Table of contents
Table of contents
Loans

*Quote takes 1 minute, no credit pull

Insurance

*1 quote from 40+ carriers

Listings

*New listings daily

Table of contents
Table of contents

Fix and Flip Insurance Indiana

Last updated: June 6, 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—sometimes called Indiana renovation insurance or builder’s risk insurance—is a custom policy created to safeguard property investors in the Hoosier State who purchase, renovate, and resell real estate for profit. Unlike standard home insurance, these policies are tailored for vacant Indiana homes, construction hazards, and frequent ownership transfers—situations that are almost guaranteed in Indiana fix and flip and BRRRR projects.

Whether you’re a first-time investor rehabbing a South Bend duplex or a seasoned pro flipping historic houses in Indianapolis, fix and flip insurance in Indiana is your financial safety net. It helps protect your cash, minimize liability, and keep your timeline intact.

Fix and flip insurance premiums in Indiana have jumped over 25% in just the past year and a half, squeezing investor margins and making deals harder to pencil out. At OfferMarket, we compare hundreds of Indiana fix and flip insurance policies every year, and we consistently find that most Indiana investors are quoted rates about 33% higher than necessary, based on lender guidelines and local investor needs.

Why is this happening? Many Indiana real estate investors buy insurance from agents who aren’t experts in commercial real estate. Worse still, most agents are paid a percentage of your premium—so you could be upsold on coverage you don’t need. Some insurance agents offer sky-high Indiana fix and flip insurance quotes simply because they’re limited to one carrier or aren’t specialized in these policies.

That’s why OfferMarket built a smarter way for Indiana property investors to shop for fix and flip insurance. In about 60 seconds, you can compare 40+ insurance carriers for Indiana properties. Our team of fix and flip specialists reviews every quote, and we save our Indiana clients thousands each month. Let’s see how much you can save on your next Indiana flip.


Fix and Flip Insurance Bundle


Fix and Flip Insurance Markets


Shop 40+ carriers landlord insurance.jpg


No matter where your investment project is in Indiana, we have you covered: Other states we cover include:

  • Fix and Flip Insurance Alabama
  • Fix and Flip Insurance Alaska
  • Fix and Flip Insurance Arizona
  • Fix and Flip Insurance Arkansas
  • Fix and Flip Insurance California
  • Fix and Flip Insurance Colorado
  • Fix and Flip Insurance Connecticut
  • Fix and Flip Insurance Delaware
  • Fix and Flip Insurance Florida
  • Fix and Flip Insurance Georgia
  • Fix and Flip Insurance Hawaii
  • Fix and Flip Insurance Idaho
  • Fix and Flip Insurance Illinois
  • Fix and Flip Insurance Indiana
  • Fix and Flip Insurance Iowa
  • Fix and Flip Insurance Kansas
  • Fix and Flip Insurance Kentucky
  • Fix and Flip Insurance Louisiana
  • Fix and Flip Insurance Maine
  • Fix and Flip Insurance Maryland
  • Fix and Flip Insurance Massachusetts
  • Fix and Flip Insurance Michigan
  • Fix and Flip Insurance Minnesota
  • Fix and Flip Insurance Mississippi
  • Fix and Flip Insurance Missouri
  • Fix and Flip Insurance Montana
  • Fix and Flip Insurance Nebraska
  • Fix and Flip Insurance Nevada
  • Fix and Flip Insurance New Hampshire
  • Fix and Flip Insurance New Jersey
  • Fix and Flip Insurance New Mexico
  • Fix and Flip Insurance New York
  • Fix and Flip Insurance North Carolina
  • Fix and Flip Insurance North Dakota
  • Fix and Flip Insurance Ohio
  • Fix and Flip Insurance Oklahoma
  • Fix and Flip Insurance Oregon
  • Fix and Flip Insurance Pennsylvania
  • Fix and Flip Insurance Rhode Island
  • Fix and Flip Insurance South Carolina
  • Fix and Flip Insurance South Dakota
  • Fix and Flip Insurance Tennessee
  • Fix and Flip Insurance Texas
  • Fix and Flip Insurance Utah
  • Fix and Flip Insurance Vermont
  • Fix and Flip Insurance Virginia
  • Fix and Flip Insurance Washington State
  • Fix and Flip Insurance Washington State
  • Fix and Flip Insurance West Virginia
  • Fix and Flip Insurance Wisconsin
  • Fix and Flip Insurance Wyoming

Why You Need Fix and Flip Insurance in Indiana

1. Vacant Properties Bring Extra Risk

Indiana fix and flip projects nearly always start with a vacant property. Standard home insurance often excludes or cancels coverage on empty Indiana homes due to high risks like vandalism, theft, and damage that goes undetected (like burst pipes in the winter or electrical fires).

