Bill > S0790

This bill addresses policy cancellations and nonrenewals for property insurance in Florida, focusing on properties damaged by hurricanes or wind losses. The legislation prohibits insurers from canceling or not renewing personal or commercial residential property insurance policies within specific timeframes after hurricane damage. Specifically, insurers cannot cancel a policy for 90 days after property repairs for hurricane or wind-related damage, and in cases of flood damage, the policy cannot be canceled until the property is repaired or one subsequent renewal period expires. The bill introduces nuanced provisions about flood damage, clarifying that if flood is not a covered peril, the insurer may have different obligations. The legislation also establishes conditions under which an insurer can cancel a policy before repairs, such as nonpayment of premium or if the insured no longer has an interest in the property. Additionally, the bill requires insurers to provide at least 45 days' advance written notice of policy cancellation or nonrenewal to homeowners, with provisions for mailing and emailing such notices. The Commissioner of Insurance Regulation is granted the authority to waive certain provisions under specific circumstances, and the bill includes detailed definitions about what constitutes property repair and the types of professionals who can certify repair completion. The legislation is set to take effect on July 1, 2025, and aims to provide protections for property owners recovering from hurricane damage.

https://www.flsenate.gov/Session/Bill/2025/790