As a homeowner, you carry homeowner's insurance to protect yourself in case of damage to your home. A devastating storm can leave flooding waters, property damage, and personal injuries in its wake. Perhaps one of the least expected dangers that follow a storm is fraudulent contractors.
After recent storms and major disasters, a few unscrupulous contractors use a trick to defraud homeowners every year - convincing them to sign away their rights through an Assignment of Benefits (AOB) form. Most contractors are professional, and will do what is right. But there are some who follow major disasters and try to take advantage of you.
A contractor or repair company representative will often tell you that an Assignment of Benefits or "AOB" form is necessary for them to do work on your home. They may promise it will make the process easier for you as it will allow them to "handle everything." They might even offer to lower or eliminate your deductible if you sign the form immediately.
Don't allow contractors to start work before the damage is assessed by your insurer. Most importantly, don't sign an AOB form. We are here for you and can help you navigate the claims process and avoid contractor abuse and fraud.
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