Fix and Flip Insurance Utah
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, also known as builder’s risk or renovation insurance, protects Utah real estate investors who buy, renovate, and resell properties. Unlike homeowner’s insurance, it covers vacant properties, construction risks, and rapid ownership changes in Utah’s vibrant markets like Salt Lake City, Provo, and Park City.
Whether flipping a St. George condo or managing multiple Ogden rehabs, this insurance safeguards your capital, mitigates liability, and keeps projects on track. Utah premiums have risen 25% in 18 months, impacting profits. OfferMarket’s analysis shows investors often overpay by 33% due to non-specialized agents or captive carriers.
Our OfferMarket Insurance platform compares quotes from 40+ carriers in under a minute, ensuring competitive, lender-compliant coverage. Save thousands monthly with our expert-reviewed policies!
Fix and Flip Insurance Markets
Wherever your rehab is located in Utah or beyond, we’ve got you covered.
- Fix and Flip Insurance Alabama
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- Fix and Flip Insurance Massachusetts
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- Fix and Flip Insurance Minnesota
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- Fix and Flip Insurance Montana
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- 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
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- Fix and Flip Insurance Pennsylvania
- Fix and Flip Insurance Rhode Island
- Fix and Flip Insurance South Carolina
- Fix and Flip Insurance South Dakota
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- Fix and Flip Insurance Utah
- Fix and Flip Insurance Vermont
- Fix and Flip Insurance Virginia
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- Fix and Flip Insurance West Virginia
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- Fix and Flip Insurance Wyoming
Fix and Flip Insurance Utah: Coverage Areas
Wherever your Utah rehab is based, our insurance network has you covered:
- Salt Lake City
- Provo
- Ogden
- St. George
- Park City
- West Valley City
- Logan
- And beyond
Our specialized coverage spans Utah’s diverse urban and mountain landscapes.
Why You Need Fix and Flip Insurance in Utah
1. Vacant Properties Are High Risk
Most Utah fix and flip projects start with vacant properties, which face risks like vandalism, theft, or undetected damage (e.g., burst pipes). Standard homeowner’s policies often exclude or void coverage for unoccupied homes.
2. Construction and Renovation Risks
Renovations, from updating a Provo bungalow’s plumbing to replacing a Park City roof, introduce risks like:
- Structural damage
- Contractor injuries
- Fire hazards
- Material theft
Fix and flip insurance covers these risks throughout the rehab process.
3. Liability Protection
Injuries to contractors or trespassers on your Utah job site can lead to lawsuits. General liability coverage shields you from costly legal and medical claims.
4. Fix and Flip vs. Homeowner’s Insurance in Utah
Standard homeowner’s policies don’t suit Utah fix and flip projects. Fix and flip insurance covers vacant properties, renovation risks (e.g., fire from construction), and liability for contractors, meeting Utah lender requirements. Homeowner’s policies often exclude unoccupied homes or construction, exposing investors to risks like vandalism in Ogden or snow damage in Salt Lake City. Tailored policies ensure your investment is protected.
Utah’s Unique Risks for Fix and Flip Projects
Utah’s climate and geography pose challenges for fix and flip investors. Salt Lake City’s winter storms can damage structures, while St. George faces wildfire risks. Urban areas like Provo see vandalism, and rural Logan projects may face material theft. These risks increase costs and delays. Fix and flip insurance covers weather damage, theft, and construction setbacks, keeping your Park City or West Valley City project on track. OfferMarket connects you with Utah-savvy carriers.
What Does Fix and Flip Insurance Cover?
Fix and flip insurance policies are highly customizable. Common types of coverage include:
Property Coverage
Protects the structure and materials from risks such as:
| Covered Risks |
|---|
| Fire |
| Theft |
| Vandalism |
| Wind and hail |
| Lightning |
| 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 stolen or damaged tools/machinery.
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?
It's important to note that fix and flip insurance typically does not cover:
- 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
From a $100,000 Ogden bungalow to a $2M Park City estate, fix and flip insurance is essential.
Utah Market Trends Impacting Insurance Needs
Utah’s booming real estate market drives insurance needs. Park City’s soaring property values increase replacement costs, requiring higher coverage limits. Ogden’s rental demand emphasizes loss of rents coverage for BRRRR investors. Urban growth in Lehi demands ordinance coverage for code updates. These trends raise premiums but highlight tailored insurance’s value. OfferMarket matches investors with carriers offering competitive rates for Utah’s dynamic market.
