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 Georgia, also known as renovation insurance or builder’s risk insurance, is a policy crafted for real estate investors throughout the Peach State who buy, remodel, and resell properties for a profit. Unlike a traditional homeowners policy, fix and flip insurance for Georgia properties is built to address challenges like vacant properties, construction activity, and frequent transfers of ownership—issues that are routine in Georgia’s fix and flip and BRRRR investing scene.
Whether you’re flipping a starter bungalow in Savannah or tackling a historic home in Atlanta, fix and flip insurance is your first line of defense for protecting your capital, limiting liability, and keeping your project timeline on track.
The cost of fix and flip insurance in Georgia has been climbing—rates are up over 25% in the past year and a half, eating directly into your profit margins. At OfferMarket, we review hundreds of insurance policies and private lending deals in Georgia every year. We’ve found that the average fix and flip insurance policy here is quoted nearly 33% higher than necessary, based on what lenders really require and investors actually need.
Many Georgia real estate investors get insurance from general agencies that lack expertise in commercial or investment property insurance. Worse, some agencies are incentivized to sell pricier policies since their commissions are a cut of your premium. Even well-meaning agents in Georgia often lack access to multiple carriers or the experience to match you with the right coverage, resulting in higher premiums than needed.
That’s why OfferMarket created an insurance rate shopping platform just for investors like you in Georgia. In under sixty seconds, you can compare coverage and rates from over 40 leading carriers, all reviewed by a team that knows Georgia fix and flip inside and out. Every month, we help Georgia investors save thousands—let’s see how much you can save.
Wherever you’re investing in Georgia, we’ve got you covered.
We specialize in fix and flip insurance for:
Most Georgia fix and flip projects begin with a vacant property. Standard insurance usually stops covering homes as soon as they’re unoccupied—leaving you exposed to the risk of break-ins, theft, vandalism, or even hidden water or fire damage. Georgia’s hot summers and sudden storms only add to these risks.
Flipping in Georgia often means new roofs, rewiring, or even foundation work. These renovations bring additional hazards such as:
Structural issues
Contractor injuries
Fire hazards (especially with older wiring)
Theft of materials
Fix and flip insurance Georgia is designed for these very situations—covering your project through all phases of renovation.
If someone gets hurt on your job site—be it a contractor in Marietta or a trespasser in Macon—you could be on the hook for medical bills and lawsuits. Comprehensive liability coverage is included to protect you from these potential legal and financial headaches.
Fix and flip insurance policies in Georgia are built for flexibility—so you can customize your coverage to match your project, whether it’s a Midtown Atlanta brownstone or a Columbus ranch. Here’s what’s typically included or available as add-ons:
Protects the physical structure and building materials from common perils in Georgia, such as:
Fire and lightning
Theft and vandalism
Wind and hail (crucial in Georgia’s storm season)
Water damage (excluding flood, which is separate)
Covers bodily injury or property damage claims from third parties, including:
Slip and fall accidents
Injuries to contractors or bystanders
Damage to neighboring properties
Often bundled with property coverage, builder’s risk insurance in Georgia protects not only the structure under renovation, but also materials on-site, in storage, or in transit to your property.
Georgia fix and flip insurance policies can include a vacancy endorsement to keep your coverage valid even when the property sits empty during rehab.
Optional coverage for theft or damage to your tools or rented machinery on-site. Handy for Georgia flippers who self-perform work or manage multiple sites.
Pays for additional expenses to bring your Georgia property up to code after a covered loss—including demolition or rebuilding costs to satisfy local building codes.
For BRRRR investors or those renting out after the rehab, “loss of rents” or business interruption coverage protects against lost rental income if your property becomes uninhabitable due to a covered claim.
Typical exclusions in Georgia fix and flip insurance:
Gradual wear and tear or shoddy workmanship
Flood damage (requires a separate flood policy, especially in Georgia flood zones)
Earthquake damage (separate policy required if needed)
Fraud or intentional damage
Acts of war or government action
Always review your policy’s exclusions and ask your Georgia insurance expert for clarification.
