The bill amends section 627.7011 of the Florida Statutes to clarify provisions related to homeowners' insurance policies, specifically regarding roof coverage. It allows insurers to include roof covering reimbursement schedules in personal lines residential property insurance policies, detailing requirements for these schedules. These requirements include reimbursement based on the age of the roof, full replacement coverage for roofs less than 10 years old, and specified reimbursement percentages for different roof types. Additionally, the bill mandates that a clear statement be provided to policyholders regarding the implications of choosing a roof covering reimbursement schedule.

Furthermore, the bill specifies that insurers can offer roof reimbursement based on replacement costs in addition to the reimbursement schedules. It also allows for limited coverage on roofs with a stated value sublimit, but prohibits applying such a sublimit in cases of total loss to the primary structure due to a covered peril. The effective date for this act is set for July 1, 2025.