2. Construction and Renovation Exposures

Whether you’re gutting a Gary bungalow or putting a new roof on a Fishers rental, rehab work brings new hazards:

  • Structural damage
  • Injuries to contractors
  • Fire risk
  • Material theft

Indiana fix and flip insurance is designed to cover all phases of your local renovation, keeping your project on track.

3. Liability Protection for Indiana Investors

If someone is hurt on your Indiana job site—whether a contractor or trespasser—you could be on the hook. A quality fix and flip insurance policy for Indiana includes general liability, protecting you from lawsuits and medical costs.

What Does Indiana Fix and Flip Insurance Cover?

Indiana fix and flip insurance policies can be customized for your specific property and project. Common coverage types include:

Property Coverage

Protects the home and building materials from:

  • Fire

  • Vandalism

  • Theft

  • Lightning

  • Wind and hail

  • Water damage (except flood)

General Liability

Covers claims for bodily injury or property damage filed by others:

  • Slip and fall accidents

  • Injuries to contractors or trespassers

  • Damage to neighboring Indiana properties

Builder’s Risk

Usually combined with property coverage, builder’s risk insures the Indiana property under renovation, any materials in transit or storage, and new features being installed.

Vacant Property Endorsement

Keeps your policy valid, even if the Indiana property sits empty during rehab.

Tools and Equipment

Optional coverage for stolen or damaged tools or rented machinery at your Indiana job site.

Ordinance or Law Coverage

Pays for added costs if you need to bring your Indiana property up to code after a covered loss—including demolition or rebuilding to meet local laws.

Loss of Rents

Sometimes bundled in, this protects your rental income if your Indiana property is rented after the flip or while you’re renovating. Especially useful for BRRRR deals and multifamily properties in Indiana.

What is NOT covered by Indiana Fix and Flip Insurance?

  • Normal wear and tear or shoddy workmanship

  • Flooding (separate flood policy required)

  • Earthquakes (may need a special rider)

  • Intentional damage or fraud

  • Acts of war or government seizure

Always read your Indiana policy exclusions and talk with your agent.

Who Needs Fix and Flip Insurance in Indiana?

Fix and flip insurance is vital for:

  • Individual Indiana real estate investors

  • House flippers

  • Indiana-based real estate LLCs and partnerships

  • Wholesalers taking title before reselling

  • Private lenders with Indiana collateral

From a $90,000 South Bend single-family to a $1.5 million Carmel estate, Indiana fix and flip insurance is a smart move for managing risk.

How Much Does Fix and Flip Insurance Cost in Indiana?

Premiums for Indiana fix and flip insurance vary based on:

  • Location in Indiana

  • Property value

  • Rehab budget

  • Project timeline

  • Coverage limits

  • Deductible choices

Example Indiana Rates

Property Value Rehab Budget Estimated Annual Premium
$150,000 $50,000 $1,000 – $2,000
$300,000 $100,000 $1,500 – $2,500
$500,000 $200,000 $2,000 – $3,500

Note:

  • Most annual premiums are refundable on a pro-rated basis if you cancel before the term ends (such as after a quick sale or refinance).

  • Bundling multiple Indiana flips under one policy can reduce your per-property cost.

Best Fix and Flip Insurance Indiana


Got fix and flip insurance.jpg


There are plenty of options for Indiana fix and flip insurance, but the best policy is the one that balances risk, cost, and convenience for your unique project. You want comprehensive Indiana fix and flip coverage—including property insurance, general liability, business interruption, and, when necessary, flood insurance.

Choosing an insurance partner that understands Indiana’s real estate market and can access a wide range of top carriers ensures you get the best deal. With OfferMarket, you can compare Indiana fix and flip insurance quotes from dozens of providers and work with specialists who know the ins and outs of investing in the Hoosier State. Get your custom Indiana fix and flip insurance quote today.

