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Fix and Flip Insurance Louisiana

Last updated: June 12, 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 renovation or builder’s risk insurance—serves a crucial role for Louisiana real estate investors who acquire properties to renovate and sell for profit. Unlike regular homeowner’s coverage, fix and flip insurance is built for vacant homes, active construction projects, and frequent title changes—circumstances that are standard in the Louisiana fix and flip and BRRRR landscape.

Whether you’re rehabbing a classic shotgun house in New Orleans or tackling a storm-damaged property in Lake Charles, fix and flip insurance shields your investment dollars, limits your liability, and keeps your project timeline on track.

The cost of fix and flip insurance in Louisiana has surged, increasing by more than 25% over the past year and a half. This spike cuts directly into investor margins and affects deal feasibility. At OfferMarket, our team reviews hundreds of insurance policies each year across the state, from Baton Rouge to Shreveport. Based on our analysis, many Louisiana investors are quoted fix and flip insurance premiums that are nearly 33% higher than necessary, simply because they aren’t working with specialists.

Here’s the reality:
Many local insurance agencies focus on personal lines or lack access to multiple carriers, so their quotes are inflated—often because their compensation is tied to your premium. Even well-meaning agents are sometimes captive to a single carrier or don’t understand Louisiana’s unique market and risk profile.

OfferMarket Insurance was created to solve this exact problem for Louisiana’s real estate community. In less than a minute, you can compare rates from 40+ carriers and zero in on the best coverage at the lowest price. Every quote is reviewed by our team of experts who specialize in saving Louisiana investors money on residential real estate projects. We save our clients thousands every month—let’s see what we can do for your next Louisiana flip.

Fix and Flip Insurance Bundle

Fix and Flip Insurance Markets

Shop 40+ carriers landlord insurance.jpg

Wherever your project is in the Pelican State, OfferMarket has you covered. Check out our:

Why You Need Fix and Flip Insurance in Louisiana

1. Vacant Properties Carry Elevated Risk

Most Louisiana fix and flip ventures start with a property that sits vacant. Standard insurance policies often void coverage for these homes due to higher risks—vandalism, copper theft, water damage (especially in Louisiana’s humid climate), and undetected hazards like burst pipes or electrical faults.

2. Renovation and Construction Risks

From post-hurricane roof replacements to historic home rewiring in NOLA, Louisiana renovations are not without danger. Risks include:

  • Structural complications (often hidden in older or storm-damaged homes)

  • Contractor injuries

  • Fire hazards during repairs

  • Theft of materials, especially during active construction

Fix and flip insurance is designed to cover these perils at every stage of your Louisiana rehab.

3. Liability Protection

If a contractor, inspector, or trespasser is hurt on your job site, you could be held personally responsible. Comprehensive fix and flip policies include general liability, safeguarding you against lawsuits and unexpected medical bills.

What Does Fix and Flip Insurance Louisiana Cover?

Fix and flip insurance for Louisiana projects can be customized for your specific needs. Common coverage areas include:

Property Coverage

Protects your property’s structure and materials from:

  • Fire

  • Vandalism

  • Theft (especially common in vacant Louisiana homes)

  • Lightning

  • Wind and hail (crucial for Louisiana’s storm-prone seasons)

  • Water damage (excluding flood unless added)

General Liability

Covers bodily injury or property damage claims, such as:

  • Slip and fall injuries (from contractors, inspectors, or even trespassers)

  • Damage to neighboring Louisiana properties

  • Lawsuits arising from job site accidents

Builder’s Risk

Often bundled, builder’s risk insurance covers your property under renovation, including materials in transit or stored on-site, and protects new installations.

Vacant Property Endorsement

Ensures continuous coverage for your property—even if it remains vacant through the entire Louisiana rehab.

Tools and Equipment

Optional protection for your contractor’s tools or rented equipment in case of theft or accidental damage.

Ordinance or Law Coverage

Covers costs to bring your property up to code after a covered loss—a common issue with Louisiana’s evolving building codes and permitting requirements.

Loss of Rents

If you rent out your Louisiana property during or after the rehab, loss of rents or “business interruption” coverage can protect your rental income from a covered loss. This is especially valuable for BRRRR investors and multi-unit rehabs in Louisiana.

What Is Not Covered?

Your Louisiana fix and flip insurance policy won’t cover:

  • Wear and tear, shoddy workmanship, or poor maintenance

  • Flood damage (requires separate flood insurance—critical in many parts of Louisiana)

  • Earthquake damage (generally not an issue for Louisiana, but confirm your policy)

  • Intentional or fraudulent acts

  • Acts of war or government seizure

Tip: Always read your exclusions carefully and talk through them with a Louisiana-savvy insurance agent.

Who Needs Fix and Flip Insurance Louisiana?

