Fix and Flip Insurance Texas
Last updated: October 15, 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 in Texas often called builder’s risk or renovation insurance is a highly specialized policy crafted for real estate investors flipping properties across the Lone Star State. Whether you’re revitalizing a craftsman bungalow in Austin or giving new life to a ranch-style home in Dallas, this coverage is essential. Unlike typical homeowners insurance, fix and flip insurance in Texas addresses the risks of unoccupied homes, ongoing construction, and frequent title changes. Core elements of BRRRR and flip strategies that are booming throughout cities like Houston, San Antonio, and beyond.
From first-time investors tackling their first rehab in Fort Worth to seasoned operators managing multiple properties across Texas metros, fix and flip insurance is critical for protecting capital, managing liability, and hitting your resale targets with confidence.
Premiums for fix and flip insurance in Texas are on the rise, jumping more than 25% in the last 18 months and that increase directly threatens your margins and deal feasibility. At OfferMarket, we review hundreds of Texas-based fix and flip policies each year. On average, we see investors quoted 33% more than necessary due to misalignment with actual lender guidelines and risk exposure.
The reason? Many Texas real estate investors get their policies through agencies focused on personal lines rather than commercial real estate. Even well-meaning agents might quote uncompetitive rates if they’re captive to a single carrier or simply lack expertise in Texas fix and flip deals.
That’s why we built the OfferMarket Insurance rate shopping engine to give Texas investors access to 40+ top-rated carriers. In under a minute, you can compare options, with every quote reviewed by experts who understand the fix and flip scene in Texas. Whether you’re operating in El Paso, Plano, or Corpus Christi, we’re here to help you save thousands on insurance while staying fully protected.
Fix and Flip Insurance Markets
Wherever your project in Texas is located, 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 Texas: Coverage Areas
Wherever your Texas rehab is based, our insurance network has you covered:
- Houston
- Dallas
- Austin
- San Antonio
- Fort Worth
- El Paso
- Arlington
- And beyond
Our specialized coverage spans the diverse landscapes and neighborhoods unique to Texas.
Why You Need Fix and Flip Insurance in Texas
1. Vacant Homes Are a Target
Fix and flip projects typically start with vacant houses something especially common in growing cities like Waco or rural Texas counties. Unfortunately, many traditional insurers refuse coverage or exclude key protections for unoccupied dwellings. That puts your investment at risk from vandalism, theft, or undetected structural damage.
2. Construction-Related Exposure
In Texas, with its volatile weather and sprawling properties, construction adds significant risk. From foundation repairs in Houston to major kitchen overhauls in Lubbock, your project could face:
- Contractor injuries
- Material theft
- Fire hazards
- Structural mishaps
Fix and flip insurance is designed to address these hazards from day one of the rehab.
3. Liability Shielding
If someone whether a contractor or an uninvited guest gets injured on-site, you could be liable. A solid policy includes general liability coverage to protect you from lawsuits and medical bills.
What Does Fix and Flip Insurance Cover?
Fix and flip insurance in Texas can be tailored to your unique project. Common coverage types include:
Property Coverage
Protects the physical structure and on-site materials from risks such as:
| Covered Risks |
|---|
| Fire |
| Theft |
| Vandalism |
| Wind/hail (a major concern in North and West Texas) |
| Lightning |
| Water damage (non-flood) |
General Liability
Covers third-party injury or property damage, including:
- Slip and fall claims
- Contractor injuries
- Neighboring property damage
Builder’s Risk
Usually bundled with property coverage, builder’s risk covers renovation materials (in transit or stored), work in progress, and newly installed components.
Vacant Property Endorsement
Ensures your coverage isn’t voided due to the property being unoccupied.
Tools and Equipment
Optional protection for job site tools and rented machinery, especially useful in larger flips across Texas suburbs and rural towns.
Ordinance or Law Coverage
Covers compliance costs when local Texas codes require updates during or after repairs.
Loss of Rents
If your strategy involves renting post-renovation (common in San Antonio or Austin), this optional coverage replaces lost rental income due to a covered loss.
What is NOT Covered?
