Assignment of Benefits

VIDEO: Assignment of Benefits

October 8, 2016 | Tower Hill Insurance

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Read carefully before signing any document, especially when it may involve turning over your rights to someone else.

Be sure to read the fine print before you sign on the dotted line! An assignment of Benefits Agreement is sometimes provided by contractors that specialize in home repair and restoration, as well as roofers and plumbers.

Before signing any document that includes Assignment of Benefits language, please read carefully and consider speaking with your insurance agent. Also referred to as an “AOB,” the agreement authorizes the contractor to act on your behalf and may allow the contractor to receive funds directly from your insurance company. By signing an Assignment of Benefits document, you may be “signing away your rights.”

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