FL H1011

Amends section 627.7011, Florida Statutes to require insurers to include mandatory disclosure statements with homeowner's insurance policies at initial issuance and every renewal.

Requires disclosure statements be printed in bold type no smaller than 18 points and include information about law and ordinance coverage and flood insurance exclusions.

Mandates notification that homeowner's insurance policies do not cover flood damage, even when caused by hurricane winds and rain, and recommends discussing separate flood insurance purchase with an insurance agent.

Establishes legislative intent to encourage policyholders to purchase sufficient coverage for excluded events such as law and ordinance enforcement and flood that may combine with covered events to cause property damage.

Takes effect January 1, 2019.