FL S0382

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

Requires insurers to notify mortgageholders or lienholders when a policyholder elects coverage that does not cover wind, but does not require their approval.

Clarifies that policyholders excluding windstorm coverage must provide a handwritten, signed, and dated statement to the insurer; all named insureds must sign and date the statement.

Applies the same handwritten, signed, and dated statement requirement to policyholders excluding contents coverage from residential property insurance policies.

Takes effect July 1, 2016.