Nature is Unpredictable….Control what comes next!

If your home gets damaged in a storm, a contractor will likely assist in repairing damages. Be sure to read the fine

print of any document the contractor (or vendor) provides to you, even if it is just “a quote”.

This is where Assignment of Benefits (AOB) comes into play. An AOB is simply a legal document entitling the

vendor (general contractor, electrician, plumber, etc.) to “stand in the shoes” of the homeowner so they can bill the

insurance company directly for the services they provide. It is transferring your interest in your claim settlement

over to them.

Once an AOB is signed, the vendor can demand any amount they choose from your insurance company (insurer);

if the insurer does not agree with that amount, it gives the vendor the right to take legal action without your

consent.

It also gives the vendor the right to be paid without your knowledge or permission, whether you are satisfied with

their work or not. You will be left with very little control of your insurance claim.

• Get more than one estimate

• Request everything in writing; cost, work to be done, time schedules, guarantees, payment schedules, etc.

• Ask for references and check them out

• Write down contractor’s driver’s license number and their vehicle’s license plate number

• Never sign a contract with blanks; unacceptable terms can be added later

• Don’t pay in full or sign a completion certificate until the work is complete and permits are closed

• Review and understand all documents sent to your insurance carrier

• Never let a contractor pressure you into hiring them

• Never let a contractor interpret the insurance policy language

• Never let a contractor discourage you from contacting your insurance company

The National Insurance Crime Bureau has developed a check list to provide guidance to consumers when

considering which service vendor to hire:

Protect yourself, read the fine print and make sure you ask for every detail in

writing. If you have any questions about AOB or your policy, please contact

Gulfstream or your insurance agent.

AOB FACTS Protect Your Rights!

www.gspcic.comClaims 866.485.3005THIS AOB FACTS SHEET IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY.

www.gspcic.comGulfstream Claims 866.485.3005