UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q


QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number         811-21215         

        Nuveen Insured Florida Tax-Free Advantage Municipal Fund         
(Exact name of registrant as specified in charter)

Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)


Kevin J. McCarthy Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)

Registrant's telephone number, including area code:         312-917-7700        

Date of fiscal year end:             4/30          

Date of reporting period:          7/31/09         

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

  Portfolio of Investments (Unaudited)        
  Nuveen Inusured Florida Tax-Free Advantage Municipal Fund (NWF)        
July 31, 2009
 
 
 
Principal     Optional Call      
Amount (000)   Description (1)   Provisions (2)   Ratings (3)   Value  
  Consumer Staples – 1.3% (0.9% of Total Investments)        
$      1,685  Golden State Tobacco Securitization Corporation, California,Enhanced  Tobacco Settlement  6/22 at 100.00  BBB  $     715,198 
   Asset-Backed Bonds, Series 2007A-2, 0.000%, 6/01/37       
  Education and Civic Organizations – 14.1% (9.2% of Total Investments)        
2,240  FSU Financial Assistance Inc., Florida, General Revenue Bonds, Educational and Athletic  No Opt. Call  A1  2,466,374 
   Facilities Improvements, Series 2004, 5.000%, 10/01/14 – AMBAC Insured       
1,985  North Miami, Florida, Educational Facilities Revenue Refunding Bonds, Johnson and Wales  4/13 at 100.00  N/R  1,898,017 
   University, Series 2003A, 5.000%, 4/01/19 – SYNCORA GTY Insured       
1,500  Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Embry-Riddle  10/15 at 100.00  BBB–  1,168,605 
   Aeronautical University, Series 2005, 5.000%, 10/15/35 – RAAI Insured       
  Volusia County Educational Facilities Authority, Florida, Revenue Refunding Bonds,       
  Embry-Riddle Aeronautical University, Series 2003:       
1,000   5.200%, 10/15/26 – RAAI Insured  10/13 at 100.00  BBB–  918,810 
1,250   5.200%, 10/15/33 – RAAI Insured  10/13 at 100.00  BBB–  1,077,488 
7,975  Total Education and Civic Organizations      7,529,294 
  Health Care – 5.3% (3.4% of Total Investments)        
  Halifax Hospital Medical Center, Florida, Revenue Bonds, Series 2006:       
1,000   5.250%, 6/01/26  6/16 at 100.00  A–  885,270 
350   5.500%, 6/01/38 – FSA Insured  6/18 at 100.00  AAA  338,198 
1,300  Highlands County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist  11/15 at 100.00  A1  1,154,075 
   Health System, Series 2005D, 5.000%, 11/15/35 – MBIA Insured       
500  Lee Memorial Health System, Florida, Hospital Revenue Bonds, Series 2007A, 5.000%, 4/01/32 –  4/17 at 100.00  A  442,965 
   MBIA Insured       
3,150  Total Health Care      2,820,508 
  Housing/Single Family – 0.5% (0.4% of Total Investments)        
270  Florida Housing Finance Agency, GNMA Collateralized Home Ownership Revenue Refunding Bonds,  No Opt. Call  AAA  292,869 
   Series 1987G-1, 8.595%, 11/01/17       
  Tax Obligation/Limited – 56.4% (36.9% of Total Investments)        
400  Collier County, Florida, Capital Improvement Revenue Bonds, Series 2005, 5.000%, 10/01/23 –  10/14 at 100.00  AA  408,736 
   MBIA Insured       
1,000  Escambia County, Florida, Sales Tax Revenue Refunding Bonds, Series 2002, 5.250%, 10/01/17 –  10/12 at 101.00  A+  1,104,930 
   AMBAC Insured       
500  Flagler County, Florida, Capital Improvement Revenue Bonds, Series 2005, 5.000%, 10/01/30 –  10/15 at 100.00  A  479,785 
   MBIA Insured       
1,500  Hillsborough County School Board, Florida, Certificates of Participation, Series 2003, 5.000%,  7/13 at 100.00  AA–  1,479,465 
   7/01/29 – MBIA Insured       
2,270  Jacksonville, Florida, Local Government Sales Tax Revenue Refunding and Improvement Bonds,  10/12 at 100.00  AA+  2,452,803 
   Series 2002, 5.375%, 10/01/18 – FGIC Insured       
2,265  Lakeland, Florida, Utility Tax Revenue Bonds, Series 2003B, 5.000%, 10/01/20 – AMBAC Insured  10/12 at 100.00  N/R  2,274,060 
100  Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Series 2008, 5.000%,  7/18 at 100.00  AAA  97,444 
   7/01/35 – FSA Insured       
2,000  Orange County, Florida, Sales Tax Revenue Bonds, Series 2002A, 5.125%, 1/01/17 – FGIC Insured  1/13 at 100.00  AA  2,099,140 
1,500  Orange County, Florida, Sales Tax Revenue Bonds, Series 2002B, 5.125%, 1/01/32 – FGIC Insured  1/13 at 100.00  AA  1,489,065 
3,335  Palm Bay, Florida, Local Optional Gas Tax Revenue Bonds, Series 2004, 5.250%, 10/01/20 –  10/14 at 100.00  AA–  3,542,204 
   MBIA Insured       
2,670  Palm Beach County School Board, Florida, Certificates of Participation, Series 2002D, 5.000%,  8/12 at 100.00  AAA  2,672,937 
   8/01/28 – FSA Insured       
2,000  Palm Beach Gardens, Florida, Special Obligation Revenue Bonds, Series 2004, 5.000%, 5/01/20 –  2/13 at 100.00  Aa2  2,077,860 
   AMBAC Insured       
1,000  Port Saint Lucie. Florida, Special Assessment Revenue Bonds, Southwest Annexation District 1B,  7/17 at 100.00  A  819,150 
   Series 2007, 5.000%, 7/01/33 – MBIA Insured       
