Florida Statutes Part X - Property Insurance Contracts (Ss. 627.701-627.715)
- 627.701 - Liability Of Insureds; Coinsurance; Deductibles.
(1) A property insurer may issue an insurance policy or contract covering either real or personal property in this state which contains provisions requiring the insured...
- 627.7011 - Homeowners’ Policies; Offer Of Replacement Cost Coverage And Law And Ordinance Coverage.
(1) Prior to issuing a homeowner’s insurance policy, the insurer must offer each of the following:(a) A policy or endorsement providing that any loss that is repaired...
- 627.70121 - Payment Of Claims For Dual Interest Property.
For policies issued or renewed on or after October 1, 2006, a property insurer shall transmit claims payments directly to the primary policyholder by check...
- 627.70131 - Insurer’s Duty To Acknowledge Communications Regarding Claims; Investigation.
(1)(a) Upon an insurer’s receiving a communication with respect to a claim, the insurer shall, within 14 calendar days, review and acknowledge receipt of such communication...
- 627.70132 - Notice Of Windstorm Or Hurricane Claim.
A claim, supplemental claim, or reopened claim under an insurance policy that provides property insurance, as defined in s. 624.604, for loss or damage caused...
- 627.7015 - Alternative Procedure For Resolution Of Disputed Property Insurance Claims.
(1) This section sets forth a nonadversarial alternative dispute resolution procedure for a mediated claim resolution conference prompted by the need for effective, fair, and timely...
- 627.70151 - Appraisal; Conflicts Of Interest.
An insurer that offers residential coverage as defined in s. 627.4025, or a policyholder that uses an appraisal clause in a property insurance contract to...
- 627.7016 - Insurer Contracts With Building Contractors.
An insurer who offers residential coverage, as defined in s. 627.4025, may contract with a building contractor skilled in techniques that mitigate hurricane damage. Insurers...
- 627.70161 - Family Day Care Insurance.
(1) PURPOSE AND INTENT.—The Legislature recognizes that family day care homes fulfill a vital role in providing child care in Florida. It is the intent of...
- 627.7017 - Hurricane Loss Mitigation Projects.
In addition to any other hurricane loss mitigation activities authorized or required by law, the office may contract with public or private entities for hurricane...
- 627.7018 - Standards For Determining Risk Of Coverage.
In determining the risk of providing property insurance coverage, an insurer may not deny coverage solely on the basis of the age of the structure...
- 627.7019 - Standardization Of Requirements Applicable To Insurers After Natural Disasters.
(1) The commission shall adopt by rule, pursuant to s. 120.54(1)-(3), standardized requirements that may be applied to insurers as a consequence of a hurricane or...
- 627.702 - Valued Policy Law.
(1)(a) In the event of the total loss of any building, structure, mobile home as defined in s. 320.01(2), or manufactured building as defined in s....
- 627.705 - Return Of Unearned Premium On Overinsured Personal Property.
In the event of a total loss or destruction of any personal property on which the amount of the appraised or agreed loss is less...
- 627.706 - Sinkhole Insurance; Catastrophic Ground Cover Collapse; Definitions.
(1)(a) Every insurer authorized to transact property insurance in this state must provide coverage for a catastrophic ground cover collapse.(b) The insurer shall make available, for an...
- 627.7061 - Coverage Inquiries.
Inquiries about coverage on a property insurance contract are not claim activity, unless an actual claim is filed by the policyholder which results in a...
- 627.7063 - Building Code Effectiveness Grading Schedule.
(1) As used in this section, the term “sinkhole loss prevention ordinance” means a county ordinance that amends the Florida Building Code and that is intended...
- 627.707 - Investigation Of Sinkhole Claims; Insurer Payment; Nonrenewals.
Upon receipt of a claim for a sinkhole loss to a covered building, an insurer must meet the following standards in investigating a claim:(1) The insurer...
- 627.7072 - Testing Standards For Sinkholes.
The professional engineer and professional geologist shall perform such tests as sufficient, in their professional opinion, to determine the presence or absence of sinkhole loss...
- 627.7073 - Sinkhole Reports.
(1) Upon completion of testing as provided in s. 627.7072, the professional engineer or professional geologist shall issue a report and certification to the insurer and...
- 627.7074 - Alternative Procedure For Resolution Of Disputed Sinkhole Insurance Claims.
(1) The department shall:(a) Certify and maintain a list of persons who are neutral evaluators.(b) Prepare a consumer information pamphlet for distribution by insurers to policyholders which clearly...
- 627.711 - Notice Of Premium Discounts For Hurricane Loss Mitigation; Uniform Mitigation Verification Inspection Form.
(1) Using a form prescribed by the Office of Insurance Regulation, the insurer shall clearly notify the applicant or policyholder of any personal lines residential property...
- 627.712 - Residential Windstorm Coverage Required; Availability Of Exclusions For Windstorm Or Contents.
(1) An insurer issuing a residential property insurance policy must provide windstorm coverage. Except as provided in paragraph (2)(c), this section does not apply to risks...
- 627.713 - Report Of Hurricane Loss Data.
The office may require property insurers to report data regarding hurricane claims and underwriting costs, including, but not limited to:(1) Number of claims.(2) Amount of claim payments...
- 627.714 - Residential Condominium Unit Owner Coverage; Loss Assessment Coverage Required.
(1) For policies issued or renewed on or after July 1, 2010, coverage under a unit owner’s residential property policy must include at least $2,000 in...
- 627.7142 - Homeowner Claims Bill Of Rights.
An insurer issuing a personal lines residential property insurance policy in this state must provide a Homeowner Claims Bill of Rights to a policyholder within...
- 627.715 - Flood Insurance.
An authorized insurer may issue an insurance policy, contract, or endorsement providing personal lines residential coverage for the peril of flood on any structure or...
Last modified: September 23, 2016