The new assignment of benefits, or AOB, reform could seriously restrict homeowners, their options, and, more importantly, their out-of-pocket costs for property repairs. Hurricane season in Florida. It’s the only thing anyone thinks of when they think of disasters that can occur in The Sunshine State. Many of our friends up north assume our homeowner’s insurance policies are through the roof due to the chance of our homes being picked up and taken away like The Wizard of Oz. For some they are, though not for reasons as severe as the iconic movie depicts. It is true. Hurricanes do decimate many of our beloved cities and cause levels of preparedness not seen in other parts of the country. But there are additional methods of property destruction that frequently occur as well. Cast iron pipe corrosion causing pipe bursts King tides flooding our properties Wind damage to windows, roofs, and pool enclosures In recent years, we have all seen the onslaught of contractors banging on doors and ringing phones to try to win the repair jobs. And while there’s nothing wrong with contractors getting work done—and getting it done quickly—insurance companies are not happy. What is an assignment of benefit, or …