How to Get Fix and Flip Insurance in Indiana Through OfferMarket

OfferMarket makes it simple for Indiana investors to secure fix and flip insurance. Our connections with underwriters who truly understand Indiana real estate mean you get fast, reliable, and tailored coverage.

The OfferMarket Indiana Advantage

  • Fast Indiana fix and flip quotes, typically within 24 hours

  • Policies for single Indiana properties or portfolios of 100+

  • Support for all title-holding structures: individual, LLC, S-Corp, land trust, and more

  • Adherence to lender guidelines commonly used in Indiana

  • Competitive pricing through leading carriers

  • Quick certificate of insurance (COI) generation

  • Secure record-keeping for all your Indiana insurance files

Insurance Requirements for Indiana Fix and Flip Loans

Most Indiana lenders will expect you to have:

  • Property coverage at least equal to the loan amount

  • General liability insurance (usually $1M+ per occurrence)

  • Lender-specific clauses (named insured, loss payee)

  • Proof of insurance before closing

  • Coverage maintained through the loan term

If you don’t keep proper Indiana insurance in force, you could risk:

  • Loan default

  • Forced-placed insurance (much more expensive)

  • Personal financial liability

OfferMarket makes this seamless by working with your Indiana lender from underwriting through closing. If you finance your Indiana fix and flip with OfferMarket Capital, both the lending and insurance process is even smoother.

How to Structure Indiana Fix and Flip Coverage for a Portfolio

If you’re flipping several Indiana properties at once, consider:

  • Blanket policies: One policy covers all your Indiana flips

  • Scheduled policies: Each Indiana property listed separately with its own coverage

  • Master policies: Bundle various coverages (vacant property, builder’s risk) into a single bill

OfferMarket helps Indiana investors with multiple projects cut costs and streamline insurance management.

Fix and Flip Insurance Indiana Checklist

Use this checklist for your Indiana fix and flip projects:

✅Property insurance at full replacement value
✅At least $1M general liability
✅Vacant property endorsement
✅Builder’s risk for the rehab phase
✅Tools/equipment coverage if needed
✅Policy names your lender as loss payee
✅Flood or earthquake coverage if needed (Indiana has flood zones!)
✅Policy start/end dates fit your project timeline
✅Certificate of insurance issued and saved

Fix and Flip Insurance Guidelines for Indiana

Below you’ll find standard Indiana fix and flip insurance guidelines for hard money (fix and flip) loans. These are considered industry best practice for risk management in Indiana.

Property Coverage

Property Insurance Mandatory
AM Best Rating A- VIII or higher
Term 1 Year
Limits Replacement Cost (per appraisal or cost estimator); or Loan Amount with Agreed Value Policy
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; No named storm exclusion
Lender’s Designation Mortgagee

General Liability Coverage

General Liability Mandatory
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
Cancellation 30-day notice
Lender’s Designation Additional Insured

Business Interruption Insurance

Business Interruption Mandatory
AM Best Rating A- VIII or higher
Term 1 Year
Limits 1 year gross rental revenue
Coverage Details Actual Loss Sustained
Cancellation 30-day notice
Lender’s Designation Mortgagee

Flood Insurance (if required by Indiana lender)

Flood Insurance Mandatory
AM Best Rating A- VIII or higher
Term 1 Year
Limits Greater of $250,000 or loan balance
Cancellation 30-day notice
Lender’s Designation Mortgagee

Additional Details for Indiana Fix and Flip Insurance

Item Indiana-Specific Details
Lender’s Mortgagee Clause OfferMarket Capital LLC ISAOA/ATIMA
627 S Hanover St
Baltimore, MD 21230
Condominiums (Condos) Blanket policy may be used if it allows the Indiana unit to be individually insured.
Association must maintain “all risk” coverage for common areas, fixtures, and equipment at 100% of replacement value.
Planned Unit Developments (PUDs) Project’s blanket policy may be used if it includes your Indiana unit.
Homeowner association should carry “all risk” coverage for all common areas and property at full replacement cost.
ACORD Forms Use Indiana-compliant ACORD forms to prove coverage and meet state and lender documentation standards.
Policy Certification Send insurance certificates, invoices, or paid receipts at least 24 hours before your Indiana closing.
Final Policy Documents Submit all final policy documents no later than 60 days after your Indiana closing.
Vacancy Notification If your Indiana property becomes vacant or unoccupied, immediately notify your carrier and obtain a vacancy permit covering the full vacancy period.
Flood Zone Properties If your Indiana property is in a FEMA flood zone, you must secure compliant flood insurance; OfferMarket will provide a flood zone determination.
Replacement Cost Requirement Indiana lenders require coverage at full replacement cost; use your appraisal or a replacement cost estimator for compliance.

