Florida Senate - 2015                        COMMITTEE AMENDMENT
       Bill No. SB 1298
       
       
       
       
       
       
                                Ì363694JÎ363694                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/10/2015           .                                
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       The Committee on Appropriations (Simmons) recommended the
       following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 66 - 84
    4  and insert:
    5  portion of a property which is used for residential occupancy
    6  purposes. Such property includes, but is not limited to, a
    7  condominium, an apartment, a multifamily dwelling, a single
    8  family structure, or any other rental unit located in this state
    9  which is owned or rented by a participating lessor.
   10         (2)(a) During the short-term rental period, a short-term
   11  rental network company shall maintain short-term rental network
   12  company insurance that is primary and that:
   13         1. Insures the participating lessor against direct physical
   14  loss to the short-term rental property and its contents,
   15  exclusive of the property of the participating renter, with
   16  limits equal to any multiperil or named-peril property insurance
   17  maintained by the participating lessor.
   18         2. Provides liability coverage for personal injury and
   19  property damage with limits of at least $1 million which covers
   20  the acts and omissions of the short-term rental network company,
   21  a participating lessor, and all persons using or occupying the
   22  short-term rental property and which does not contain an
   23  exclusion for co-insureds.
   24         (b) Short-term rental network company insurance may not
   25  require as a prerequisite of coverage that another insurance
   26  policy be primary or first deny a claim.