins and outs of 1-4 unit investment properties from Broward to Hillsborough. Every month, we save Florida investors thousands in unnecessary premiums—and we can’t wait to help you see what you could save, too.
Fix and Flip Insurance Markets
Wherever your next Florida rehab project takes you, we’ve got you covered.
| State |
|---|
| Fix and Flip Insurance Florida |
| Fix and Flip Insurance Miami |
| Fix and Flip Insurance Orlando |
| Fix and Flip Insurance Tampa |
| Fix and Flip Insurance Jacksonville |
| Fix and Flip Insurance Fort Lauderdale |
| Fix and Flip Insurance St. Petersburg |
| Fix and Flip Insurance throughout Florida |
Fix and flip insurance in Florida is available for all major cities, coastal towns, and emerging suburban markets. No matter where you’re investing in the state, our platform brings you the right coverage for your local project.
Why You Need Fix and Flip Insurance in Florida
1. Vacant Florida Properties Carry Extra Risk
Most Florida fix and flip projects begin with a vacant home—whether it’s a Miami bungalow awaiting rehab, or a condo in Tampa yet to be transformed. Standard insurance policies often void or exclude coverage for unoccupied properties due to higher risks in Florida, including vandalism, theft, undetected storm damage, or even water intrusion from the state’s unique climate.
2. Construction and Renovation Exposures
Every Florida renovation, from rewiring in Orlando to roofing in the Keys, introduces new hazards:
Structural surprises common in older Florida homes
Contractor injuries under the Florida sun
Fire risks and electrical challenges
Theft of valuable renovation materials
Fix and flip insurance for Florida is designed to cover all these exposures, keeping your project—and your finances—protected throughout every phase.
3. Liability Protection
If a contractor or even a trespasser is injured on your Florida job site, you could be held personally liable. The right policy includes general liability protection, shielding you from costly lawsuits or medical expenses—essential in Florida’s litigious environment.
What Does Fix and Flip Insurance Cover?
Fix and flip insurance policies in Florida are flexible and can be tailored to your unique project. Here are the most common types of coverage:
Property Coverage
Protects the structure and materials of your Florida property against:
Fire and lightning
Vandalism or break-ins
Theft of building materials and appliances
Wind and hail (especially important in Florida!)
Water damage from burst pipes (non-flood)
General Liability
Safeguards you from third-party claims for bodily injury or property damage, including:
Slip-and-fall accidents on the job site
Injuries to contractors or unauthorized visitors
Damage to neighboring Florida properties
Builder’s Risk
Often included with property coverage, builder’s risk protects the structure during renovation, as well as materials in transit or on-site and newly installed features.
Vacant Property Endorsement
Ensures your Florida fix and flip policy stays valid even while your property is empty during renovations—a must for local investors.
Tools and Equipment
Optional coverage that protects your tools or rented equipment from theft or damage while working on-site anywhere in Florida.
Ordinance or Law Coverage
Covers extra costs to bring a Florida property up to code after a covered loss, including demolition or mandatory rebuilding expenses.
Loss of Rents
Frequently included for Florida BRRRR investors and those renting out units post-rehab, this coverage protects against lost rental income if a covered loss prevents occupancy.
What is NOT Covered?
While Florida fix and flip insurance is broad, certain exclusions always apply:
Routine wear and tear or poor workmanship
Flood damage (requires separate flood insurance policy in Florida)
Earthquake damage (rare in Florida, but usually excluded)
Intentional damage or insurance fraud
War, civil unrest, or government seizure
Always read the exclusions in your Florida policy and consult your insurance advisor for clarity.
Who Needs Fix and Flip Insurance in Florida?
Fix and flip insurance is essential for a range of Florida real estate professionals:
Individual Real Estate Investors
Whether you’re flipping your first cottage in Gainesville or rehabbing a row house in Tampa, you need coverage that adapts to your project’s needs.
