FL S0728

Extends standard personal and commercial lines residential property insurance policy requirements to commercial lines policies effective July 1, 2012.

Requires insureds or their agents to disclose names and coverage of insurers to claimants within 30 days of written request and directs insurers to provide sworn statements within 30 days of receipt of such requests.

Mandates that policies with separate hurricane or windstorm deductibles display a notice in 18-point boldfaced type on the policy face; failure to include this notice voids the separate deductible and reverts the policy to the all-covered-perils deductible.

For commercial lines residential hurricane coverage entered into on or after July 1, 2012, caps deductibles at 10 percent of dwelling policy limits and requires insurers to also offer a 3 percent deductible option; deductibles must be stated as both dollar amounts and percentages on the declarations page.

Defines "dwelling policy limits" as maximum insurance coverage on the building structure only, excluding alternative living expenses, contents, loss of income, and other optional coverages.