Fix and Flip Insurance Oregon
Last updated: October 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 or renovation insurance, is a tailored form of coverage designed to protect real estate investors in Oregon who purchase homes for the purpose of renovation and resale. Unlike standard homeowner's insurance, this policy is built to handle the unique risks that come with vacant properties, construction work, and rapid ownership turnover. All of which are prevalent in Oregon’s thriving investor markets like Portland, Salem, Eugene, and Bend.
Whether you're flipping a craftsman bungalow in SE Portland or rehabbing a duplex in Medford, fix and flip insurance is an essential layer of financial protection. It safeguards your capital investment, shields you from liability during construction, and ensures your timeline stays intact in the face of the unexpected.
Fix and flip insurance costs are trending upward premiums have jumped over 25% in the past 18 months. That directly affects your profit margins and overall deal viability. At OfferMarket, we review hundreds of policies annually through our private lending and insurance divisions. We’ve found that many Oregon investors are overpaying by nearly 33% on average compared to what’s necessary based on lender requirements and investor risk tolerance.
This happens because many agents providing these policies don’t specialize in investment property insurance. Some are captive agents restricted to one carrier, while others may simply not understand the nuances of flipping properties. Worse still, since agents are paid based on your premium, they’re often incentivized to sell you more coverage than you need.
That’s why we built the OfferMarket Insurance platform. In less than a minute, you can compare quotes from over 40 top-rated insurers, all vetted for investor coverage and cost-effectiveness. Our specialized team ensures each policy is reviewed for quality, relevance, and compliance. Every month we save Oregon investors thousands of dollars — and we can help you too.
Fix and Flip Insurance Markets
Wherever your rehab project is located in Oregon or somewhere else, we've got you covered.
- 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
Fix and Flip Insurance Oregon: Coverage Areas
Wherever your Oregon rehab is based, our insurance network has you covered:
- Portland
- Salem
- Eugene
- Gresham
- Hillsboro
- Bend
- Medford
- And beyond
Our specialized coverage spans the diverse landscapes and neighborhoods unique to Oregon.
Why You Need Fix and Flip Insurance
1. Vacant Properties Are High Risk
Most fix and flip projects begin with a property that is vacant. Standard insurance policies often exclude or void coverage on unoccupied homes due to higher risks such as vandalism, theft, and undetected damage (e.g., burst pipes, electrical fires).
2. Construction and Renovation Risks
Whether you're replacing a roof, rewiring electrical, or gutting a kitchen, the renovation process introduces risks like:
Structural damage
Contractor injuries
Fire hazards
Materials theft
Fix and flip insurance is tailored to these risks, providing coverage during all phases of the rehab.
3. Liability Protection
If a contractor or trespasser is injured on the job site, you could be held personally liable. A proper policy includes general liability coverage to protect you from lawsuits and medical expenses.
4. Comparing Oregon Fix and Flip Insurance to Standard Homeowner’s Policies
Standard homeowner’s policies are inadequate for Oregon fix and flip projects. Unlike homeowner’s insurance, fix and flip policies cover vacant properties, renovation risks (e.g., fire from construction), and liability for contractors or visitors. They meet Oregon lender requirements, ensuring compliance for financed flips.
Homeowner’s policies often exclude unoccupied homes or construction activities, exposing investors to risks like vandalism in Eugene or water damage in Portland. Fix and flip insurance provides tailored protection for Oregon’s competitive market, safeguarding your investment through every phase.
Navigating Oregon’s Unique Risks for Fix and Flip Projects
Oregon’s diverse climate and urban landscape pose unique challenges for fix and flip investors. Portland’s heavy rainfall increases water damage risks, while Bend and Medford face wildfire threats. Urban areas like Eugene see vandalism, and rural properties in Grants Pass may encounter material delivery delays.
These factors heighten risks of property damage, theft, or project delays. Fix and flip insurance mitigates these with coverage for weather-related losses, fire, and construction setbacks, ensuring your Salem rehab or Hillsboro multifamily project stays on track. OfferMarket connects you with carriers experienced in Oregon’s risk profile.
What Does Fix and Flip Insurance Cover?
