FL H0377

Amends Florida Statutes section 95.11 to define "completion of contract" as the later of the date of final performance of all contracted services or the date final payment becomes due, regardless of when payment is actually made.

Applies the four-year statute of limitations for construction-related actions from the date of contract completion or termination (or other triggering dates such as occupancy or possession), with a 10-year absolute deadline for commencing actions.

Maintains exception for latent defects, allowing the statute of limitations to run from discovery or the date the defect should have been discovered with due diligence.

Requires liability insurers to offer coverage at appropriate additional premiums for owner-controlled insurance programs beyond the program's standard coverage period, sufficient to protect against actions brought within the time limits specified in section 95.11(3)(c).

Applies to causes of action accruing on or after July 1, 2017, with an effective date of July 1, 2017.