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Fix and Flip Insurance Nevada

Last updated: June 13, 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 builder’s risk insurance or renovation insurance in Nevada—is a specialty policy designed for property investors buying homes to renovate and resell for a profit. This isn’t your standard homeowner’s coverage. Nevada’s real estate scene is unique, with everything from vacant desert properties in Las Vegas, fixer-uppers in Reno, to older homes in Carson City and emerging markets in Henderson. That means your insurance must address vacant properties, ongoing construction, and frequent title transfers that are part of Nevada’s dynamic real estate landscape.

Whether you’re a first-time house flipper tackling your first project in Sparks or a seasoned investor managing a dozen Reno rehabs, fix and flip insurance in Nevada is crucial. It shields your investment capital, keeps you compliant with lender guidelines, and helps you stay on track with project timelines—all while protecting you against the unique risks that come with Nevada’s real estate market.

If you’ve noticed rising insurance costs on your Nevada fix and flip projects, you’re not alone. In the last year and a half, fix and flip insurance rates in Nevada have increased by over 25%. This can directly cut into your profits and affect the feasibility of your flips—especially in competitive markets like Las Vegas or Reno.

At OfferMarket, we review hundreds of Nevada fix and flip insurance policies every year. Our analysis shows the average fix and flip insurance quote in Nevada is nearly 33% higher than necessary when investors rely on general insurance agents who lack commercial or real estate expertise. Many agencies simply sell you a higher-priced policy—they earn more on higher premiums and often can’t shop across multiple carriers for the best deal. Even well-meaning agents, especially those tied to a single insurer, may miss out on the best rates for Nevada investors.

That’s exactly why we built the OfferMarket Insurance platform for Nevada real estate investors. In less than a minute, you can compare 40+ carriers, ensure the coverage meets your needs, and save substantially on your Nevada fix and flip insurance. Every month, we help Nevada investors like you keep thousands of dollars in their pockets.

Fix and Flip Insurance Bundle

Fix and Flip Insurance Markets: Nevada

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Wherever your next Nevada project is located, you’re covered with OfferMarket. We specialize in the following markets (and beyond):

Looking beyond Nevada? We also serve investors in California, Arizona, Utah, Oregon, Idaho, and more.

Why You Need Fix and Flip Insurance in Nevada

1. Vacant Nevada Properties Are a Magnet for Risk

Most Nevada fix and flip projects start with a vacant home—often in neighborhoods where empty properties can attract vandalism, theft, or water damage that goes undetected for days in the dry climate. Standard home insurance policies usually don’t cover vacant properties, leaving you exposed if something goes wrong.

2. Construction and Renovation Risks in the Silver State

From updating classic Las Vegas bungalows to restoring Victorians in Reno, every renovation in Nevada brings its own risks:

  • Structural surprises in older homes

  • Contractor injuries (with Nevada’s strict worker safety rules)

  • Wildfire and fire hazards, especially in rural or high-desert regions

  • Theft of building materials

Nevada fix and flip insurance is specifically crafted for these challenges, offering protection from purchase through resale.

3. Liability Protection for Nevada Investors

Whether you’re working with local contractors or managing subs in multiple cities, liability is a major concern. If someone is injured on your job site—even a trespasser—Nevada law could leave you on the hook. Proper fix and flip insurance includes general liability coverage so you can focus on your project instead of legal risks.

What Does Nevada Fix and Flip Insurance Cover?

Nevada fix and flip insurance policies are highly customizable, with coverage tailored to your property type, project, and region. Common coverages include:

Property Coverage

Protects the structure and renovation materials from:

  • Fire (including wildfires, a risk in Nevada)

  • Vandalism and theft

  • Lightning strikes (more common than you might think in summer monsoons)

  • Wind and hail (especially in northern Nevada)

  • Water damage (excluding flood)

General Liability

Covers claims filed by third parties for:

  • Bodily injury on-site (contractors, trespassers, inspectors)

  • Property damage to neighboring homes

Builder’s Risk

Usually bundled with property coverage, this protects your building, materials in transit, and features under renovation—crucial for Nevada projects with big rehabs.

Vacant Property Endorsement

Ensures your policy stays active during periods when the property is empty—common in Nevada’s seasonal markets.

Tools and Equipment

Optional coverage for tools or rented equipment stolen or damaged on your job site.

Ordinance or Law Coverage

Covers unexpected costs if your project in Las Vegas, Reno, or elsewhere must be brought up to new code after a loss.

Loss of Rents

If you rent your Nevada property after the rehab (BRRRR method), this protects you from lost rental income due to a covered loss.

What is Not Covered by Nevada Fix and Flip Insurance?

  • Gradual wear and tear or poor workmanship

  • Flood damage (requires separate flood insurance, especially in flood-prone parts of Nevada)

  • Earthquake damage (may require a separate rider)

  • Intentional or fraudulent damage

  • Acts of war or government seizure

Always read your exclusions, and speak to a Nevada-experienced agent to ensure you’re covered for local risks.