Fix and flip insurance Georgia is recommended for:
Individual investors flipping in Georgia’s major cities and rural markets
Local house flippers
Real estate LLCs, partnerships, and teams
Wholesalers who take title before reselling
Private lenders protecting their collateral
From $100,000 homes in Albany to $2M estates in Buckhead, fix and flip insurance is a risk management must-have.
Insurance premiums for Georgia fix and flip projects depend on location, property value, scope of renovation, and coverage needs. Here’s a guide to typical costs in the state:
Property Value | Rehab Budget | Estimated Annual Premium (GA) |
---|---|---|
$150,000 | $50,000 | $1,100 – $2,200 |
$300,000 | $100,000 | $1,600 – $2,700 |
$500,000 | $200,000 | $2,100 – $3,600 |
Notes:
Annual premiums are usually refundable on a pro-rated basis if you cancel before your term ends (such as after a sale or refinance).
Bundling several Georgia properties under one policy can bring down the per-property cost.
You have plenty of options for fix and flip insurance in Georgia, but your bottom line comes down to risk tolerance, rate competitiveness, and the quality of your service team. For peace of mind, choose a robust fix and flip policy including:
Property insurance
General liability
Business interruption (if renting out)
Flood insurance if in a high-risk Georgia flood zone
Work with an agency that knows Georgia’s unique risks and partners with top-rated carriers for best results. Ready to see your quote? Get started now.
OfferMarket makes it simple for Georgia real estate investors to secure the right fix and flip insurance—fast. Our platform connects you with insurance specialists who know Georgia’s real estate landscape and investor needs inside and out.
Lightning-fast quotes—get insured within 24 hours
Custom coverage for single homes or portfolios of 1-100+ Georgia properties
Flexible ownership—cover properties held in your name, LLC, corporation, trust, or partnership
Tailored policies to match Georgia lender requirements
Competitive pricing from dozens of top carriers with experience in Georgia
Easy proof of insurance (COI) generation for closings and lenders
Digital recordkeeping for all your insurance docs, securely stored in your OfferMarket Insurance File
Most Georgia lenders want to see:
Property coverage at least equal to your loan amount
General liability of $1,000,000+ per occurrence
Named insured and loss payee clauses in favor of your lender
Proof of insurance (COI) provided before closing
Ongoing coverage for the entire duration of your loan
If you let coverage lapse, you risk:
Loan default
Forced-placed insurance (often more expensive)
Personal liability for damages
OfferMarket works directly with Georgia lenders during and after underwriting, so your insurance and financing are always in sync. If you’re using OfferMarket Capital for your Georgia fix and flip or DSCR loan, you’ll enjoy an especially seamless experience.
If you’re flipping multiple properties in Georgia, consider these insurance structures:
Blanket Policy: One policy covering all your Georgia properties.
Scheduled Policy: Each property listed individually, with its own limits and premium.
Master Policy: Combines coverages (vacant property, builder’s risk, liability) into a single bill.
OfferMarket helps high-volume Georgia investors streamline costs and paperwork for larger portfolios.
Use this Georgia fix and flip insurance checklist before starting your next project:
✅ Property insurance covers full replacement cost
✅ General liability of at least $1 million
✅ Vacant property endorsement included
✅ Builder’s risk coverage for renovations
✅ Tools/equipment coverage (if needed)
✅ Lender named as loss payee
✅ Flood/earthquake coverage if required
✅ Policy dates match your project timeline
✅ Certificate of insurance issued and stored
Below are the most common insurance requirements and best practices for fix and flip loans in Georgia (often called hard money loans). These coverage minimums help you meet both lender expectations and sound risk management standards.
