FL S1168

Misrepresentations, omissions, or incorrect statements in insurance applications may only prevent recovery if they directly relate to the cause of the claim and are fraudulent, material to risk acceptance, or would have resulted in denial, higher premiums (at least 20% higher), reduced coverage amount, or exclusion of the hazard causing the loss.

Personal lines residential and commercial residential property insurance policies cannot restrict assignment of post-loss benefits.

Insurance companies cannot require policyholders to use a particular vendor for dwelling repairs and cannot recommend or suggest a specific vendor unless expressly requested by the insured.

Assignment agreements for homeowner's property insurance post-loss benefits must be in writing, include a 7-day rescission period, prohibit fees, contain accurate scope of work, and be provided to the insurer within 5 days with a detailed estimate that must be timely updated.

Assignees must provide invoices and estimates to insurers at least 30 days before initiating litigation, settlement offers cannot be made until 30 days after litigation commences, and insurers must annually report claims data related to assignment agreements.