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 such schedules. These requirements include providing reimbursement based on the age of the roof, ensuring full replacement coverage for roofs less than 10 years old, and specifying minimum reimbursement percentages for various roof types. Additionally, the bill mandates that a clear statement be included in the policy documents to inform insured individuals about the implications of choosing a roof covering reimbursement schedule.

Furthermore, the bill stipulates that insurers can offer roof reimbursement based on replacement costs even if they provide a reimbursement schedule. It also allows insurers to limit roof coverage to a stated value sublimit, with the condition that this sublimit cannot be applied if there is a total loss to the primary structure due to a covered peril. The act is set to take effect on July 1, 2025.