Property Insurance | |
---|---|
Mandatory | Yes |
AM Best Rating | A- VIII or higher |
Term | 1 Year |
Limits | - Replacement Cost (from appraisal or estimator) - Loan Amount (if less than replacement cost, policy must be agreed value or have zero coinsurance) |
Deductible | $5,000 |
Accepted Policy Types | - Dwelling Fire (“Special Form”) - Commercial Property (“Basic” or “Special Form”) |
Cancellation | 30-day notice |
Exclusions | - No windstorm/hail exclusion (essential in Georgia) - No named storm exclusion |
Lender’s Designation | Mortgagee |
General Liability Insurance | |
---|---|
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 (not claims-made) |
Cancellation | 30-day notice |
Lender’s Designation | Additional Insured |
Business Interruption Insurance | |
---|---|
Mandatory | Yes (if holding tenants) |
AM Best Rating | A- VIII or higher |
Term | 1 Year |
Limits | One year of effective gross rental revenue |
Coverage Details | Provision for Actual Loss Sustained basis acceptable |
Cancellation | 30-day notice |
Lender’s Designation | Mortgagee |
Flood Insurance | |
---|---|
Mandatory | If property is in FEMA special flood hazard area (FEMA flood zone determination required in many GA counties) |
AM Best Rating | A- VIII or higher |
Term | 1 Year |
Limits | Greater of $250,000 or the loan balance |
Cancellation | 30-day notice |
Lender’s Designation | Mortgagee |
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. |
OfferMarket has earned the trust of Georgia investors and lenders by making insurance simple, competitive, and truly investor-friendly. We streamline not only property acquisition and financing, but also your insurance shopping, so you can focus on your projects—not paperwork.
Real-time deal and insurance management: Stay organized for every property.
Expert support team: Advisors who understand Georgia real estate.
Integrated platform: Insurance, lending, and off-market deal flow in one place.
Carrier shopping handled for you: No wasted time comparing carriers or paperwork.
Investor-focused matching: We prioritize investor needs and lender guidelines.
Yes, both your lender and often your title company will require proof of insurance before closing. OfferMarket can issue a Georgia-specific certificate of insurance within hours.
Yes, but you must disclose all existing work. Some Georgia carriers may require a site visit or limit certain coverages if the project is already in progress.
You can cancel your policy pro-rata and receive a refund for any unused portion of your annual premium.
Absolutely. Portfolio policies are available for Georgia investors and are popular for simplifying renewals and cutting costs.
Many Georgia insurance carriers exclude active tenants from fix and flip coverage. If you’re renting out a property pre-sale, consider a landlord or hybrid policy.
OfferMarket Insurance is a rate-shopping platform for Georgia real estate investors, designed to match you with the most competitive coverage and meet both your needs and lender requirements. Our Georgia team ensures you’re always properly covered, at the lowest possible price.
You may, as long as your agent can deliver a commercial-grade fix and flip policy that meets Georgia lender guidelines and timelines. Many agents are less familiar with investment policies, which can lead to delays or missed coverage.
Fix and flip loans typically require your insurance to be paid in full at or before closing—either on the settlement statement or directly with your agent. Proof of payment is required.
Most Georgia fix and flip lenders do not require escrows. You’re responsible for maintaining coverage; if your project extends beyond 12 months, proof of renewal may be needed.
AM Best is a financial rating agency that scores insurance carriers for financial strength and reliability—look for A- VIII or higher for Georgia investment projects.
Builder’s risk insurance protects your Georgia property and on-site materials during renovation or construction. Coverage varies, but typically includes fire, theft, vandalism, wind, hail, and falling objects. The policy ends when you sell, complete construction, or occupy the property.
Fix and flip insurance in Georgia isn’t just a box to check—it’s essential protection for your capital, your reputation, and your future success. Georgia’s real estate market is dynamic and fast-moving, from Atlanta’s historic districts to growing suburbs and small towns. Margins can be tight, timelines are often aggressive, and unexpected challenges are simply part of the business. That’s why Georgia’s most successful investors know: safeguarding your downside is just as critical as chasing the next opportunity.
Whether you’re working on your very first flip in Augusta or you’re managing dozens of properties across Metro Atlanta, OfferMarket’s insurance solutions are designed to grow with you. Get the coverage you need, when you need it, and always at a competitive price—so you can focus on finding deals and maximizing your returns.
Protect your cash. Protect your reputation in Georgia’s active investment community. Protect the future you’re building.
OfferMarket is a real estate investing platform built for Georgia’s rental property and fix and flip investors—especially those focused on 1-4 unit residential properties. Our mission is to make real estate wealth-building as seamless as possible by combining industry expertise, modern technology, and investor-focused service.
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