Texas fix and flip policies typically exclude:
- General wear and tear
- Flood damage (requires separate flood policy)
- Earthquake damage (not common in Texas but still excluded)
- Fraud or intentional damage
- Acts of war or governmental seizure
Always review exclusions with a Texas-savvy insurance agent.
Who Needs Fix and Flip Insurance in Texas?
This policy is a must-have for:
- Texas-based real estate investors
- Flippers in Dallas, Houston, Austin, and beyond
- LLCs, partnerships, and trust entities
- Wholesalers executing double closes
- Private lenders safeguarding investments in TX markets
From $100K starter homes in East Texas to multimillion-dollar luxury rehabs in Hill Country, fix and flip insurance in Texas is a non-negotiable part of your risk strategy.
How Much Does Fix and Flip Insurance Cost in Texas?
Texas fix and flip insurance premiums depend on several variables:
- Property location (e.g. flood-prone Houston vs. dry West Texas)
- Property value
- Scope of work (full rehab vs. cosmetic)
- Project duration
- 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:
Most Texas policies can be cancelled for a prorated refund after a refinance or sale
Bundling multiple Texas properties lowers your per-property rate
Best Fix and Flip Insurance in Texas
The best insurance is the one tailored to your needs and priced competitively. Our recommendation: work with specialists who understand fix and flip investing in Texas cities like McKinney, Midland, and Round Rock. The right policy includes:
- Property coverage
- General liability
- Business interruption (when renting)
- Flood insurance if required
At OfferMarket, we partner with investor-focused carriers that understand the local real estate dynamics across Texas.
How to Get Fix and Flip Insurance Through OfferMarket
We’ve streamlined the process for Texas investors. Here’s how:
The OfferMarket Advantage:
- Fast quotes (usually under 24 hours)
- Portfolio coverage for 1–100+ properties across Texas
- Title flexibility (LLC, Land Trust, Revocable Trust, etc.)
- Lender guideline compliance
- Competitive pricing via top-rated carriers
- Certificate of Insurance (COI) generation within hours
- Secure Insurance File record-keeping system
Insurance Requirements for Texas Fix and Flip Loans
Lenders across Texas require:
- Property coverage equal to or above loan amount
- General liability coverage of at least $1M
- Proof of insurance at closing
- Ongoing coverage until loan maturity
If you lapse in coverage:
- You may be in default
- The lender could assign force-placed (expensive) insurance
- You could be personally liable for uncovered damages
OfferMarket coordinates directly with lenders so your fix and flip financing in Texas is always protected.
Structuring Coverage for a Texas Multi-Property Portfolio
If you’re flipping properties in multiple Texas cities, consider:
- Blanket policy: One policy covers all homes
- Scheduled policy: Each property is listed with custom limits
- Master policy: Combines different protections into one easy-to-manage bill
OfferMarket specializes in reducing cost and admin friction for high-volume Texas investors.
Fix and Flip Insurance Checklist
| Requirements | Status |
|---|---|
| Full replacement cost coverage | ✅ |
| $1M+ general liability | ✅ |
| Vacant property endorsement | ✅ |
| Builder’s risk active during renovations | ✅ |
| Equipment/tools protection (if applicable) | ✅ |
| Lender listed as loss payee | ✅ |
| Flood/earthquake coverage if required | ✅ |
| Policy start/end dates aligned with project | ✅ |
| Certificate of insurance issued and stored | ✅ |
Texas Fix and Flip Insurance Guidelines
Property Coverage
| Requirements | Details |
|---|---|
| Mandatory | Yes |
| AM Best Rating | A- VIII or greater |
| Term | 1 Year |
| Limits | Replacement Cost or Loan Amount |
| Deductible | $5,000 |
| Accepted Types | Dwelling Fire (Special Form), Commercial Property (Basic/Special Form) |
| Cancellation Notice | 30 days |
| Exclusions | No hail/windstorm/named storm exclusions |
| Lender Designation | Mortgagee |
General Liability
| Requirements | Details |
|---|---|
| Mandatory | Yes |
| AM Best Rating | A- VIII or greater |
| Term | 1 Year |
| Limits | $1M per occurrence / $2M aggregate |
| Deductible | $1,000 |
| Basis | Occurrence |
| Cancellation Notice | 30 days |
| Lender Designation | Additional Insured |
Business Interruption Insurance
| Requirements | Details |
|---|---|
| Mandatory | Yes |
