assignment of benefits Archives

09 Dec Florida’s AOB Reform Prompts Citizens to Update Homeowners’ Policies

Posted at 19:43h in Personal Insurance

Floridians insured by Citizens Property Insurance Corporation will see new policy forms next year. Citizens updated its homeowners and other personal lines property insurance policies to reflect Florida’s new assignment of benefits (AOB) laws. These updates will be incorporated into Citizens’ policies with effective dates on or after February...

11 Nov Assignment of Insurance Benefits: New Law Creates Strict Standards for Property Insurance AOB Agreements

Posted at 15:20h in Commercial Insurance, Personal Insurance

It’s been a few months since Florida’s new assignment of benefits (AOB) laws went into effect. AOBs generally authorize vendors (contractors, water remediation companies, etc.) to collect payment for their work directly from the owner’s property insurance company. AOBs are commonly included in contracts and can be easily abused...

20 Aug Assignment of Insurance Benefits: Non-Assignable Policies Provide New Way to Save on Property Insurance

Posted at 15:26h in Commercial Insurance, Personal Insurance

In a previous article we introduced you to the sweeping statutory reform of Florida’s assignment of insurance benefits (AOB) laws. This reform was designed to limit the use of post-loss AOB agreements by insureds to assign their rights under an insurance policy to a third party. Home and...

assignment of benefits Tag

09 Dec Florida’s AOB Reform Prompts Citizens to Update Homeowners’ Policies

11 Nov Assignment of Insurance Benefits: New Law Creates Strict Standards for Property Insurance AOB Agreements

20 Aug Assignment of Insurance Benefits: Non-Assignable Policies Provide New Way to Save on Property Insurance

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