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:          7/31/08         

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 Insured Florida Tax-Free Advantage Municipal Fund (NWF)              
    July 31, 2008              
Principal         Optional Call          
Amount (000)     Description (1)     Provisions (2)     Ratings (3)     Value  
    Consumer Staples – 1.8% (1.1% of Total Investments)              
$         1,685     Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement     6/22 at 100.00     BBB    $   929,294  
      Asset-Backed Bonds, Series 2007A-2, 0.000%, 6/01/37              
    Education and Civic Organizations – 14.4% (9.5% of Total Investments)              
2,240     FSU Financial Assistance Inc., Florida, General Revenue Bonds, Educational and Athletic     No Opt. Call     AA     2,389,587  
      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     BBB–     2,001,952  
      University, Series 2003A, 5.000%, 4/01/19 – XLCA Insured              
1,500     Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Embry-Riddle     10/15 at 100.00     A     1,287,420  
      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     A     924,950  
1,250       5.200%, 10/15/33 – RAAI Insured     10/13 at 100.00     A     1,097,288  
7,975     Total Education and Civic Organizations             7,701,197  
    Health Care – 5.3% (3.4% of Total Investments)              
1,000     Halifax Hospital Medical Center, Florida, Revenue Bonds, Series 2006, 5.250%, 6/01/26     6/16 at 100.00     BBB+     938,240  
1,480     Highlands County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist     11/15 at 100.00     AA     1,424,470  
      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     AA     484,455  
      MBIA Insured              
2,980     Total Health Care             2,847,165  
    Housing/Single Family – 1.0% (0.7% of Total Investments)              
515     Florida Housing Finance Agency, GNMA Collateralized Home Ownership Revenue Refunding Bonds,     No Opt. Call     AAA     550,890  
      Series 1987G-1, 8.595%, 11/01/17              
    Tax Obligation/Limited – 56.8% (37.2% of Total Investments)              
400     Collier County, Florida, Capital Improvement Revenue Bonds, Series 2005, 5.000%, 10/01/23 –     10/14 at 100.00     AA     406,976  
      MBIA Insured              
1,000     Escambia County, Florida, Sales Tax Revenue Refunding Bonds, Series 2002, 5.250%, 10/01/17 –     10/12 at 101.00     AA     1,063,850  
      AMBAC Insured              
500     Flagler County, Florida, Capital Improvement Revenue Bonds, Series 2005, 5.000%, 10/01/30 –     10/15 at 100.00     AA     484,975  
      MBIA Insured              
1,500     Hillsborough County School Board, Florida, Certificates of Participation, Series 2003, 5.000%,     7/13 at 100.00     AA     1,475,100  
      7/01/29 – MBIA Insured              
2,270     Jacksonville, Florida, Local Government Sales Tax Revenue Refunding and Improvement Bonds,     10/12 at 100.00     AA+     2,351,357  
      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     AA     2,316,529  
100     Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Series 2008, 5.000%,     7/18 at 100.00     AAA     99,264  
      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     2,096,300  
1,500     Orange County, Florida, Sales Tax Revenue Bonds, Series 2002B, 5.125%, 1/01/32 – FGIC Insured     1/13 at 100.00     AA     1,514,385  
3,335     Palm Bay, Florida, Local Optional Gas Tax Revenue Bonds, Series 2004, 5.250%, 10/01/20 –     10/14 at 100.00     AA     3,513,122  
      MBIA Insured              
2,670     Palm Beach County School Board, Florida, Certificates of Participation, Series 2002D, 5.000%,     8/12 at 100.00     AAA     2,682,469  
      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     AA     2,056,420  
      AMBAC Insured              
1,000     Port Saint Lucie. Florida, Special Assessment Revenue Bonds, Southwest Annexation District 1B,     7/17 at 100.00     AA     981,790  
      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     AA     2,161,530  
500     School Board of Duval County, Florida, Certificates of Participation, Master Lease Program,     7/17 at 100.00     Aaa     484,065  
      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     AA     1,724,187  
      AMBAC Insured              
4,000     St. Lucie County School Board, Florida, Certificates of Participation, Master Lease Program,     7/14 at 100.00     AAA     4,026,280  
      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     A     847,660  
      2007A2, 5.000%, 5/01/34 – RAAI Insured              
29,885     Total Tax Obligation/Limited             30,286,259  
    Transportation – 11.2% (7.4% of Total Investments)              
2,000     Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 2002A,     10/12 at 100.00     AAA     2,012,900  
      5.125%, 10/01/32 – FSA Insured (5)              
2,105     Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Refunding Bonds,     10/13 at 100.00     AAA     2,206,777  
      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     AA     1,771,347  
      AMBAC Insured              
5,835     Total Transportation             5,991,024  
    U.S. Guaranteed – 33.5% (22.0% of Total Investments) (4)              
1,660     Grand Prairie Independent School District, Dallas County, Texas, General Obligation Bonds,     2/13 at 100.00     AAA     1,818,580  
      Series 2003, 5.375%, 2/15/26 (Pre-refunded 2/15/13) – FSA Insured              
3,500     Highlands County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist     11/13 at 100.00     N/R (4)     3,913,210  
      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     Aaa     532,185  
      10/01/10) – FSA Insured              
3,370     Osceola County School Board, Florida, Certificates of Participation, Series 2002A, 5.125%,     6/12 at 101.00     Aa3 (4)     3,644,925  
      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     2,121,502  
      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 (4)     3,124,408  
      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     1,096,380  
      (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     1,627,950  
      Systems of South Florida, Series 2003, 5.200%, 11/15/28 (Pre-refunded 2/01/13)              
16,280     Total U.S. Guaranteed             17,879,140  
    Water and Sewer – 28.5% (18.7% 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     Aa3     993,150  
    Clay County, Florida, Uiltity System Revenue Bonds, Series 2007:              
1,500       5.000%, 11/01/27 – XLCA Insured     11/17 at 100.00     AAA     1,532,205  
3,000       5.000%, 11/01/32 – XLCA Insured     11/17 at 100.00     AAA     3,016,770  
1,525     Fernandina Beach, Florida, Utility Acquisition and Improvement Revenue Bonds, Series 2003,     9/13 at 100.00     N/R     1,496,437  
      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     AA     3,001,140  
      MBIA Insured              
2,000     Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 1999A, 5.000%,     10/09 at 101.00     A+     1,948,880  
      10/01/29 – FGIC Insured              
500     Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2008B, 5.250%,     No Opt. Call     AAA     523,425  
      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     AA     1,151,064  
1,500     Port St. Lucie, Florida, Stormwater Utility System Revenue Refunding Bonds, Series 2002,     5/12 at 100.00     AA     1,524,990  
      5.000%, 5/01/23 – MBIA Insured              
15,120     Total Water and Sewer             15,188,061  
$       80,275     Total Investments (cost $81,197,938) – 152.5%             81,373,030  
    Other Assets Less Liabilities – 1.8%             999,851  
    Preferred Shares, at Liquidation Value – (54.3)% (6)             (29,000,000)
    Net Assets Applicable to Common Shares – 100%            $   53,372,881  