How Much Does Fix and Flip Insurance Cost in Utah?
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: Premiums are refunded pro-rata upon early cancellation (e.g., sale or refinance). Portfolio policies reduce per-property costs
Best Fix and Flip Insurance in Utah
When shopping for fix and flip insurance, your choice depends on the risks you're willing to accept, the price you're 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!
Utah Case Studies: Insurance in Action
Salt Lake City Flip: A winter storm caused $8,000 in roof damage to a fixer-upper. The investor’s fix and flip policy covered repairs, ensuring a profitable sale.
Park City Rehab: Vandalism hit a luxury condo mid-renovation. Builder’s risk and vandalism coverage saved $12,000, preserving margins. OfferMarket’s fast quotes ensured lender compliance, avoiding delays.
These cases show how insurance protects Utah investors, safeguarding capital and timelines.
How to Get Fix and Flip Insurance Through OfferMarket
OfferMarket connects you with Utah-savvy underwriters for tailored policies.
OfferMarket Advantage:
- Quotes in 24 hours
- Policies for 1-100+ properties
- Supports personal, LLC, corporate, or trust ownership
- Lender-compliant coverage
- Competitive pricing from top carriers
- Easy COI generation (proof of insurance)
- Secure record keeping in your secure insurance file
Insurance Requirements for Fix and Flip Loans
Utah lenders require fix and flip insurance to protect their collateral, including property coverage matching the loan amount, general liability ($1M+ per occurrence), named insured/loss payee clauses, proof of insurance before closing, and continuous coverage.
Failing to comply risks:
- Loan default
- Forced-placed insurance (costlier)
- Personal liability
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 actively flipping more than one property in Utah, such as a duplex in Logan, a single-family rental in West Valley City, or a townhome in Layton. It’s often more efficient and cost-effective to structure your insurance under a single, consolidated policy.
There are three primary structures:
Blanket Policies: One policy covers all your fix and flip properties with pooled limits and shared terms. This is ideal for investors managing multiple concurrent rehabs across Utah.
Scheduled Policies: Each property is listed individually on one master policy, each with its own specific limits and premium. This works well when properties vary greatly in value or renovation scope.
Master Policies: A master policy aggregates coverage types such as builder’s risk, vacant property coverage, and liability into one policy and one bill. It reduces administrative complexity while maintaining high levels of protection.
OfferMarket works with high-volume Utah investors to reduce friction and lower per-property insurance costs while ensuring every lender guideline is still satisfied.
Fix and Flip Insurance Checklist
Before you close your next deal in Utah, use this checklist to ensure your fix and flip insurance policy includes everything your lender and project require:
| Requirements | Status |
|---|---|
| Property insurance covering full replacement cost | ✅ |
| General liability of at least $1,000,000 | ✅ |
| Vacant property endorsement for unoccupied homes | ✅ |
| Builder’s risk for the full scope of renovations | ✅ |
| Optional tools/equipment coverage if applicable | ✅ |
| Lender properly listed as loss payee | ✅ |
| Flood or earthquake insurance if required | ✅ |
| Coverage start and end dates aligned with project timeline | ✅ |
| Certificate of Insurance issued and on file | ✅ |
Fix and Flip Insurance Guidelines
These guidelines outline best practices for fix and flip insurance in Utah, ensuring compliance with lender requirements and protection against state-specific risks like winter storms, wildfires, and vandalism. They are tailored for 1-4 unit residential projects in markets like Salt Lake City, Provo, and Park City.
Property Coverage
| Requirements | Details |
|---|---|
| Mandatory | Yes |
| AM Best Rating | A- VIII or greater |
| Term | 1 Year |
| Limits | - Replacement cost (based on appraised or estimated value) - Loan amount (if less, must have Agreed Value or zero coinsurance) |
| Deductible | $5,000 |
| Accepted Policy Types | - Dwelling Fire: Must be “Special Form” - Commercial Property: Must be “Basic” or “Special Form” |
| Cancellation | 30-day notice |
| Exclusions | - No windstorm/hail exclusion - No named storm exclusion |
| Lender's Designation | Mortgagee |
General Liability Coverage
| Requirements | Details |
|---|---|
| Mandatory | Yes |
| AM Best Rating | A- VIII or greater |
| Term | 1 Year |
| Limits | $1M per occurrence, $2M aggregate |
| Deductible | $1,000 |
| Coverage Basis | Occurrence |
| Cancellation | 30-day notice |
| Lender's Designation | Additional Insured |
Business Interruption Insurance
This optional coverage is particularly valuable if you intend to place tenants in the property during the project or after renovations are completed. For BRRRR investors operating in Utah’s rental-heavy markets, this is an essential layer of protection.
