H 775

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  HB 775  2026
1A bill to be entitled
2An act relating to homeowner's insurance premium
3reductions; creating s. 627.70171, F.S.; providing a
4short title; providing legislative intent; providing
5definitions; requiring premium reductions to be
6applied to homeowners who maintain certain claim-free
7periods; providing requirements for such premium
8reductions; providing that homeowners who file major
9storm claims remain eligible for premium reductions;
10requiring the Office of Insurance Regulation to
11determine premium reduction schedules for such
12homeowners; prohibiting homeowners' insurers from
13treating major storm claims as certain other claims;
14requiring premium reductions for certain mitigation
15upgrades; providing duties and publication
16requirements for the office; providing reporting
17requirements for insurers; providing rulemaking
18authority; providing an effective date.
19
20Be It Enacted by the Legislature of the State of Florida:
21
22Section 1.        Section 627.70171, Florida Statutes, is created
23to read:
24627.70171        Homeowner's insurance premium reductions based
25on claim-free periods and mitigation upgrades.—
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26(1)     SHORT TITLE.—This section may be cited as the
27    "Homeowner Savings and Premium Reduction Act."
28(2)     LEGISLATIVE INTENT.—It is the intent of the
29    Legislature that:
30(a)     Responsible homeowners receive lower property
31    insurance premiums.
32(b)     Homeowners who maintain their property in good
33    condition and avoid making insurance claims be rewarded with
34    predictable, automatic savings.
35(c)     Homeowners who file legitimate claims related to major
36    storms not be penalized.
37(d)     Homeowners be incentivized to protect their homes by
38    implementing housing hardening, mitigation upgrades, and
39    infrastructure improvements.
40(e)     This legislation improve insurers' transparency and
41    accountability in how premium reductions are applied.
42(3)     DEFINITIONS.—As used in this section, the term:
43(a)     "Claim-free period" means a continuous period with no
44    filed or paid claims excluding major storm claims.
45(b)     "Major storm claim" means a claim resulting solely
46    from a named storm or hurricane as designated by the National
47    Hurricane Center.
48(c)     "Mitigation upgrade" means a property improvement,
49    such as roof reinforcement, shutters, floor barriers, tie-downs,
50    impact-resistant windows, and reinforced doors, which are
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51    approved by the office to reduce the property risk to hazard
52    events.
53(4)      MANDATORY PREMIUM REDUCTIONS FOR CLAIM-FREE PERIODS.—
54(a)      A property insurer issuing, delivering, issuing for
55    delivery, or renewing a homeowner's insurance policy in this
56    state on or after July 1, 2026, shall automatically apply
57    premium reductions for policyholders who maintain a 36-month
58    claim-free period.
59(b)      The premium reductions required under paragraph (a)
60    must be:
611.      Statewide, uniform, and actuarially sound.
622.      Published annually by the office based on actuarial
63    review.
643.      Applied at policy renewals or, if the 36-month claim-
65    free period is reached early, before policy renewals.
664.      Automatic. An insurer may not require homeowners to
67    request the reduction.
68(c)      A homeowner who files only major storm claims remains
69    eligible for premium reductions. The office shall determine the
70    premium reduction schedule for such homeowners, except that a
71    homeowner with one major storm claim in a 36-month claim-free
72    period is entitled to a full premium reduction.
73(d)      An insurer may not treat major storm claims in the
74    same way as preventable or maintenance-related claims.
75(5)      MITIGATION UPGRADES.—
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76(a)      A property insurer issuing, delivering, issuing for
77     delivery, or renewing a homeowner's insurance policy in this
78     state on or after July 1, 2026, shall give premium reductions to
79     homeowners who complete office-approved mitigation upgrades. The
80     premium reductions for mitigation upgrades are separate from the
81     premium reductions that are based on claim-free periods.
82(b)      The office shall create a list of eligible mitigation
83     upgrades, set premium reduction percentages based on mitigation
84     upgrades, and maintain a database of approved contractors and
85     products. Such list, percentages, and database shall be
86     accessible on the office's website.
87(6)      ANNUAL REPORTING REQUIREMENTS.—
88(a)      By January 1 of every year, each homeowner's insurer
89     shall submit a report on the premium reductions under this
90     section to the office, the President and Minority Leader of the
91     Senate, the Speaker and Minority Leader of the House of
92     Representatives, and the chairs of the legislative committees
93     with jurisdiction over matters of insurance.
941.      The report must include:
95a.      The number of policyholders eligible for premium
96     reductions under this section.
97b.      The number of policyholders receiving premium
98     reductions under this section.
99c.      The total dollar value of premium reductions provided.
100d.      The number of major storm claims and the number of non-
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101    major storm claims.
1022.      The data submitted under subparagraph 1. must be broken
103    down by county and coverage type.
104(b)     The office shall publish, for transparency and public
105    trust, an annual statewide summary report on the data gathered
106    from the reports submitted by homeowner's insurers under
107    paragraph (a).
108(7)     RULEMAKING.—The office may adopt rules to enforce:
109(a)     Premium reduction schedules.
110(b)     Mitigation upgrade standards.
111(c)     Insurer reporting requirements.
112Section 2.        This act shall take effect July 1, 2026.
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