Assignment of benefits is a very important subject and one that is outlined in this paragraph. AOBs involve the assignment of contract rights, and the law has typically held that such rights are assignable, except:
The intent of an assignment of benefits agreement is to make the process easier for you, as you do not need to deal directly with your insurer as the assigned party will do so for you, handling all legal, administrative and emotional costs associated with the administration and collection of the insurance claim.
- where prohibited by contract or by law
- when the contract involves a matter of confidence or personal trust
There is also an important distinction between the pre-loss or post-loss assignment of benefits. The law strictly prohibits attempted pre-loss assignment of benefits, since such assignment would necessarily increase the risk to the insurer. The assignment of post-loss benefits, on the other hand, do not meaningfully increase insurer risk and are therefore permitted.
This information is not intended to be legal advice, nor as a solicitation. It is important to note that the assignment of benefit current state laws change from state to state. what’s more, the assignment of benefits current state laws are mutable and subject to change at any time. Rooftop Roofing participates in AOB contracts only in an ethical manner and only where legal. You can contact rooftop roofing in order to discuss the circumstances of your AOB roofing claim.