Don't Fall Victim to a Dishonest Contractor

May 01, 2017 | Category: Understanding Insurance | 963 Views

If a storm rolls through, call Centauri or your local insurance agent first. We can help you locate a preferred, trustworthy vendor in your area so you don’t fall victim to AOB insurance fraud.

WHAT IS ASSIGNMENT OF BENEFITS?

An Assignment of Benefits (AOB) is a contract between you and a third party such as a roofer, plumber, contractor or a water mitigation company. The contract gives them the right to deal directly with your insurance company and receive the payment for your claim.
A third party may offer you an AOB when requesting emergency repairs or when they are traveling door-to-door soliciting new business.

WHEN YOU SIGN AN AOB

Your rights and benefits may be transferred to the contractor, giving them the right to submit your claim or even file a lawsuit without your knowledge. They may also be able to collect any payments directly from your insurance company. You have limited recourse if your contractor misrepresents your insurance claim. You cannot withhold payment or change contractors if you are unhappy with their work leaving you unable to comparison shop for better quality or price. If your insurance company pays less than the contractor demands, you could end up with unfinished work or an out-of-pocket bill for the difference.

VIEW THE FLORIDA CHAMBER OF COMMERCE'S AOB VIDEO:

WANT TO LEARN MORE ABOUT AOB or TAKE ACTION??

SIGN the petition to urge the Florida Legislature to reign in Assignment of Benefits abuse.
LEARN about the Fla. Chamber’s efforts to create a competitive, stable insurance market.
LEARN about Florida's Assignment of Benefits problem in WFTS Tampa Bay's News Report.
LEARN about the Assignment of Benefits from the Florida Office of Insurance Regulation.
DOWNLOAD an infographic explaining Assignment of Benefits.

HOW TO REPORT A CLAIM

In the event of a loss, it is important to report the claim to us immediately—we can identify and connect you with a qualified expert mitigation vendor in your area.  To report a claim, call 866-215-7574 or report online within our Consumer Portal.

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