House Flippers
Active flippers across Florida—whether you’re working the fast-paced Miami market or revitalizing neighborhoods in Jacksonville—rely on robust insurance to manage risk.
Real Estate LLCs and Partnerships
Groups and joint ventures flipping multiple properties in places like Orlando or the Treasure Coast should always secure specialized fix and flip insurance.
Wholesalers Who Take Title
If you’re double-closing or briefly taking title in a Florida transaction, protect yourself during the transfer period.
Private Lenders
Lenders who finance Florida flips use these policies to protect collateral from loss or damage during renovation.
From $100,000 starter homes in Ocala to $2 million waterfront rehabs in Sarasota, Florida fix and flip insurance is a critical part of a successful investment strategy.
How Much Does Fix and Flip Insurance Cost in Florida?
Premiums for Florida fix and flip insurance depend on several factors unique to each project and location:
The property’s Florida location (coastal vs. inland, city vs. rural)
Property value and square footage
Scope of renovation or rehab budget
Project duration (short-term vs. multi-phase)
Coverage limits and policy deductibles
Here’s what you might expect for Florida fix and flip insurance premiums:
| Property Value | Rehab Budget | Estimated Annual Premium |
|---|---|---|
| $150,000 | $50,000 | $1,200 – $2,200 |
| $300,000 | $100,000 | $1,700 – $2,700 |
| $500,000 | $200,000 | $2,200 – $3,700 |
Notes for Florida Investors:
Insurance premiums are typically refunded on a pro-rated basis if you cancel your Florida policy early (most common when you sell or refinance).
Bundling multiple Florida properties under a single “portfolio policy” can reduce your per-property cost—especially if you’re flipping across several counties.
Best Fix and Flip Insurance in Florida
Florida’s real estate landscape is diverse, and so are your insurance options. Choosing the right fix and flip insurance in Florida means weighing your appetite for risk, the price you’re comfortable paying, the thoroughness of your rate shopping, and the quality of your service team. We recommend a comprehensive Florida fix and flip insurance policy that includes:
Property coverage for wind, water, and theft risks common in Florida
General liability insurance tailored to protect you against local lawsuits or injury claims
Business interruption coverage, especially for those planning to rent post-rehab
Flood insurance if your property is anywhere near a Florida flood zone
Working with a Florida-focused insurance agency—one that knows fix and flip projects and can access dozens of carriers—means you get the best coverage at the best price. Get your Florida fix and flip insurance quote now and see the difference for yourself.
How to Get Fix and Flip Insurance Through OfferMarket
OfferMarket streamlines the Florida fix and flip insurance process, connecting you with underwriters who know the local market and understand the fast-paced world of Florida real estate investing.
The OfferMarket Advantage for Florida Flippers:
Fast, reliable insurance quotes—often within 24 hours
Policies for a single home or large portfolios, anywhere in Florida
Flexible support for your title entity: individual, LLC, corporation, or trust
Compliance with Florida lender requirements and guidelines
Access to top-rated national and regional insurance carriers
Quick certificate of insurance (COI) generation for closing day
Secure record-keeping for all your Florida investment policies
Insurance Requirements for Fix and Flip Loans in Florida
Most Florida lenders will require you to secure specific coverage before closing:
Property insurance with a limit at least equal to your loan amount
General liability coverage, typically at $1 million or more per occurrence
Named insured and loss payee clauses
Proof of insurance submitted before your loan closes
Ongoing coverage through the entire project duration
Failure to meet these Florida fix and flip insurance requirements can lead to:
Loan default and project delays
Forced-placed insurance at higher rates
Personal responsibility for property losses
OfferMarket coordinates directly with your Florida lender, making the insurance approval and documentation process seamless. When you use OfferMarket Capital for both lending and insurance, your Florida fix and flip experience is especially efficient.
