Claim takeovers drive up home premiums, gouge Florida insurers

MATTHEW SMITH | January 25, 2018

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Florida is awash with sleazy home contractors who are stealing control of repair claims from trusting homeowners. Just sign here, the contractor nicely says, offering a document that legally hands over the managing of the damage claim to the contractor. That legally binding signature spawns something called assignment of benefits (AOB). It should be called assignment of home-repair nightmares. Welcome to the Florida cesspool of claim abuse sticking homeowners stuck with ever-ballooning premiums while cheaters grow rich off their misery.

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