Fix and flip insurance policies are highly customizable. Here are common types of coverage included or optionally added:
Property Coverage
Protects the structure and materials from risks like:
| Covered Risks |
|---|
| Fire |
| Vandalism |
| Theft |
| Lightning |
| Wind, hail |
| Water damage (non-flood) |
General Liability
Covers bodily injury or property damage claims filed by third parties, including:
- Slip and fall incidents
- Injuries to contractors or trespassers
- Damage to neighboring properties
Builder’s Risk
Often bundled with property coverage, builder’s risk covers the structure under renovation, materials in transit or storage, and newly installed features.
Vacant Property Endorsement
Ensures your policy remains valid even when the property is unoccupied during renovations.
Tools and Equipment
Optional coverage for tools or rented machinery stolen or damaged on-site.
Ordinance or Law Coverage
Covers additional costs to bring the property up to code after a loss, including demolition and rebuilding expenses.
Loss of Rents
Sometimes bundled into a fix and flip insurance policy and typically included in a landlord insurance policy, Loss of Rent or “business interruption” coverage protects against lost rental income due to a covered loss if you rent the property after completing your rehab or keep the property rented during your rehab. This is most relevant to BRRRR investors and multi-unit properties.
What is NOT Covered?
- Wear and tear or poor workmanship
- Flood damage (requires separate flood insurance)
- Earthquake damage (often excluded or requires a separate rider)
- Intentional damage or fraud
- Acts of war or government seizure
Always read the exclusions section of your policy and discuss with your insurance agent.
Who Needs Fix and Flip Insurance?
Fix and flip insurance is appropriate for:
- Individual real estate investors
- House flippers
- Real estate LLCs and partnerships
- Wholesalers who take title before resale (i.e., double close)
- Private lenders protecting collateral
Whether you're flipping a $100,000 home in Eugene or a $2,000,000 luxury property in Lake Oswego, fix and flip insurance should be considered a risk management necessity.
Impact of Oregon’s Real Estate Market Trends on Insurance Needs
Oregon’s real estate market influences fix and flip insurance needs. Portland’s rising property values increase replacement costs, requiring higher coverage limits. Bend’s high demand for vacation rentals makes loss of rents coverage vital for BRRRR investors. Urban redevelopment in Salem drives the need for ordinance or law coverage to meet updated building codes.
These trends elevate premiums but underscore the need for tailored policies. OfferMarket’s helps investors navigate these dynamics by matching them with carriers offering competitive rates for Oregon’s evolving market, ensuring protection aligns with local conditions and project goals.
How Much Does Fix and Flip Insurance Cost?
Premiums vary depending on:
- Location
- Property value
- Scope of work (“SOW”, “rehab budget”, “scope of repairs”)
- Length of project
- Coverage limits
- Deductibles
Example 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 are generally refunded on a pro-rated basis if you cancel the policy prior to policy term expiration. The most common reasons are either because of sale or refinance (i.e., DSCR loan) and switch into a landlord insurance policy.
Bundling multiple properties under one policy (“portfolio policy”) can reduce your per-property cost.
Cost-Saving Strategies for Oregon Fix and Flip Insurance
With Oregon premiums up over 25% in 18 months, cost-saving strategies are critical. Bundle property and liability coverage, increase deductibles to lower premiums, or use portfolio policies for multiple flips. Partnering with carriers familiar with Oregon’s market ensures competitive rates.
OfferMarket’s platform compares quotes from 40+ carriers, helping investors secure cost-effective policies for Portland bungalows or Bend rehabs. Regularly reassess coverage based on project scope or timeline to avoid overpaying. Save thousands annually with OfferMarket’s quality-controlled quotes tailored for Oregon’s 1-4 unit residential investors.
Best Fix and Flip Insurance for Oregon Investors
You have many choices when shopping for fix and flip insurance. Ultimately, your selection comes down to the risks you are willing to accept, the price you are willing to pay, the competitiveness of your rate shopping process, and the helpfulness of your agent and client service team. We recommend a comprehensive fix and flip insurance policy that includes property insurance, general liability insurance, business interruption insurance and, if necessary, flood insurance.
Working with an insurance agency that specializes in fix and flip insurance and has access to many carriers will get you the best coverage at the best price. Get your fix and flip insurance quote today!
Case Studies: Successful Oregon Fix and Flip Projects with Proper Insurance
Portland Craftsman Rehab: An investor renovating a SE Portland bungalow faced $10,000 in water damage from heavy rain. Their fix and flip policy’s water damage coverage preserved their budget, enabling a profitable sale within five months.