Why Choose OfferMarket for Indiana Fix and Flip Insurance?

OfferMarket is the trusted choice for Indiana property investors and lenders. Our platform is designed to make property acquisition, financing, and insurance as frictionless as possible—so you can focus on your Indiana deals.

What Makes OfferMarket Stand Out in Indiana?

  • Real-time Indiana deal and insurance management

  • Expert investor support team

  • Integrated lending, insurance, and off-market Indiana deal flow

  • No wasted time shopping—we do it for you

  • Smart matches with investor-friendly Indiana insurers

Frequently Asked Questions about Indiana Fix and Flip Insurance

Do I need insurance before closing on an Indiana flip?

Yes. Your Indiana lender (or title company, if buying with cash) will require proof of insurance before you close. OfferMarket can issue an Indiana certificate of insurance in just hours.

Can I get insurance if my Indiana property is already under renovation?

Yes, but you must disclose all ongoing work. Some Indiana insurers might require an inspection or limit coverage for projects already in progress.

What if I sell my Indiana property early?

You can cancel your policy pro-rata and get a refund for any unused premium.

Can I insure multiple Indiana flips with one policy?

Absolutely. OfferMarket offers portfolio policies that cut costs and make managing several Indiana properties easy.

What if my Indiana property is rented out before the flip?

Some Indiana fix and flip insurance may not cover active tenants. You’ll need a landlord or hybrid policy that allows temporary occupancy.

How does OfferMarket Insurance work for Indiana investors?

We’re an Indiana fix and flip insurance rate shopping platform built for property investors. OfferMarket shops the best carriers, ensuring your policy meets both your and your lender’s requirements—at the lowest possible price.

Can I use my own Indiana insurance agent?

You can, provided your agent offers competitive Indiana fix and flip coverage and meets your lender’s requirements. Be aware: delays often happen when using agents unfamiliar with Indiana fix and flip guidelines.

Can I pay for Indiana fix and flip insurance at closing?

Yes. Your insurance premium can be paid on your HUD-1/ALTA statement or directly through your agent. If you pay directly, you’ll need to show a paid receipt before closing.

Do Indiana fix and flip lenders require escrow for insurance premiums?

Usually not. You’re responsible for keeping coverage in force and paid. If your Indiana project runs over 12 months, you’ll likely need to show the policy is renewed for another year. You’ll receive a pro-rated refund if you cancel early.

What is an AM Best Rating?

AM Best is an agency that rates the financial strength of insurance carriers, helping Indiana investors pick strong partners.

What is Indiana builder’s risk insurance?

Builder’s risk protects your Indiana property and construction materials during the renovation or build phase. Coverage usually ends when the property is sold, occupied, or construction is finished.

Protect and Grow Your Indiana Investment Portfolio

Fix and flip insurance in Indiana isn’t optional—it’s a must-have. With Indiana’s tight investment margins, strict timelines, and the unexpected always around the corner, smart Indiana investors know that managing risk is as important as chasing returns. Whether you’re tackling your first Indianapolis flip or scaling a Fort Wayne portfolio, OfferMarket has insurance solutions that grow with you.

OfferMarket is dedicated to Indiana rental property and fix and flip investors. Our goal is to help you create wealth through Indiana real estate.

☂️ Landlord Insurance rate shopping platform specialized in landlord insurance that meets DSCR loan guidelines
🏚️ Off Market Properties marketplace featuring hundreds of exclusive and off market deals posted by wholesalers, tired landlords and distressed sellers.
💰 Private Lending featuring instant quotes and a simple, low cost, transparent borrowing experience for DSCR loans, Fix and Flip loans and Slow Flip loans.
💡 *Insights regularly published to provide you with a knowledge advantage.