Centauri Specialty Insurance Company has revised the underwriting guidelines for both its Florida Preferred Dwelling Fire Program and its Florida Homeowners Program, including HO-3, HO-4, and HO-6 policies. The changes, filed on July 24, 2025, took effect for new business on July 14 and will apply to renewals beginning September 2, 2025.

The updates aim to simplify workflows for agents and customers while expanding risk eligibility across both programs. Notable changes include the removal of 3-tab composition roofs from the list of ineligible roof types and the elimination of age-based and coastal proximity restrictions for frame homes. The requirement for roof inspections at the insured’s expense has been removed; instead, company-ordered inspections may be initiated, particularly for homes five years or older in the homeowners program.

Agents are now permitted to bind risks up to 60 days prior to the effective date, though binding authority may be suspended during hurricanes or tropical storms. For both programs, payment must be submitted within five business days of the policy effective date, and all post-bind documents are due within seven days. Pre-bind documents must be submitted before binding. Additional documentation requirements were clarified, including those related to flood policies, protective devices, and discount eligibility.

Coverage A for dwelling fire policies must be between $250,000 and $1 million, with underwriting approval required above that threshold. Mold coverage is available with a certified inspection and prior review. For permitted incidental occupancies, operations must be owner-operated and limited to two workers.

For homeowners policies, the loss history lookback period has been set at five years. Certain types of losses—such as fire, theft, sinkhole, or water damage—can result in declination or mid-term cancellation within the 60-day underwriting window, though these rules do not apply to renewals. Guidelines for Scheduled Personal Property (SPP) have also been updated to exclude risks involving business-use items, damaged items, or those on loan.

These changes come as Centauri transitions under new ownership. Applied Underwriters has sold Centauri Insurance to Lilypad Insurance, a newly formed subsidiary of climate risk solutions provider Arbol. The transaction positions Lilypad to leverage Arbol’s climate data and technology to better serve catastrophe-prone regions, while Centauri’s existing capabilities continue under new leadership. There is no rate impact associated with the recent rule filings.