FL H0753

Applies standard personal lines residential insurance policy requirements to commercial lines residential property insurance policies entered into on or after July 1, 2012.

Requires insurers providing liability coverage to disclose policy information to claimants within 30 days after receiving a written request, including insurer name, insured name, coverage limits, policy defenses, and a copy of the policy.

Authorizes surplus lines carriers to issue property insurance policies containing coinsurance clauses and requires separate hurricane or windstorm deductible policies to include bold 18-point disclosure statements warning of high out-of-pocket expenses.

Voids separate hurricane or windstorm deductibles in policies entered into on or after July 1, 2012 that fail to include required disclosure statements, reverting the deductible to the all-covered-perils deductible.

Requires commercial lines residential hurricane coverage policies entered into on or after July 1, 2012 to state dwelling policy limits and deductibles as aggregate dollar amounts and specify per-building deductibles where applicable, with non-compliance voiding separate windstorm deductibles.