diff --git a/coinbase_advanced_trader/services/order_service.py b/coinbase_advanced_trader/services/order_service.py
index 7a6f5ed..e3f5b5e 100644
--- a/coinbase_advanced_trader/services/order_service.py
+++ b/coinbase_advanced_trader/services/order_service.py
@@ -201,24 +201,43 @@ def _place_limit_order(self, product_id: str, fiat_amount: str, limit_price: Opt
                     if side == OrderSide.BUY 
                     else self.rest_client.limit_order_gtc_sell)
         
-        order_response = order_func(
-            self._generate_client_order_id(),
-            product_id,
-            str(base_size),
-            str(adjusted_price)
-        )
-        
-        order = Order(
-            id=order_response['success_response']['order_id'],
-            product_id=product_id,
-            side=side,
-            type=OrderType.LIMIT,
-            size=base_size,
-            price=adjusted_price
-        )
+        try:
+            order_response = order_func(
+                self._generate_client_order_id(),
+                product_id,
+                str(base_size),
+                str(adjusted_price)
+            )
+
+            if not order_response['success']:
+                error_response = order_response.to_dict().get('error_response', {})
+                error_message = error_response.get('message', 'Unknown error')
+                preview_failure_reason = error_response.get('preview_failure_reason', 'Unknown')
+                error_log = (f"Failed to place a limit order. "
+                             f"Reason: {error_message}. "
+                             f"Preview failure reason: {preview_failure_reason}")
+                logger.error(error_log)
+                raise Exception(error_log)
+
+            order = Order(
+                id=order_response['success_response']['order_id'],
+                product_id=product_id,
+                side=side,
+                type=OrderType.LIMIT,
+                size=base_size,
+                price=adjusted_price
+            )
+            self._log_order_result(order_response, product_id, base_size, adjusted_price, side)
+            return order
         
-        self._log_order_result(order_response, product_id, base_size, adjusted_price, side)
-        return order
+        except Exception as e:
+            error_message = str(e)
+            if "Invalid product_id" in error_message:
+                error_log = (f"Failed to place a limit order. "
+                             f"Reason: {error_message}. "
+                             f"Preview failure reason: Unknown")
+                logger.error(error_log)
+            raise
     
     def _log_order_result(self, order: Dict[str, Any], product_id: str, amount: Any, price: Any = None, side: OrderSide = None) -> None:
         """
diff --git a/coinbase_advanced_trader/tests/test_order_service.py b/coinbase_advanced_trader/tests/test_order_service.py
index dd37f56..59b5d68 100644
--- a/coinbase_advanced_trader/tests/test_order_service.py
+++ b/coinbase_advanced_trader/tests/test_order_service.py
@@ -110,6 +110,40 @@ def test_fiat_limit_buy(self):
         self.assertEqual(order.size, expected_size)
         self.assertEqual(order.price, adjusted_price)
 
+    def test_fiat_limit_buy_error(self):
+        """Test the fiat_limit_buy with a response that raises an exception."""
+        product_id = "BTC-USDC"
+        fiat_amount = "10"
+
+        # Mock responses with correct format
+        mock_order_response = {
+            'success': False, 
+            'error_response': {
+                'error': 'INSUFFICIENT_FUND', 
+                'message': 'Insufficient balance in source account', 
+                'error_details': '', 
+                'preview_failure_reason': 'PREVIEW_INSUFFICIENT_FUND'
+            }
+        }
+        self.rest_client_mock.limit_order_gtc_buy.return_value = mock_order_response
+        
+        # Mock price service to return specific values
+        spot_price = Decimal('50000')
+        base_increment = Decimal('0.00000001')
+        quote_increment = Decimal('0.01')
+        price_multiplier = Decimal('0.9995')
+        
+        self.order_service.price_service.get_spot_price.return_value = spot_price
+        self.order_service.price_service.get_product_details.return_value = {
+            'base_increment': str(base_increment),
+            'quote_increment': str(quote_increment)
+        }
+
+        with self.assertRaises(Exception) as context:
+            order = self.order_service.fiat_limit_buy(product_id, fiat_amount)
+
+        self.assertEqual(str(context.exception), "Failed to place a limit order. Reason: Insufficient balance in source account. Preview failure reason: PREVIEW_INSUFFICIENT_FUND")
+
     def test_fiat_limit_sell(self):
         """Test the fiat_limit_sell method."""
         product_id = "BTC-USDC"