Property Insurance Reform Bill Dies as Florida Legislative Session Draws to a Close

With just two days left in the 2022 Florida legislative session, a comprehensive property insurance reform bill appears to be dead. But lawmakers were said to be looking for ways to fold some of the main provisions into other bills as the clock winds down.

Senate Bill 1728 would have made many changes that insurers have asked for, including steps to stem losses from roof claims, solicitation by roofers, and excessive litigation. Most significantly, it would have allowed more policies to cover only the actual cash value, or depreciated value, of roofs, and would have allowed policies to have a 2% roof-only deductible.

The bill, by state Sen. Jim Boyd, R-Bradenton, passed the Senate last week but stalled in a House committee, effectively dooming it for this year, according to lobbyists and news reports.