2,115  Port St. Lucie, Florida, Sales Tax Revenue Bonds, Series 2003, 5.000%, 9/01/23 – MBIA Insured  9/13 at 100.00  A+  2,100,132 
500  School Board of Duval County, Florida, Certificates of Participation, Master Lease Program,  7/17 at 100.00  Aa3  484,385 
   Series 2008, 5.000%, 7/01/33 – FSA Insured       
1,730  St. John’s County, Florida, Sales Tax Revenue Bonds, Series 2004A, 5.000%, 10/01/24 –  10/14 at 100.00  A+  1,762,195 
   AMBAC Insured       
4,000  St. Lucie County School Board, Florida, Certificates of Participation, Master Lease Program,  7/14 at 100.00  AAA  4,036,240 
   Series 2004A, 5.000%, 7/01/24 – FSA Insured       
1,000  Vista Lakes Community Development District, Florida, Capital Improvement Revenue Bonds, Series  5/17 at 100.00  BBB–  777,860 
   2007A2, 5.000%, 5/01/34 – RAAI Insured       
29,885  Total Tax Obligation/Limited      30,158,391 
  Transportation – 11.2% (7.3% of Total Investments)        
2,000  Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 2002A,  10/12 at 100.00  AAA  2,011,060 
   5.125%, 10/01/32 – FSA Insured       
2,105  Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Refunding Bonds,  10/13 at 100.00  AAA  2,235,573 
   Series 2003A, 5.000%, 10/01/17 – FSA Insured       
1,730  Lee County, Florida, Transportation Facilities Revenue Bonds, Series 2004B, 5.000%, 10/01/22 –  10/14 at 100.00  A–  1,733,010 
   AMBAC Insured       
5,835  Total Transportation      5,979,643 
  U.S. Guaranteed – 34.9% (22.9% of Total Investments) (5)        
1,660  Grand Prairie Independent School District, Dallas County, Texas, General Obligation Bonds,  2/13 at 100.00  AAA  1,895,687 
   Series 2003, 5.375%, 2/15/26 (Pre-refunded 2/15/13) – FSA Insured       
180  Highlands County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist  11/15 at 100.00  A1 (5)  208,676 
   Health System, Series 2005D, 5.000%, 11/15/35 (Pre-refunded 11/15/15) – MBIA Insured       
3,500  Highlands County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist  11/13 at 100.00  N/R (5)  4,025,875 
   Health System/Sunbelt Obligated Group, Series 2003D, 5.875%, 11/15/29 (Pre-refunded 11/15/13)       
500  North Port, Florida, Utility System Revenue Bonds, Series 2000, 5.000%, 10/01/25 (Pre-refunded  10/10 at 101.00  Aa3 (5)  531,015 
   10/01/10) – FSA Insured       
3,370  Osceola County School Board, Florida, Certificates of Participation, Series 2002A, 5.125%,  6/12 at 101.00  A2 (5)  3,757,348 
   6/01/20 (Pre-refunded 6/01/12) – AMBAC Insured       
1,950  Palm Beach County School Board, Florida, Certificates of Participation, Series 2002D, 5.250%,  8/12 at 100.00  AAA  2,184,780 
   8/01/20 (Pre-refunded 8/01/12) – FSA Insured       
2,800  Pinellas County Health Facilities Authority, Florida, Revenue Bonds, Baycare Health System,  5/13 at 100.00  Aa3 (5)  3,248,980 
   Series 2003, 5.750%, 11/15/27 (Pre-refunded 5/15/13)       
1,000  Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2002II, 5.125%, 7/01/26  7/12 at 101.00  AAA  1,131,560 
   (Pre-refunded 7/01/12) – FSA Insured       
1,500  South Miami Health Facilities Authority, Florida, Hospital Revenue Bonds, Baptist Health  2/13 at 100.00  Aaa  1,699,425 
   Systems of South Florida, Series 2003, 5.200%, 11/15/28 (Pre-refunded 2/01/13)       
16,460  Total U.S. Guaranteed      18,683,346 
  Water and Sewer – 29.0% (19.0% of Total Investments)        
1,000  Bay County, Florida, Water System Revenue Bonds, Series 2005, 5.000%, 9/01/25 – AMBAC Insured  9/15 at 100.00  A3  1,008,300 
  Clay County, Florida, Uiltity System Revenue Bonds, Series 2007:       
1,500   5.000%, 11/01/27 – SYNCORA GTY Insured (UB)  11/17 at 100.00  AAA  1,536,570 
3,000   5.000%, 11/01/32 – SYNCORA GTY Insured (UB)  11/17 at 100.00  AAA  3,004,200 
1,525  Fernandina Beach, Florida, Utility Acquisition and Improvement Revenue Bonds, Series 2003,  9/13 at 100.00  A  1,542,888 
   5.000%, 9/01/23 – FGIC Insured       
3,000  Marco Island, Florida, Water Utility System Revenue Bonds, Series 2003, 5.000%, 10/01/27 –  10/13 at 100.00  A  2,989,170 
   MBIA Insured       
2,000  Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 1999A, 5.000%,  10/09 at 101.00  A+  2,006,780 
   10/01/29 – FGIC Insured       
500  Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2008B, 5.250%,  No Opt. Call  AAA  543,775 
   10/01/22 – FSA Insured       
1,095  Palm Bay, Florida, Utility System Revenue Bonds, Series 2004, 5.250%, 10/01/20 – MBIA Insured  10/14 at 100.00  A  1,163,032 
1,500  Port St. Lucie, Florida, Stormwater Utility System Revenue Refunding Bonds, Series 2002,  5/12 at 100.00  A  1,489,575 
   5.000%, 5/01/23 – MBIA Insured       
225  Port St. Lucie, Florida, Utility System Revenue Bonds, Refunding Series 2009, 5.250%,  9/18 at 100.00  AAA  227,304 
   9/01/35 – AGC Insured       
15,345  Total Water and Sewer      15,511,594 
$      80,605  Total Investments (cost 81,256,232) – 152.7%      81,690,843 
  Floating Rate Obligations – (4.2)%      (2,250,000)
  Other Assets Less Liabilities – 1.5%      797,840 
  Preferred Shares, at Liquidation Value – (50.0)% (5)      (26,750,000)
  Net Assets Applicable to Common Shares – 100%      $ 53,488,683 

