This bill amends section 627.7011 of the Florida Statutes to clarify provisions related to homeowners insurance policies, specifically concerning roof coverage. It introduces new provisions that allow insurers to include roof covering reimbursement schedules in personal lines residential property insurance policies. These schedules must provide reimbursement based on the age of the roof, with full replacement coverage for roofs less than 10 years old, and specified 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.

The bill also ensures that insurers can offer roof reimbursement based on replacement costs, even if they provide a reimbursement schedule. Furthermore, it allows insurers to limit roof coverage to a stated value sublimit, with the stipulation that such a sublimit cannot be applied if there is a total loss to the primary structure due to a covered peril. The effective date for these changes is set for July 1, 2025.