Home Page Get Started

Auto Insurance

Discover the perfect insurance options to meet your specific and unique needs.

Homeowners Insurance

Browse through a wide variety of coverages and find the right one for you.

Health & Dental Insurance

Finding insurance doesn't have to be difficult. We do the work so you can relax.

Business Insurance

Enjoy our selection of different insurance options. We make saving money easy.

Home Advisory: Assignment of Benefits

If a contractor promises to take care of ALL of the paperwork, think twice and call your

insurance company before you sign away your rights. Florida homeowners are becoming

victims of insurance fraud because of a common scheme used by a variety of dishonest

contractors that abuses the "Assignment of Benefits" (AOB) law to hijack your claim.

So, what is an Assignment of Benefits anyway?”

If your home has water damage, your first thought may be to call a contractor to dry out

your home before contacting your insurance company. This can be a costly mistake.

There have been an increasing number of homeowners who have unknowingly signed

contracts or forms that include “Assignment of Benefits” agreements. These forms are

sometimes provided by contractors, often for water damage restoration, and must be read

carefully. By signing documents with an Assignment of Benefits agreement, you may be

allowing the contractor to collect your claim settlement funds directly from your insurance

company. This has resulted in homeowners losing control of the claim process and it could

mean having to pay amounts beyond what is covered in their policy. The contractor could

place a lien on the home, and contractor liens in Florida can be enforced by foreclosure.


Important steps you should take

Call us at 941-203-8000 before you sign any paperwork!

Here is a link to a guide for Hiring a Contractor.


See full article: Security First Insurance

Posted 9:12 AM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015

View Mobile Version
Site Links Insurance Types Contact Information  

Powered by Insurance Website Builder
Home Page
About Us
Get A Quote
Auto Insurance
Health Insurance
Dental Insurance
Homeowners Insurance
Life Insurance
Business Insurance
Wilde Insurance
7021 S. Tamiami Trail
Suite A
Sarasota, FL 34231

Ph: 941-203-8000