Who Needs Nevada Fix and Flip Insurance?

Fix and flip insurance is essential protection for:

  • Individual real estate investors across Nevada

  • Professional house flippers working in Las Vegas, Reno, Henderson, and beyond

  • Real estate LLCs and partnerships investing in Nevada properties

  • Wholesalers who take temporary title before a resale (double close)

  • Private lenders looking to secure their collateral in Nevada deals

From a $150,000 home renovation in North Las Vegas to a million-dollar rehab near Lake Tahoe, fix and flip insurance in Nevada is a risk management tool you shouldn’t skip.

How Much Does Fix and Flip Insurance Cost in Nevada?

Premiums for Nevada fix and flip insurance depend on several key factors:

  • Project location (e.g., Las Vegas, Reno, Carson City)

  • Property value

  • Scope of work (renovation budget, extent of repairs)

  • Length of project

  • Coverage limits

  • Deductibles selected

Sample Nevada Fix and Flip Insurance 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:

  • Annual insurance premiums in Nevada are often refunded pro-rata if you cancel before the policy term expires—common if you sell or refinance your project early.

  • Bundling multiple Nevada properties under a single “portfolio policy” can lower per-property costs.

Best Fix and Flip Insurance in Nevada

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Nevada offers plenty of choices for fix and flip insurance, but your results depend on how you shop and what you prioritize:

  • How much risk are you willing to take on?

  • How aggressively do you compare rates and coverage?

  • Does your agent understand the Nevada fix and flip market?

We recommend a comprehensive policy that includes property insurance, general liability, business interruption, and—if you’re flipping in a flood-prone part of Nevada—flood insurance.
Work with an agency that specializes in Nevada fix and flip insurance and has access to multiple carriers for the best rates and coverage. With OfferMarket, you can get a Nevada fix and flip insurance quote in minutes.

How to Get Fix and Flip Insurance Through OfferMarket in Nevada

OfferMarket makes it easy for Nevada investors to obtain the right fix and flip insurance by connecting you with underwriters who understand the unique challenges of Nevada real estate.

The OfferMarket Advantage for Nevada Investors

  • Fast, accurate quotes within 24 hours

  • Custom insurance policies for portfolios from 1 to 100+ Nevada properties

  • Support for all title-holding entities: personal name, LLC, corporations, trusts

  • Assistance with lender-specific guidelines for Nevada hard money and private loans

  • Competitive pricing from Nevada-friendly, top-rated carriers

  • Instant certificates of insurance (COI)

  • Secure, digital record keeping in your Insurance File

Insurance Requirements for Nevada Fix and Flip Loans

Most Nevada fix and flip lenders require you to have:

  • Property coverage at least equal to the loan amount

  • General liability (typically $1,000,000+ per occurrence)

  • Named insured and loss payee clauses

  • Proof of insurance prior to closing

  • Continuous coverage throughout the loan

If you let your coverage lapse:
You could face loan default, forced-placed insurance (at much higher cost), or personal liability for damages. OfferMarket coordinates with your Nevada lender before and after closing, making the process smooth and stress-free—especially if you finance your fix and flip project with OfferMarket Capital.

How to Structure Insurance for a Multi-Property Portfolio in Nevada

Flipping multiple properties at once in Nevada? Consider these options:

  • Blanket policies: One policy covers all your Nevada properties.

  • Scheduled policies: Each Nevada property is listed separately with its own limits and premium.

  • Master policies: Roll up vacant property, builder’s risk, and other coverage types into a single bill.

OfferMarket helps Nevada’s high-volume flippers keep insurance costs low and admin simple across large portfolios.

Fix and Flip Insurance Checklist for Nevada Projects

Ensure you’re fully protected on your Nevada fix and flip by confirming:

✅ Property insurance for full replacement cost
✅ General liability of at least $1M
✅ Vacant property endorsement included
✅ Builder’s risk coverage for renovations
✅ Tools/equipment coverage (if needed)
✅ Policy names your Nevada lender as loss payee
✅ Flood/earthquake insurance (if required for your location)
✅ Policy dates match your project timeline
✅ Certificate of insurance issued and securely stored

Fix and Flip Insurance Guidelines

Below are common Nevada fix and flip insurance guidelines for loans (a.k.a. hard money loans). These are best practices for risk management.

Property Coverage

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

General Liability Coverage

Category 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 Occurrence basis (not claims-made)
Cancellation 30-day notice
Lender’s Designation Additional Insured

Business Interruption Insurance

Mandatory if you plan to rent out the property during/after rehab.

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

Flood Insurance

If your Nevada property is in a FEMA special flood hazard area, your lender will require this.

