FL S0354

Deletes requirement that mortgageholders or lienholders approve a policyholder's decision to exclude windstorm or hurricane coverage from residential property insurance policies.

Requires policyholders electing windstorm coverage exclusions to provide handwritten statements signed and dated by all named insureds on the policy, with specific exclusion language for natural persons and entities.

Maintains requirement that insurers notify mortgageholders or lienholders when issuing replacement or new policies that do not provide wind coverage.

Applies same handwritten statement and signature requirements to exclusions of contents coverage in residential property insurance policies.

Takes effect July 1, 2015.