The bill amends Florida Statutes to refine the process for claims related to extracontractual damages against property insurers. It establishes that such claims can only be initiated after a court has determined that the insurer breached the contract and outlines specific notice requirements for filing these claims. The bill clarifies that damages must align with the insurance policy terms and excludes attorney fees and certain costs from the claims. Additionally, it introduces a tolling period for statutes of limitations and notice requirements under certain conditions, mandating that insurers request further information from policyholders within a specified timeframe.

Moreover, the bill enhances communication and transparency between insurers and policyholders by requiring insurers to start investigations within seven days of receiving proof-of-loss statements, barring any external delays. It mandates that licensed adjusters provide their name and license number during property inspections, which must occur within 30 days of receiving the proof-of-loss statements. The bill also emphasizes the importance of maintaining comprehensive claim records and introduces clearer language regarding preliminary estimates and partial payments, ensuring policyholders are aware that these estimates may change. Overall, the bill aims to improve the regulatory framework governing insurance claims and practices in Florida, particularly in the context of timely communication and documentation.

Statutes affected:
S 230 Filed: 624.1551, 626.732, 626.878, 627.4108, 627.4133, 627.7011