Assignment of Benefits (AOB) is a major issue in the insurance industry. Why? Since 2000 there has been a 90,000% increase in Assignment of Benefits lawsuits, driving up home insurance costs for Floridians due to unnecessary litigation. This has ultimately culminated in Florida's Legislature recently passing a law to help regulate these contracts. This law went into effect on July 1, 2019.
Below is an overview, via news articles and other resources, of the Assignment of Benefits issue and ways you can be vigilant as a homeowner.
Have additional questions, or maybe you have already signed an Assignment of Benefits?
KNOW YOUR RIGHTS!
Water Damage and AOB in the News
Roof Damage and AOB in the News