The bill establishes a new section, 624.37, in the Florida Statutes, which mandates the Office of Insurance Regulation to create and maintain a consumer guide for homeowner's insurance on a publicly accessible website. This guide is required to include essential information such as general details about homeowner's insurance policies, the various types of policies available along with their coverage, and a comparison of annual premiums charged by different insurers in the state.

The effective date for this new requirement is set for July 1, 2025. The bill aims to enhance consumer awareness and understanding of homeowner's insurance options, thereby promoting informed decision-making among homeowners in Florida.