Category Requirement
Mandatory If in flood zone (requires Flood Zone Determination)
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

Detail Requirement/Description
Lender’s Mortgagee Clause Must include your lender’s mortgagee clause if a lender is involved.
Condo Coverage Blanket policy may be used if it includes the individual unit; HOA must maintain “all risk” coverage for common areas at replacement cost.
PUD (Planned Unit Development) Coverage Project’s blanket policy may be used if it includes the individual unit; HOA must maintain “all risk” coverage for common areas at replacement cost.
Compliance Form Use ACORD form to ensure compliance with Nevada insurance requirements.
Insurance Certifications & Paid Receipts Submit insurance certifications, invoices, or paid receipts no later than 24 hours before closing.
Final Policy Documents Provide final policy documents no later than 60 days after closing.
Vacancy Notification Notify insurance carrier if property becomes vacant or unoccupied and obtain a vacancy permit for the entire vacancy period.

Why Choose OfferMarket for Nevada Fix and Flip Insurance?

OfferMarket is the trusted choice for Nevada real estate investors and private lenders statewide. We make acquiring, financing, and insuring Nevada properties seamless—removing friction from every step of your deal.

What Sets Us Apart in Nevada

  • Real-time deal and insurance management platform

  • Nevada-focused support team that understands local regulations and market trends

  • Integrated insurance, private lending, and off-market deal flow—optimized for Nevada’s investor landscape

  • No time wasted shopping carriers—we handle the search for you, with 40+ carrier options

  • Intelligent matching with investor-friendly, Nevada-approved insurers

Frequently Asked Questions

Do I need insurance before closing on a Nevada flip?

Yes. Whether you’re using a hard money lender or buying with cash, Nevada law and most lenders require proof of insurance before closing. OfferMarket can issue your Nevada certificate of insurance within hours.

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

Yes, as long as you disclose all existing work. Some Nevada insurers may require an inspection or may limit certain coverage options if work is already underway.

What if I sell the property before the policy expires?

You can cancel your Nevada fix and flip insurance on a pro-rata basis and receive a refund for unused premium.

Can I insure multiple Nevada flips under one policy?

Absolutely. OfferMarket offers portfolio policies specifically for Nevada investors, saving you money and streamlining administration.

What if I’m renting out a Nevada unit before the flip?

Some fix and flip policies in Nevada may not cover active tenants. In those cases, you’ll need a landlord or hybrid policy that allows for temporary occupancy.

How does OfferMarket Insurance work?

OfferMarket Insurance is a rate shopping platform built for Nevada real estate investors. We shop for the most competitive policy that fits your preferences and your lender’s guidelines. Our Nevada insurance experts verify your policy meets both your requirements and those of your financing partner—at the best price.

Can I use my own insurance agent for my Nevada fix and flip loan?

Yes, as long as your agent can provide competitive fix and flip coverage and follow Nevada lender guidelines. However, delays are common with agents who do not specialize in commercial or investment property policies. Our Nevada-focused team is here to save you time and money.

Can I pay for Nevada insurance at closing?

Yes, your fix and flip insurance premium can be paid at closing on the HUD-1/ALTA statement, or directly to your agent prior to settlement. If you pay directly, you must provide a paid receipt as proof.

Do I need to escrow my Nevada fix and flip insurance premium?

Most Nevada lenders do not require escrow for insurance. You’re responsible for keeping your coverage active. If your project goes over 12 months, lenders may require proof of renewal.

What is an AM Best Rating?

AM Best is a leading rating agency evaluating the financial strength of insurance companies—crucial for making sure your Nevada insurer can pay out claims.

What is builder’s risk insurance?

Builder’s risk covers Nevada properties and materials under renovation, protecting you from fire, wind, theft, and more during construction—critical in active or high-risk areas.

When Does Builder’s Risk Coverage End in Nevada?

Builder’s risk insurance for Nevada fix and flip projects is designed to protect your investment during the construction and renovation phase—but this specialized coverage doesn’t last indefinitely. In Nevada, your builder’s risk policy typically ends when any of the following occur:

  • Property Ownership Transfers: Coverage ends when you sell the Nevada property to a new owner.

  • 90 Days After Construction Completion: If renovation wraps up but the property remains unsold or unoccupied, your coverage may continue for up to 90 days, then expires.

  • Property is Occupied or Used: The moment you or a tenant moves in—or the property is put to its intended use—builder’s risk insurance is no longer in effect.

  • Insured’s Interest Ceases: If you are no longer financially involved in the project, your coverage ends.

  • Project Abandonment: If you permanently abandon a Nevada fix and flip project with no intention of finishing, the policy terminates.

Most builder’s risk policies in Nevada are issued on a “Completed Value Form,” meaning the coverage amount matches the property’s after-repair value (ARV) or ARV replacement cost.

Protect and Grow Your Portfolio with OfferMarket

In Nevada’s competitive fix and flip market, insurance isn’t optional—it’s a necessity. With fluctuating margins, tight timelines, and risks ranging from vandalism in Las Vegas to weather events in northern Nevada, smart investors know to cover their downside as carefully as they chase returns.

Whether you flip one property a year in Carson City or manage dozens of deals across Clark County, OfferMarket’s Nevada-focused insurance solutions are built to scale with your ambitions.

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