FL H0841

Insurers are prohibited from canceling or nonrenewing personal or commercial residential property insurance policies for 90 days after a dwelling damaged by a hurricane or wind loss has been repaired, or until the earlier of repair completion or 1 year after the final claim payment for other covered perils.

Flood damage caused by a hurricane is included in the cancellation/nonrenewal prohibition if flood is a covered peril; if flood is not covered, the insurer must still extend or renew the policy until repairs are completed or one subsequent renewal expires, but claims for unrepaired flood damage are excluded from the extended or renewed policy.

Insurers may still cancel or nonrenew policies before repairs are completed with 10 days' notice for nonpayment of premium or loss of insurable interest, or with 45 days' notice for fraud, unreasonable repair delays, insured's failure to respond to repair inquiries within 30 days, or payment of policy limits.

Homeowner's insurance policyholders must receive at least 45 days' advance written notice of cancellation, nonrenewal, or rate change, sent by mail and by e-mail if an e-mail address is on file; cancellation for nonpayment of premium requires only 10 days' notice.

The Commissioner of Insurance Regulation may waive any provision of the cancellation/nonrenewal restrictions upon an insurer's petition demonstrating solvency concerns or other factors that could harm policyholders. The act takes effect July 1, 2025.