This bill amends section 627.7011 of the Florida Statutes to clarify provisions related to homeowners' property insurance policies, specifically concerning roof coverage. It allows insurers to include roof covering reimbursement schedules in personal lines residential property insurance policies, detailing requirements for these schedules, such as reimbursement based on the age of the roof and minimum reimbursement percentages for various roof types. Additionally, the bill mandates that a clear statement be included in the policy documents, advising insured individuals about the implications of choosing coverage based on a reimbursement schedule.

Furthermore, the bill specifies that insurers can offer roof reimbursement based on replacement costs even if they provide a reimbursement schedule. It also allows for coverage limitations on roofs to a stated value sublimit, with the stipulation that such limits cannot be applied in cases of total loss to the primary structure due to a covered peril. The act is set to take effect on July 1, 2025.