Fix and flip insurance is a must for:

  • Individual Louisiana real estate investors

  • House flippers (from first-timers to serial investors across the state)

  • Real estate LLCs, partnerships, and trusts

  • Wholesalers who temporarily hold title before resale

  • Private lenders seeking to protect their collateral

Whether you’re flipping a modest bungalow in Lafayette or a luxury renovation in Uptown New Orleans, fix and flip insurance is a non-negotiable part of your risk management toolkit.

How Much Does Fix and Flip Insurance Cost in Louisiana?

Premiums for Louisiana fix and flip insurance are determined by:

  • Location (neighborhood, flood zone, local crime rates)

  • Property value

  • Scope of renovation work

  • Length of the project

  • Coverage limits and deductibles

Sample Louisiana Fix and Flip Insurance Rates

Property Value Rehab Budget Estimated Annual Premium
$150,000 $50,000 $1,100 – $2,200
$300,000 $100,000 $1,700 – $2,800
$500,000 $200,000 $2,300 – $3,800

Note:

  • Annual premiums are typically refunded on a pro-rated basis if you sell or refinance before the end of the policy term.

  • Bundling several Louisiana properties under a portfolio policy can lower your per-property costs.

Best Fix and Flip Insurance Louisiana

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Louisiana real estate investors have a variety of options when it comes to insuring their fix and flip projects. Ultimately, your choice depends on your risk tolerance, preferred pricing, how effectively you shop rates, and the quality of your insurance support team. For Louisiana, we recommend seeking a comprehensive fix and flip policy that includes property insurance, general liability, business interruption coverage, and—where needed—flood insurance.

Partnering with an agency that specializes in Louisiana fix and flip insurance and shops multiple carriers ensures you get robust protection at the most competitive rate. Get your fix and flip insurance quote for your Louisiana property today!

How to Get Fix and Flip Insurance Through OfferMarket

OfferMarket makes the process of obtaining Louisiana fix and flip insurance efficient and stress-free by connecting you with underwriters who understand the local market and investor needs.

The OfferMarket Advantage for Louisiana Investors

  • Fast, Louisiana-specific quotes delivered in 24 hours or less

  • Custom policies for any number of properties (from a single New Orleans cottage to a statewide portfolio)

  • Support for different ownership structures: personal name, LLC, Corporation, Trust, Partnership

  • Ability to meet even the most detailed lender insurance guidelines

  • Access to top-rated carriers with competitive Louisiana rates

  • Effortless certificate of insurance (COI) generation for closings

  • Secure, digital record keeping for all your policies

Insurance Requirements for Louisiana Fix and Flip Loans

Most Louisiana lenders will require the following:

  • Property coverage at least equal to the loan amount

  • General liability coverage (typically $1M+ per occurrence)

  • Named insured and loss payee clauses for the lender

  • Proof of insurance before the loan closes

  • Continuous coverage throughout the loan term

Failure to maintain coverage can result in:

  • Loan default

  • Force-placed insurance (at a higher price)

  • Personal liability for any damages

OfferMarket coordinates seamlessly with your lender to ensure compliance, both during underwriting and after closing. If you use OfferMarket Capital for your Louisiana fix and flip or DSCR loan, your experience is even smoother.

How to Structure Coverage for a Multi-Property Portfolio in Louisiana

For investors flipping multiple Louisiana properties simultaneously, consider the following approaches:

  • Blanket policy: One policy covers your entire portfolio—perfect for high-volume Louisiana flippers.

  • Scheduled policy: Each property is listed individually with its own limits and premiums.

  • Master policy: Combines various coverage types (vacant property, builder’s risk, etc.) under one bill.

OfferMarket works with Louisiana investors to minimize costs and administration while maximizing protection.

Fix and Flip Insurance Checklist Louisiana

Make sure your Louisiana projects are fully protected:

✅ Full replacement cost property insurance
✅ General liability coverage of at least $1M
✅ Vacant property endorsement
✅ Builder’s risk for renovation phase
✅ Tools and equipment coverage as needed
✅ Lender named as loss payee
✅ Flood/earthquake coverage if required by region
✅ Project start/end dates align with coverage
✅ Certificate of insurance is issued and stored securely

Fix and Flip Insurance Guidelines Louisiana

Below are standard fix and flip insurance guidelines, tailored for Louisiana’s unique lending and risk management environment.

Property Coverage

Property Insurance Requirement
Mandatory Yes
AM Best Rating A- VIII or greater
Term 1 Year
Limits Replacement Cost or Loan Amount
Deductible $5,000
Accepted Policy Types Dwelling Fire “Special Form”, Commercial “Basic/Special Form”
Cancellation 30-day notice
Exclusions No windstorm/hail/named storm exclusion
Lender’s Designation Mortgagee

General Liability Coverage

General Liability Requirement
Mandatory Yes
AM Best Rating A- VIII or greater
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 Requirement
Mandatory Yes
AM Best Rating A- VIII or greater
Term 1 Year
Limits One year gross rental revenue
Coverage Details Actual Loss Sustained basis
Cancellation 30-day notice
Lender’s Designation Mortgagee

Flood Insurance

If your Louisiana project is located in a FEMA-designated flood zone, your lender may require a separate flood insurance policy.