Fair Value Measurements

In determining the value of the Fund’s investments various inputs are used. These inputs are summarized in the three broad levels listed below:

Level 1 – Quoted prices in active markets for identical securities.

Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 – Significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of July 31, 2009:

  Level 1   Level 2   Level 3   Total  
Investments:         
  Municipal Bonds  $ —  $81,690,843  $ —  $81,690,843 

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate transactions subject to Statement of Financial Accounting Standards No. 140 (SFAS No. 140), if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At July 31, 2009, the cost of investments was $79,004,958.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2009, were as follows:

Gross unrealized:   
  Appreciation  $ 2,751,787 
  Depreciation  (2,316,749)
 
Net unrealized appreciation (depreciation) of investments  $    435,038 

  At least 80% of the Fund’s net assets (including net assets attributable to Preferred shares) are invested 
  in municipal securities that guarantee the timely payment of principal and interest. 
(1)  All percentages shown in the Portfolio of Investments are based on net assets applicable to Common 
  shares unless otherwise noted. 
(2)  Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. 
  There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities 
  may be subject to periodic principal paydowns. 
(3)  Ratings: Using the higher of Standard & Poor’s Group (“Standard & Poor’s”) or Moody’s Investor Service, 
  Inc. (“Moody’s”) rating. Ratings below BBB by Standard & Poor’s or Baa by Moody’s are considered to be 
  below investment grade. 
  The Portfolio of Investments may reflect the ratings on certain bonds whose insurer has experienced 
  downgrades as of the end of the reporting period. Subsequent to the reporting period, and during the 
  period this Portfolio of Investments was prepared, there may have been reductions to the ratings of 
  certain bonds resulting from changes to the ratings of the underlying insurers both during the period and 
  after period end. Such reductions would likely reduce the effective rating of many of the bonds insured by 
  that insurer or insurers presented at period end. 
(4)  Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities 
  which ensure the timely payment of principal and interest. Such investments are normally considered to 
  be equivalent to AAA rated securities. 
(5)  Preferred Shares, at Liquidation Value as a percentage of Total Investments is 32.7%. 
N/R  Not rated. 
(UB)  Underlying bond of an inverse floating rate trust reflected as a financing transaction pursuant to the 
  provisions of SFAS No. 140. 

Item 2. Controls and Procedures.

  1. The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
  2. There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)         Nuveen Insured Florida Tax-Free Advantage Municipal Fund         

By (Signature and Title)          /s/ Kevin J. McCarthy                    
                                                  Kevin J. McCarthy
                                                  Vice President and Secretary

Date          September 29, 2009        

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)         /s/ Gifford R. Zimmerman                    
                                                 Gifford R. Zimmerman
                                                 Chief Administrative Officer (principal executive officer) 

Date          September 29, 2009        

By (Signature and Title)         /s/ Stephen D. Foy                              
                                                 Stephen D. Foy
                                                 Vice President and Controller (principal financial officer) 

Date         September 29, 2009        

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