Summary of Conference Committee Report 
on Hurricane Preparedness and Insurance

Amendment Barcode 102890 to CS/HB 1-A by the Conference Committee on CS/HB 1-A, CS/CS/HB 3-A, CS/CS/HB 5-A, HB 7-A, and CS/HB 9-A 

Catastrophic Ground Cover Collapse Coverage; Sinkholes
Requires property insurers to provide coverage for catastrophic ground cover collapse, defined as geological activity that:
• Results in the abrupt collapse of the ground cover that is clearly visible to the naked eye;
• Results in structural damage to the building and its foundation; and
• The insured structure being condemned and ordered to be vacated by the appropriate governmental agency. 

Contents coverage shall apply if there is a loss resulting from a catastrophic ground cover collapse. Structural damage consisting merely from the settling or cracking of a foundation, structure, or building does not constitute a loss resulting from a catastrophic ground cover collapse.
 
Insurers must continue to make sinkhole coverage as currently defined in statute available for an appropriate additional premium. Insurers offering policies that exclude coverage for sinkhole losses must provide written notice to the policyholder in 14-point type.