How to Structure Coverage for a Multi-Property Portfolio in Florida
If you’re flipping multiple properties across Florida—maybe a few in Tampa, a duplex in Miami, and a townhouse in Orlando—consider these options to streamline your insurance and keep costs down:
Blanket Policies
A single policy covers all your Florida properties under one umbrella, making it easier to manage renewals and claims.
Scheduled Policies
Each Florida property is listed with individual coverage limits and premiums—ideal if your assets vary widely in value or location.
Master Policies
Combine vacant property coverage, builder’s risk, and more, so you can pay one bill and rest easy knowing your Florida portfolio is protected.
At OfferMarket, we help high-volume Florida investors set up insurance structures that scale as your business grows—saving you time and money while minimizing administrative headaches.
Fix and Flip Insurance Checklist for Florida Investors
Before you break ground on your next Florida flip, use this checklist to make sure you’re fully protected:
| Checklist Item | Status |
|---|---|
| Property insurance at full replacement cost | ✅ |
| General liability ($1M+ recommended) | ✅ |
| Vacant property endorsement included | ✅ |
| Builder’s risk for renovation phase | ✅ |
| Tools and equipment coverage (if needed) | ✅ |
| Lender listed as loss payee | ✅ |
| Flood insurance (for coastal or low areas) | ✅ |
| Start/end dates match project timeline | ✅ |
| Certificate of insurance issued and stored | ✅ |
Fix and Flip Insurance Guidelines
Below are standard insurance guidelines for Florida fix and flip and hard money loans. These limits help keep both you and your lender protected in the state’s dynamic real estate market.
Property Insurance
| Field | Requirement |
|---|---|
| Mandatory | Yes |
| AM Best Rating | A- VIII or higher |
| Term | 1 year |
| Limits | Replacement cost (from appraisal) or loan amount |
| Deductible | $5,000 |
| Accepted Policy Types | Dwelling Fire (Special Form), Commercial Property |
| Cancellation | 30-day notice |
| Exclusions | No wind/hail/named storm exclusion |
| Lender Designation | Mortgagee |
General Liability Coverage
| Field | Requirement |
|---|---|
| Mandatory | Yes |
| AM Best Rating | A- VIII or higher |
| Term | 1 year |
| Limits | $1,000,000 per occurrence, $2,000,000 aggregate |
| Deductible | $1,000 |
| Coverage Details | Occurrence basis for losses |
| Cancellation | 30-day notice |
| Lender Designation | Additional Insured |
Business Interruption Insurance
This coverage is especially important for Florida investors keeping tenants in a property while renovations take place. Some fix and flip policies double as landlord insurance when the property is rented post-rehab.
| Field | Requirement |
|---|---|
| Mandatory | Yes |
| AM Best Rating | A- VIII or higher |
| Term | 1 year |
| Limits | One year of gross rental revenue |
| Coverage Details | Actual loss sustained |
| Cancellation | 30-day notice |
| Lender Designation | Mortgagee |
Flood Insurance in Florida
Flood risk is a reality for many Florida properties, especially along the coast or in low-lying areas. If your property is in a FEMA-designated flood zone, your lender may require separate flood insurance.
| Field | Requirement |
|---|---|
| Mandatory | If in flood zone |
| AM Best Rating | A- VIII or higher |
| Term | 1 year |
| Limits | Greater of $250,000 or loan balance |
| Cancellation | 30-day notice |
| Lender Designation | Mortgagee |
Additional Details for Florida Fix and Flip Investors
If your Florida flip is lender-financed, you’ll need to use the proper mortgagee clause and notify your carrier if your property becomes vacant.
| Mortgagee Clause | OfferMarket Capital LLC ISAOA/ATIMA 627 S Hanover St Baltimore, MD 21230 |
|---|---|
| Condos | - Blanket policy may be used if it allows the individual Unit to be included in coverage. - Homeowner association maintains an “all risk” coverage for common areas, fixtures, personal property, equipment at 100% of their insurable value on a replacement cost basis. |
| PUDs | - Project’s blanket policy may be used if it allows the individual Unit to be included in coverage. - Homeowner association maintains an “all risk” coverage for common areas, fixtures, personal property, equipment at 100% of their insurable value on a replacement cost basis. |
| Instructions | - Use ACORD form to ensure compliance - Send insurance certifications, invoices or paid receipts, no later than 24 hours before closing. - Send final policy documents, no later than 60 days after closing. - Borrower must notify carrier if property becomes vacant or unoccupied and obtain a vacancy permit from the insurance carrier for the entire period of vacancy. |
Why Choose OfferMarket for Florida Fix and Flip Insurance?
