The 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. 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 policyholders receive clear communication regarding the implications of choosing a roof covering reimbursement schedule.

Furthermore, the bill specifies that insurers can offer roof reimbursement based on both reimbursement schedules and replacement costs, and it allows for limited coverage on roofs with a stated value sublimit. However, such sublimits 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.