Bend Multifamily Flip: A wildfire near Bend damaged a three-unit property mid-rehab. The investor’s builder’s risk and fire coverage covered repairs, securing a $60,000 profit. OfferMarket’s rapid quote process delivered lender-compliant coverage, avoiding delays.
These cases highlight how tailored insurance protects Oregon investors from unexpected losses, safeguarding capital and timelines.
How to Get Fix and Flip Insurance Through OfferMarket
OfferMarket streamlines the process of obtaining fix and flip insurance by connecting you with specialized underwriters who understand real estate investing.
The OfferMarket Advantage:
- Fast quotes within 24 hours
- Custom policies for 1-100+ properties
- Support for various title-holding entities: personal name, LLC, C-Corporation, S-Corporation, Revocable Trust, Land Trust, LP
- Support for highly specific lender guidelines
- Competitive pricing via top-rated carriers
- Easy COI generation (proof of insurance)
- Secure record keeping in your secure Insurance File
Insurance Requirements for Fix and Flip Loans
Most lenders will require:
- Property coverage at least equal to the loan amount
- General liability ($1M+ per occurrence is typical)
- Named insured and loss payee clauses
- Proof of insurance before closing
- Ongoing coverage during the loan term
Failing to maintain adequate insurance could lead to:
- Loan default
- Forced-placed insurance (at a higher cost)
- Personal liability for damages
OfferMarket makes it seamless by coordinating with your lender during underwriting and after closing. Your borrowing and insurance experience will be especially streamlined if you get your fix and flip loan and DSCR loan from OfferMarket Capital, our private lending division.
How to Structure Coverage for a Multi-Property Portfolio
If you're flipping more than one property at a time, consider:
- Blanket policies: One policy that covers all properties.
- Scheduled policies: Each property is listed with separate limits and premiums.
- Master policies: Combines various coverages (vacant property, builder’s risk, etc.) into one bill.
OfferMarket helps high-volume flippers optimize insurance costs and administration across large portfolios.
Fix and Flip Insurance Checklist for Oregon Projects
Use this checklist to ensure you're fully protected:
| Requirement | Status |
|---|---|
| Property insurance covers full replacement cost | ✅ |
| General liability of at least $1M | ✅ |
| Vacant property endorsement included | ✅ |
| Builder’s risk for renovation phase | ✅ |
| Tools/equipment coverage (if needed) | ✅ |
| Policy names your lender as loss payee | ✅ |
| Flood/earthquake insurance if required | ✅ |
Fix and Flip Insurance Guidelines
Below you’ll find common fix and flip insurance guidelines for Oregon-based projects. These recommendations are often required by hard money lenders and represent best practices for risk mitigation.
Property Coverage
| Requirement | Details |
|---|---|
| Mandatory | Yes (mandatory) |
| AM Best Rating | A- VIII or higher |
| Term | 12 Months |
| Limits | - Replacement Cost (from appraisal or estimator) - If loan amount is lower, policy must have Agreed Value or zero coinsurance |
| Deductible | $5,000 |
| Accepted Policy Types | - Dwelling Fire (“Special Form”) - Commercial Property (“Basic” or “Special Form”) |
| Cancellation Notice | 30 days’ notice |
| Exclusions Not Allowed | - No windstorm or hail exclusions - No named storm exclusion |
| Lender Designation | Mortgagee |
General Liability Coverage
| Requirement | Details |
|---|---|
| Mandatory | Yes (mandatory) |
| AM Best Rating | A- VIII or higher |
| Term | 12 Months |
| Limits | $1,000,000 per occurrence $2,000,000 aggregate |
| Deductible | $1,000 |
| Policy Basis | Occurrence basis |
| Cancellation Notice | 30 days’ notice |
| Lender Designation | Additional Insured |
Business Interruption Insurance
This is an important consideration for Oregon investors who plan to keep tenants during the flip or transition into a rental after renovations.
| Requirement | Details |
|---|---|
| Mandatory | Yes (especially for BRRRR or rental-hold strategies) |
| AM Best Rating | A- VIII or higher |
| Term | 12 Months |
| Limits | One year of effective gross rental income |
| Coverage Details | Actual Loss Sustained is acceptable |
| Cancellation Notice | 30 days’ notice |
| Lender Designation | Mortgagee |
Flood Insurance
Flooding is less common in Oregon compared to Gulf Coast states, but homes near the Columbia River or low-lying areas may still require coverage.
