FL H1089

Extends eligibility thresholds for Citizens Property Insurance Corporation coverage of personal lines residential structures through January 1, 2017, with dwelling replacement costs phased from $1 million (2014) down to $700,000 (2017), allowing existing policyholders to maintain coverage until policy term ends.

Exempts counties with insufficient private insurance competition from the new eligibility thresholds, permitting coverage of personal lines structures with dwelling replacement costs under $1 million in those areas.

Renders major structures seaward of coastal construction control lines or within Coastal Barrier Resources System ineligible for coverage if permit applications are filed on or after July 1, 2015.

Deems condominiums ineligible for commercial lines wind-only coverage effective July 1, 2014, if 50 percent or more of units are rented more than eight times annually for rental periods of less than 30 days.

Takes effect July 1, 2014.