NEW VIDEO: Warning Florida Homeowners of Abuse

Florida homeowners are being targeted by dishonest home repair vendors, roofers and water mitigation companies who team up with shady trial lawyers to take advantage of them. The goal of these bad actors is to convince Floridians to sign Assignment of Benefits (AOB) contracts, where they can make unnecessary repairs and collect on an inflated bill from the insurer. But be aware, because inflated bills for repairs can affect what your insurers charge for coverage when renewing a homeowners’ policy. Further, if the insurer questions the unnecessary repairs, they get slapped with a lawsuit, all leading to potentially higher rates for Floridians.

We here at Blankit are committed to spreading the word of education and savings to our customers. We are here to answer all of your policy questions, even if your policy wasn’t procured through us. Our goal to gain your trust, not your policy. Contacts us today to make sure you are protected from any AOB abuse with the right policy. 

Help fight Fraud Today, be alert: http://www.fightfraud.today/

 

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Assignment of Benefits & how this affects me and my payment?

An Assignment of Benefits, or an AOB, is a document signed by a policyholder that allows a third party, such as a water extraction company, a roofer, or a plumber, to “stand in the shoes” of the insured and seek direct payment from the insurance company. It has become prevalent in water and roof claims across the state. This action allows third parties to go after payment directly without homeowner intervention. It may be your policy, but you may not be in control. Is this new?

No, AOBs have been a part of Florida’s marketplace for more than a 100 years. Yet, loopholes in the way it is being used in the marketplace are driving up costs for homeowners across the state due to unnecessary litigation associated with certain AOB claims. Per CFO Jeff Atwater, in 2006, “there were 405 AOB lawsuits across all 67 counties in Florida and in 2016, that number had risen to 28,200”. Homeowners could begin to see 10% rate increases per year going forward.

So what do I do? You make sure that your agent has clearly explained your policy to you and how this third party action may affect your claims, payouts or policy payments. We at Blankit Insurance Group are here to help you read, explain, and understand your policy, even if your policy wasn’t purchased with us. We are here for you, now for your policy.

For more information visit: floir.com/Sections/PandC/AssignmentofBenefits.aspx

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Did you know that the State can give insurers higher rate increases than they requested?

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