| AM Best Rating | A- VIII or greater |
| Term | 1 Year |
| Limits | One year gross rental revenue |
| Basis | Actual Loss Sustained |
| Cancellation Notice | 30 days |
| Lender Designation | Mortgagee |
Flood Insurance (if in flood zone)
| Requirement | Details |
|---|---|
| Mandatory | Yes |
| AM Best Rating | A- VIII or greater |
| Term | 1 Year |
| Limits | Greater of $250K or loan balance |
| Cancellation Notice | 30 days |
| Lender Designation | Mortgagee |
Additional Details
Lenders require their mortgagee clause on your policy, such as:
| Requirements | Texas Specific 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 the individual unit (e.g. in Houston or Dallas) can be separately insured. - Texas condo associations must carry “all risk” coverage for common areas, fixtures, and shared equipment at 100% replacement cost. |
| PUDs | - The project’s master policy may be used if it includes individual units. - Texas HOA must carry comprehensive “all risk” insurance at full insurable value. |
| Instructions | - Use the ACORD form for documentation compliance. - Submit insurance certificates, invoices, or paid receipts no later than 24 hours before closing. - Final policy documents must be submitted within 60 days after closing. - If the Texas property becomes vacant, notify the insurance carrier and obtain a vacancy permit for the entire unoccupied period. |
Why Choose OfferMarket for Texas Fix and Flip Insurance?
OfferMarket is the go-to partner for thousands of real estate investors across Texas and the U.S. We simplify acquisition, financing, and insurance, so you can focus on profitable flips.
What Sets Us Apart:
- Real-time platform for managing Texas deals and insurance
- Dedicated investor support team
- Integrated lending and insurance systems
- Fast, carrier-agnostic rate shopping
- Investor-friendly carrier matching
Frequently Asked Questions
Do I need insurance before I close in Texas?
Yes. Whether you’re closing with cash or through a lender, you’ll need proof of insurance before funding.
Can I insure a house that’s already under construction?
Yes. Disclose the renovation status. Some carriers may require inspection or limit mid-project coverage.
What if I sell the home early?
You can cancel and receive a prorated refund on your Texas policy.
Can I bundle multiple flips in Texas?
Absolutely. Our portfolio coverage simplifies management and reduces cost.
Can I insure tenant-occupied flips?
You’ll need a hybrid or landlord policy. Fix and flip coverage typically excludes active tenants.
How does OfferMarket Insurance work?
We’re a platform that shops 40+ carriers, verifying that your Texas policy meets lender requirements and investor goals. You’ll receive curated coverage recommendations with full support.
Can I use my preferred insurance agent in Texas?
Yes, as long as they understand Texas lender guidelines and fix and flip policy requirements. That said, personal-line agents often struggle with commercial rehab deals, so many investors prefer our streamlined approach.
Can I pay for insurance at closing?
Yes. Texas fix and flip lenders allow payment on the HUD-1/ALTA or directly via your agent, just submit proof.
Is an escrow account required?
Usually not. You're expected to manage and renew your policy if your Texas rehab runs longer than 12 months.
What is AM Best?
AM Best is a financial rating agency that evaluates insurer strength and stability.
What is builder’s risk insurance?
It’s part of your fix and flip insurance policy and covers:
- Buildings under active renovation
- Materials and equipment on-site
- The property foundation
Your builder’s risk coverage ends when:
- The property is sold
- 90 days pass after construction ends
- The building is occupied
- You stop the project indefinitely
Most builder’s risk policies use a Completed Value Form, where the policy limit equals the home’s ARV.
Protect and Grow Your Texas Portfolio with OfferMarket
Fix and flip insurance isn’t just smart, it’s essential for success in the Texas market. Tight timelines and stormy risks demand protection. Whether you’re flipping one house in San Marcos or ten homes across Houston suburbs, OfferMarket is here to help you scale safely.
Protect your capital. Protect your reputation. Protect your future.
OfferMarket is a real estate investing platform built for rental property investors. We specialize in 1–4 unit residential assets and offer:
☂️ 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.
