FL H0909

Increases the dwelling replacement cost threshold for Citizens Property Insurance Corporation eligibility from $1 million to $1.5 million in counties where the Office of Insurance Regulation determines there is not a reasonable degree of competition

Caps annual rate increases at 10% for single policies in counties lacking reasonable insurance market competition, compared to the standard 15% cap for 2026 and subsequent years

Exempts three types of policies from the requirement to purchase flood insurance: policies without wind coverage, condominium unit owner policies, and policies in FEMA-designated Zone X or for structures elevated at least 1 foot above base flood elevation (in areas lacking reasonable competition)

Takes effect July 1, 2026