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FL H1401
Bill
Status
Failed
6/16/2025
Primary Sponsor
Monique Miller
Click for details
AI Summary
- Creates new section 627.701515, Florida Statutes, governing appraisal processes for residential property insurance coverage
- Requires insurers offering residential coverage (as defined in s. 627.4025) that use an appraisal process to value the land separately from the dwelling and any other structures or fixtures on the land
- Ensures insurance coverage applies only to the dwelling and structures/fixtures on the land, excluding the land value itself
- Effective date is July 1, 2025
Legislative Description
Residential Property Appraisal
Last Action
Died in Insurance & Banking Subcommittee
6/16/2025
Committee Referrals
Insurance And Banking Subcommittee3/5/2025
Full Bill Text
No bill text available