EXHIBIT 31.2


                                  CERTIFICATION



     I, James M. Lynch, certify that:


1. I have reviewed this quarterly  report on Form 10-QSB of Universal  Insurance
Holdings, Inc.:

2. Based on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact  necessary to make the statements
made, in light of the  circumstances  under which such statements were made, not
misleading with respect to the period covered by this report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information included in this report, fairly present in all material respects the
financial  condition,  results of operations and cash flows of the registrant as
of, and for, the periods presented in this report;

4. The  registrant's  other  certifying  officer(s)  and I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and we have:

     a) designed such disclosure  controls and  procedures,  or caused such
     disclosure   controls  and   procedures  to  be  designed   under  our
     supervision,  to ensure  that  material  information  relating  to the
     registrant,  including its consolidated subsidiaries, is made known to
     us by others within those entities,  particularly during the period in
     which this report is being prepared;

     b) evaluated the effectiveness of the registrant's disclosure controls
     and procedures and presented in this report our conclusions  about the
     effectiveness of the disclosure controls and procedures, as of the end
     of the period covered by this report based on such evaluation; and

     c)  disclosed in this report any change in the  registrant's  internal
     control over financial reporting that occurred during the registrant's
     most recent fiscal quarter (the registrant's  fourth fiscal quarter in
     the case of an annual  report)  that has  materially  affected,  or is
     reasonably  likely to materially  affect,  the  registrant's  internal
     control over financial reporting; and

5. The registrant's other certifying  officer(s) and I have disclosed,  based on
our most recent evaluation of internal control over financial reporting,  to the
registrant's  auditors  and the audit  committee  of the  registrant's  board of
directors (or persons performing the equivalent function):

     a) all significant  deficiencies and material weaknesses in the design
     or operation of internal  control over financial  reporting  which are
     reasonably  likely to  adversely  affect the  registrant's  ability to
     record, process, summarize and report financial information; and

     b) any fraud,  whether or not material,  that  involves  management or
     other  employees  who  have a  significant  role  in the  registrant's
     internal control over financial reporting.

Date:  May 16, 2005                   /s/ James M. Lynch
                                      ------------------------------------------
                                      James M. Lynch
                                      Chief Financial Officer