| Requirement | Details |
|---|---|
| Mandatory | Yes, if in FEMA Special Flood Hazard Area |
| AM Best Rating | A- VIII or higher |
| Term | 12 Months |
| Limits | Greater of $250,000 or the loan amount |
| Cancellation Notice | 30 days’ notice |
| Lender Designation | Mortgagee |
Additional Requirements & Special Conditions
Lenders require their mortgagee clause on your policy, such as:
| Requirement | Details for Oregon Investors |
|---|---|
| Mortgagee Clause | OfferMarket Capital LLC ISAOA/ATIMA 627 S Hanover St Baltimore, MD 21230 |
| Condominium Coverage | Blanket policy may be used only if it explicitly includes the individual unit. HOA must maintain “all risk” coverage on shared areas at 100% replacement value. |
| PUD Coverage | Blanket policy must cover individual unit. HOA must carry “all risk” insurance for all common areas, fixtures, personal property, and equipment at full replacement. |
| Proof of Compliance | Use ACORD form for standardization and compliance. |
| Submission Timelines | - Insurance certificates, invoices, or receipts: within 24 hours prior to closing - Final policy documents: within 60 days post-closing |
| Vacancy Notification | Borrower must notify insurance carrier if the property becomes vacant. A vacancy permit must be obtained for the full duration of any unoccupied period. |
Why Choose OfferMarket for Fix and Flip Insurance?
OfferMarket helps Oregon real estate investors streamline the insurance process while maximizing value and minimizing cost. From Portland to Pendleton, we help you focus on what matters the flip.
What Makes Us Different
- Instant deal + insurance platform access
- Real humans helping Oregon investors every step of the way
- One-click quote shopping from 40+ carriers
- Automatic matching with investor- and lender-friendly insurers
- No cold calling. No aggressive upsells. Just savings and support.
Frequently Asked Questions
Do I need insurance before closing?
Yes — whether you’re financing with hard money or paying cash, coverage must be in place before closing. OfferMarket can issue proof of insurance in hours.
Can I get insurance mid-renovation?
Yes. Just disclose the rehab status accurately — some carriers may ask for photos or an inspection if the project is well underway.
What happens if I sell the property early?
No problem. Cancel your policy and receive a refund for any unused premium.
Can I combine policies for multiple flips?
Yes! We offer portfolio insurance that covers multiple Oregon flips under a single policy — saving time and money.
Can I keep tenants during the flip?
Possibly. Some fix and flip carriers don’t allow it, so you may need a hybrid or landlord policy.
What is OfferMarket Insurance?
It’s a rate-shopping platform designed for real estate investors. We specialize in matching your needs and lender requirements with the most affordable, investor-focused insurance.
Can I use my own agent?
Yes — but if your agent doesn’t specialize in commercial insurance for investment properties, delays and overcharges are common. We suggest comparing with our platform for peace of mind.
Can I pay through closing?
Yes, as long as your insurance is paid in full and included on your HUD-1/ALTA or accompanied by a receipt.
Do I need to escrow insurance?
Usually not. Oregon lenders expect borrowers to handle premiums directly and maintain coverage throughout the project. If your flip takes longer than 12 months, you may need to renew and show proof.
What’s an AM Best Rating?
It’s a financial strength rating for insurance companies. Your policy must be with a company rated A- VIII or higher.
What is builder’s risk insurance?
It’s a policy that protects your property, materials, and labor during renovations. Coverage ends when the home is sold, rented, occupied, or construction is abandoned.
Protect Your Oregon Investment with OfferMarket
Fix and flip insurance isn’t just a safeguard, it’s a strategic necessity for Oregon investors operating in competitive, high-stakes markets like Portland, Bend, Eugene, and beyond. With tight margins, evolving regulations, and renovation risks ranging from weather damage to contractor injuries, protecting your downside is just as vital as capturing upside potential.
Whether you’re renovating a single-family fixer in Grants Pass or managing a portfolio of flips across the Willamette Valley, OfferMarket’s insurance solutions grow with your business. We help Oregon real estate investors lock in comprehensive protection with minimal friction and maximum savings.
OfferMarket is a real estate investing platform built to serve professionals working with 1–4 unit residential properties. Our mission is simple: help you build long-term wealth through smarter investing, efficient lending, and better insurance.
Here’s how we help investors like you across Oregon succeed:
☂️ 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.
