Proposed Homeowner Insurance Premium Reductions

The Frame

What this does

If enacted, this law would create a mandatory, automatic discount system for Florida homeowners, potentially lowering annual insurance costs for those who maintain their properties or avoid routine claims, while shifting oversight of these discounts to the Office of Insurance Regulation.

Who is mentioned in the record

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

Florida homeowners

They would receive automatic premium reductions based on claim history and property mitigation upgrades.

Property insurers

They are required to apply automatic discounts, follow state-mandated reduction schedules, and submit annual compliance reports.

What changed

Last recorded activity March 13, 2026.

What's next

Introduced.

Summary

This bill would require property insurance companies to automatically lower premiums for homeowners who go 36 months without filing a non-storm claim and for those who complete approved home-hardening upgrades. It also mandates that insurance companies cannot penalize homeowners for filing claims related to major storms.

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

Do I have to apply for these premium reductions?

No, the bill requires that premium reductions be applied automatically by the insurer.

Will filing a hurricane claim prevent me from getting a discount?

No, the bill explicitly states that homeowners who file s remain eligible for premium reductions.

What counts as a mitigation upgrade?

Examples include roof reinforcement, shutters, floor barriers, tie-downs, impact-resistant windows, and reinforced doors, provided they are approved by the Office of Insurance Regulation.

Why It Matters

If enacted, this law would create a mandatory, automatic discount system for Florida homeowners, potentially lowering annual insurance costs for those who maintain their properties or avoid routine claims, while shifting oversight of these discounts to the Office of Insurance Regulation.