New Transparency and Coverage Rules for Homeowners Insurance

The Frame

What this does

The bill changes how insurance companies justify rate increases to homeowners and prevents insurers from inflating coverage requirements by including land value, which could impact the total cost and scope of residential property insurance policies.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Residential property insurers

Must produce new transparency reports, adhere to new coverage calculation rules, and provide a specific Bill of Rights to claimants.

Florida homeowners

Receive more detailed information on rate factors and are protected from having land value included in their property coverage calculations.

What changed

Last recorded activity March 13, 2026.

What's next

Introduced.

Summary

This bill requires residential property insurers to provide consumers with detailed 's' explaining how their premiums are calculated. It also prohibits insurers from including land value when determining coverage amounts for homes and updates the Homeowner Claims Bill of Rights.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Will this bill lower my insurance rates?

The bill does not mandate rate decreases; it requires insurers to provide more transparency regarding how they calculate rates and prohibits including land value in coverage calculations.

What is the Homeowner Claims Bill of Rights?

It is a document that summarizes existing Florida law regarding a policyholder's rights during the claims process, such as timelines for claim acknowledgment and settlement.

Can I see why my insurance company is raising my rates?

Yes, under this bill, insurers must provide a report detailing the percentage breakdown of factors influencing their rate changes, and the Office of Insurance Regulation must publish rate filing information online.

Why It Matters

The bill changes how insurance companies justify rate increases to homeowners and prevents insurers from inflating coverage requirements by including land value, which could impact the total cost and scope of residential property insurance policies.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Voting Record

Motion succeededupper1/13/2026openstates_bulkOfficial roll call ↗

Favorable

Total

10

Yes

10

No

0

Present

0

Not Voting

0

Abstain

0

How they voted (10)

Jonathan Martin

Republican · yes

Kathleen Passidomo

Republican · yes

Barbara Sharief

Democratic · yes

Colleen Burton

Republican · yes

Jim Boyd

Republican · yes

Jason Pizzo

Independent · yes

Rosalind Osgood

Democratic · yes

Keith Truenow

Republican · yes

Ed Hooper

Republican · yes

Joe Gruters

Republican · yes

Full roll-call analysis →

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

Land Value Exclusion

The bill explicitly removes land value from the calculation of insurance coverage, a significant shift in how property value is assessed for insurance purposes.

Office of Insurance Regulation