| Requirements | Details |
|---|---|
| Mandatory | Yes |
| AM Best Rating | A- VIII or greater |
| Term | 1 Year |
| Limits | One year of effective gross rental income |
| Coverage Details | Actual Loss Sustained basis acceptable |
| Cancellation | 30-day notice |
| Lender’s Designation | Mortgagee |
Flood Insurance
If your Utah property is located within a FEMA-designated Special Flood Hazard Area (SFHA), your lender will require flood insurance. This is especially relevant in low-lying parts of counties like Davis, Weber, or Washington.
| Requirement | Details |
|---|---|
| Mandatory | Yes, if in a flood zone (FEMA flood determination required) |
| AM Best Rating | A- VIII or greater |
| Term | 1 Year |
| Limits | Greater of $250,000 or the full loan balance |
| Cancellation | 30-day notice |
| Lender’s Designation | Mortgagee |
Additional Details
| Requirement | Details for Utah Investors |
|---|---|
| Mortgagee Clause | OfferMarket Capital LLC ISAOA/ATIMA 627 S Hanover St Baltimore, MD 21230 |
| Condos | - Blanket policy may be used if it specifically includes coverage for the individual unit. - The homeowner association must maintain an “all risk” policy covering common areas, fixtures, personal property, and equipment at 100% of their insurable value on a replacement cost basis. |
| PUDs (Planned Unit Developments) | - The project’s blanket policy may be used if the individual unit is specifically included. - The homeowner association must maintain “all risk” coverage for common areas and shared infrastructure at full replacement cost. |
| Instructions | - Use the ACORD form to ensure compliance with Utah lender expectations. - Submit insurance certifications, invoices, or paid receipts no later than 24 hours before closing. - Submit final policy documents no later than 60 days after closing. - Notify the insurance carrier if the property becomes vacant or unoccupied; you must obtain a vacancy permit for the entire duration of vacancy. |
Why Choose OfferMarket for Fix and Flip Insurance?
OfferMarket is the trusted insurance partner for real estate investors and private lenders throughout Utah. Whether you’re working in Salt Lake County, Utah County, or Weber County, our platform eliminates delays and manual friction from the insurance shopping process to making your investment lifecycle smoother and more efficient.
What Sets Us Apart:
- Real-time insurance and deal management in one platform
- A dedicated support team with Utah real estate investment experience
- Integrated insurance, lending, and off-market deal flow
- No wasted time calling carriers – we do the shopping for you
- Smart matching with investor-friendly insurance carriers
Frequently Asked Questions
Do I need insurance before closing?
Yes, lenders and title companies require proof of insurance. OfferMarket provides COIs in hours.
Can I get insurance mid-renovation?
Yes, but disclose ongoing work. Inspections may be required.
What if I sell early?
Cancel for a pro-rata premium refund.
Can I insure multiple flips?
Yes, portfolio policies save time and money.
Can I keep tenants during a flip?
Possibly, but you may need a landlord or hybrid policy.
How does OfferMarket Insurance work?
We shop 40+ carriers for competitive, lender-compliant policies tailored to Utah investors.
Can I use my own agent?
Yes, but non-specialized agents may overcharge. Compare with OfferMarket for better rates.
Can I pay at closing?
Yes, via HUD-1/ALTA or direct with a receipt.
Do I need to escrow premiums?
No, but maintain coverage and provide renewal proof for projects over 12 months.
What’s an AM Best Rating?
A financial strength rating; A- VIII or higher is required.
What’s builder’s risk insurance?
Covers property and materials during renovation, ending at sale, occupancy, or abandonment.
Protect and Grow Your Utah Real Estate Portfolio with OfferMarket
Fix and flip insurance is not optional — it's your shield against costly setbacks. With Utah’s competitive rehab market and unpredictable construction risks, successful investors know how vital it is to protect their capital and timelines.
Whether you’re flipping two homes in Spanish Fork or scaling a dozen projects across the Wasatch Front, OfferMarket’s insurance solutions scale with your business.
Protect your capital. Protect your reputation. Protect your future.
OfferMarket is a real estate investing platform purpose-built for 1-4 unit rental and rehab investors. Our mission is to help you build wealth through real estate with tools and services that work — including:
☂️ 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.
