Consumer Guide to Homeowner's Insurance:
HB 763 would require the Florida Office of Insurance Regulation to create and maintain a publicly accessible consumer guide on homeowner’s insurance. The guide must provide general information about homeowner’s insurance policies, explain the different types of homeowner’s insurance policies and the coverage each type provides, and include a comparison of annual homeowner’s insurance premiums for each insurer operating in Florida.
The bill is aimed at improving transparency and helping consumers better understand and compare homeowner’s insurance options. It would add a new section to the Florida Statutes, section 624.37, and would take effect July 1, 2025 if enacted.
If enacted, the bill would create a new statutory duty for the Office of Insurance Regulation to publish and maintain a homeowner’s insurance consumer guide on a public website. It would not directly regulate policy terms or premiums, but it would require the state to collect and present insurer premium information in a comparative format, potentially affecting insurers through increased public visibility and consumer comparison shopping. The bill would amend Florida law by adding section 624.37, Florida Statutes.
The available context suggests generally favorable policy intent, centered on consumer education and transparency in a market that can be difficult to navigate. However, the bill did not advance beyond the Insurance & Banking Subcommittee and died there, indicating that it did not secure enough support to move forward. No committee transcript or recorded vote is available to show detailed debate or opposition.
Because there are no committee transcripts or recorded votes, specific points of contention are not documented in the available materials. Based on the bill’s subject, likely areas of concern could include the administrative burden on the Office of Insurance Regulation, the accuracy and updating of premium comparisons, and whether public comparisons might disadvantage certain insurers. The record does not identify any named opponents or supporters.