You’ve suffered property damage, and you want to begin repairs. Before you sign your rights and benefits away by getting involved with an Assignment of Benefits contract (AOB), read over the contract and consult with a public adjuster.
An AOB for your home insurance damage claim, means that a contractor/vendor you’ve hire to fix your damage, be it a roofing company, plumber, water/smoke clean up or mitigation company, now stands in the shoes of you, the insured, when dealing with your insurance company. You have given control of your claim over to your vendor, and they can make any and all decisions regarding your claim without your approval.
These vendors/contractors usually collect your insurance policy deductible upfront when you sign with them. They will tell you that they will submit their estimate to your insurance company and there will be no further monies due from you because your insurance company will deal with them directly.
This gives the contractor the right to recover payments directly from your insurance company.
The vendor will submit an invoice for far more than the damage is worth and threaten to sue your insurance company (usually without the homeowner’s knowledge or consent), when a claim is denied. Many homeowners in southwest Florida have had liens put on their property from contractors or, in some cases, had inferior work done/not completed at all. You have little or no recourse in the courts to recoup your loss because you signed your rights and benefits away with an AOB.
Don’t become a victim to your home insurance company. Hiring an experienced and trustworthy public insurance adjuster who is licensed and bonded will help you retain your rights and benefits while receiving the payout you deserve.
With 27 years of experience, call Advantage Public Adjusters today to receive a FREE claim review at no obligation – (267) 825-4756 or mikelongshore@aol.com.