Forward Swaps outstanding at July 31, 2008:                          
        Fund             Fixed Rate             Unrealized  
    Notional     Pay/Receive     Floating Rate     Fixed Rate     Payment     Effective     Termination     Appreciation  
Counterparty     Amount     Floating Rate     Index     (Annualized)     Frequency     Date (7)     Date     (Depreciation)  
Royal Bank of Canada     $1,400,000     Pay     SIFM     4.335%     Quarterly     8/06/08     8/06/37     $99,906  
SIFM-The daily arithmetic average of the weekly Securities Industry and Financial Markets (SIFM) Municipal Swap Index, previously referred to as Bond Market  
Association or BMA.                                  

Futures Contracts outstanding at July 31, 2008:                      
                    Unrealized  
    Contract     Number of     Contract     Value at     Appreciation  
Type     Position     Contracts     Expiration     July 31, 2008     (Depreciation)  
U.S. Treasury Bonds     Long     3     9/08     $346,500     $8,288  

    As of July 31, 2008, at least 80% of the Fund’s net assets (including net assets attributable to Preferred  
    shares) are invested in municipal securities that are either covered by Original Issue Insurance,  
    Secondary Market Insurance or Portfolio Insurance which ensures the timely payment of principal and  
    interest. Up to 20% of the Fund’s net assets (including net assets attributable to Preferred shares) may  
    be invested in municipal securities that are (i) either backed by an escrow or trust containing sufficient  
    U.S. Government or U.S. Government agency securities (also ensuring the timely payment of principal  
    and interest), or (ii) rated, at the time of investment, within the four highest grades (Baa or BBB or better  
    by Moody’s, Standard & Poor’s or Fitch) or unrated but judged to be of comparable quality by the Adviser.  
(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 insured by ACA, AMBAC, CIFG, FGIC,  
    MBIA, RAAI and XLCA as of July 31, 2008. Subsequent to July 31, 2008, 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)     Portion of investment, with an aggregate market value of $10,065, has been pledged to collateralize the  
    net payment obligations under futures contracts.  
(6)     Preferred Shares, at Liquidation Value as a percentage of total investments is (35.6)%.  
(7)     Effective date represents the date on which both the Fund and counterparty commence interest payment  
    accruals on each forward swap contract.  
N/R     Not rated.  

Fair Value Measurements  
During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting  
Standards No. 157, Fair Value Measurements (SFAS 157). SFAS 157 defines fair value, establishes a  
framework for measuring fair value in generally accepted accounting principles, and expands disclosure  
about 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, 2008:                  
    Level 1     Level 2      Level 3     Total  
Investments     $ —      $81,373,030     $ —      $81,373,030  
Derivatives*     8,288     99,906     —     108,194  
Total     $8,288     $81,472,936     $ —     $81,481,224  
* Represents net unrealized appreciation (depreciation).                  

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 and timing differences in recognizing certain gains and losses on investment transactions. 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, 2008, the cost of investments was $81,197,876.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2008, were as follows:

Gross unrealized:      
 Appreciation     $ 1,745,615  
 Depreciation     (1,570,461)
Net unrealized appreciation (depreciation) of investments     $    175,154  

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, 2008        

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, 2008        

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

Date         September 29, 2008        

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