February 17, 2021

replacements

Florida SB 76 could change how insurance companies cover old roof replacements

JACKSONVILLE, Fla. – If the roof on your home in Florida is more than 10 years old, the cost to replace it could change dramatically if proposed legislation becomes law.

Senate Bill 76 would allow insurance companies to change the way they cover older roofs. Under the proposal, if your roof is over 10 years old and it gets destroyed during a hurricane, your insurance company could pay you what your old roof is worth at the time as opposed to paying 100% of the replacement cost.

Matt Carlucci Jr., who owns Brightway Insurance, said home insurance rates across Florida

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