Flood Insurance Requirement
Mandatory If in a flood zone
AM Best Rating A- VIII or greater
Term 1 Year
Limits Greater of $250,000 or loan balance
Cancellation 30-day notice
Lender’s Designation Mortgagee

Additional Details

Category Louisiana Fix and Flip Insurance Details
Mortgagee Clause OfferMarket Capital LLC ISAOA/ATIMA
627 S Hanover St
Baltimore, MD 21230
Condos - Blanket policy may be used if your unit is included in coverage.
- Condo association must maintain “all risk” coverage for common areas, fixtures, personal property, and equipment at 100% replacement cost.
- Verify your Louisiana unit is listed and protected under the master policy.
PUDs - Project-wide blanket policy may be used if your unit is included.
- Homeowners association must have “all risk” coverage for common areas, fixtures, personal property, and equipment at 100% replacement value.
Instructions - Use ACORD form for compliance.
- Submit insurance certifications, invoices, or paid receipts at least 24 hours before closing.
- Provide final policy documents within 60 days after closing.
- Notify your insurance carrier if your Louisiana property becomes vacant and obtain a vacancy permit for the duration.

Why Choose OfferMarket for Louisiana Fix and Flip Insurance?

OfferMarket is a trusted resource for Louisiana real estate investors and lenders. Our integrated platform streamlines property acquisition, lending, and insurance—removing friction at every stage of your deal.

What Makes Us Different:

  • Real-time deal and insurance management built for Louisiana investors

  • Dedicated local support for investors and lenders

  • Integrated insurance, lending, and exclusive off-market property listings

  • We handle all rate shopping—you save time and money

  • Smart matching with investor-friendly Louisiana insurers

Frequently Asked Questions – Louisiana Fix and Flip Insurance

Do I need insurance before closing in Louisiana?

Yes, whether you’re using a lender or buying with cash, you’ll need proof of insurance before closing. OfferMarket can provide your certificate within hours.

Can I get insurance if renovations have already started?

Yes, but you’ll need to disclose all ongoing work. Some Louisiana insurers may require an inspection or limit certain coverages if the project is already underway.

What if I sell my Louisiana property early?

You can cancel your policy and receive a pro-rated refund for the unused portion.

Can I bundle multiple Louisiana flips under one policy?

Absolutely. OfferMarket offers portfolio policies to help multi-property investors in Louisiana save money and reduce paperwork.

What about renting out units during the flip?

Depending on your carrier, fix and flip insurance may not cover active tenants. If you plan to rent out before selling, consider a landlord or hybrid policy.

How does OfferMarket Insurance work for Louisiana investors?

OfferMarket Insurance is a specialized platform that shops for the most competitive policies meeting your preferences and lender requirements, with expert oversight for Louisiana investors.

Can I use my own insurance agent?

As long as your agent understands Louisiana’s fix and flip insurance requirements and can provide competitive commercial coverage, yes. However, we see fewer delays and better pricing for clients who use OfferMarket Insurance.

Can I pay my premium at closing?

Yes, Louisiana fix and flip loans usually allow you to pay your insurance premium through the settlement statement or directly to your agent before closing.

Is insurance escrow required?

Most Louisiana lenders don’t require escrowing your insurance payment. You’ll be responsible for making sure your policy is active and renewed if your project extends beyond 12 months.

What is an AM Best Rating?

It’s a measure of the financial strength of insurance companies. Only insurers rated A- VIII or better are accepted by most Louisiana lenders.

What is builder’s risk insurance?

Builder’s risk protects your Louisiana property and construction materials from perils like fire, windstorm, theft, or vandalism during the renovation phase. Coverage typically ends when the project is complete, sold, or occupied.

Protect and Grow Your Louisiana Portfolio with OfferMarket

Fix and flip insurance isn’t a luxury for Louisiana investors—it’s an absolute necessity. With slim margins, unpredictable weather, and an ever-changing market, the smart move is to protect your downside while building your real estate portfolio.

Whether you’re flipping a single home in Baton Rouge or managing projects across Louisiana, OfferMarket’s insurance solutions scale with your ambitions.

Protect your capital. Safeguard your reputation. Invest in your Louisiana future.

OfferMarket is dedicated to empowering Louisiana’s real estate investors with seamless acquisition, lending, and insurance solutions—helping you build wealth through real estate in the Bayou State.

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