OfferMarket is a trusted resource for real estate investors and lenders across Florida. We make it easy to secure insurance, acquire properties, and manage your entire deal—eliminating the back-and-forth and delays that plague traditional processes.
What Sets Us Apart in Florida?
Real-time insurance and deal management on one platform
Dedicated support for Florida investors and lenders
Integrated insurance, lending, and off-market deal flow
No wasted time shopping carriers—we handle it for you
Smart matching with Florida-friendly insurers
Frequently Asked Questions
Do I need insurance before closing on a Florida flip?
Yes. Florida lenders and title companies will require proof of insurance before closing. OfferMarket can issue your certificate of insurance in just hours.
Can I get insurance if my Florida property is already under renovation?
Absolutely! Just disclose your current renovation status. Some carriers may require a quick inspection or limit coverage types if work is already underway.
What if I sell my Florida property before the policy expires?
You can cancel your policy pro-rata and get a refund for the unused portion of your premium.
Can I insure multiple Florida flips under a single policy?
Yes—OfferMarket’s portfolio policies help Florida investors save money and simplify paperwork.
What if I’m renting out a Florida unit before the flip?
Depending on your insurance carrier, your fix and flip policy may not cover active tenants. In that case, a hybrid landlord policy or separate landlord coverage is needed to stay compliant in Florida.
How does OfferMarket Insurance work for Florida investors?
OfferMarket is a specialized rate shopping platform for landlord and fix and flip insurance. We shop Florida’s most competitive carriers and ensure your policy fits both your lender’s requirements and your own investment strategy.
Can I use my preferred Florida insurance agent for my flip loan?
Yes, provided your agent understands fix and flip guidelines and can offer a competitive commercial policy. Many personal lines agents lack experience with Florida investment properties, so we recommend working with experts for the fastest and most affordable outcome.
Can I pay for insurance on the HUD-1/ALTA settlement in Florida?
Yes. Most Florida fix and flip loans require your insurance premium to be paid either at closing (on the settlement statement) or directly to your agent before closing. Proof of payment is required.
Do I need to escrow my Florida fix and flip insurance premium?
Most Florida lenders do not require escrow for insurance. You’re responsible for keeping your policy active. If your project lasts more than a year, you’ll need to show proof of renewal.
What is an AM Best Rating—and why does it matter in Florida?
AM Best is an insurance industry rating agency. Florida investors should always seek policies from carriers rated A- VIII or better for strength and claims-paying ability.
What is builder’s risk insurance in Florida?
Builder’s risk insurance protects your property and materials during construction and renovation in Florida. It covers perils like fire, windstorm, hail, theft, and vandalism. The policy typically ends when the property is sold, fully occupied, or 90 days post-construction.
Protect and Grow Your Portfolio with OfferMarket in Florida
Fix and flip insurance in Florida isn’t a luxury—it’s a necessity. With slim margins, fast timelines, and unpredictable weather, experienced Florida investors know the downside must be managed as carefully as the upside. OfferMarket’s insurance solutions scale with your business, from your first flip to a thriving Florida portfolio.
Protect your capital. Protect your reputation. Protect your future in Florida real estate.
OfferMarket is dedicated to helping Florida’s rental and flip investors build wealth through real estate. Our mission is to empower you—whether you’re investing in 1-4 unit homes in Orlando or expanding a portfolio across Miami, Tampa, and beyond.
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