The hottest days of summer are here and millions are flocking to the community and backyard pools. Refreshing water cools down your friends and family, making an enjoyable day for all. For all the fun and relaxation that pools and spas provide, they also come with their share of danger. Everyone should respect the rules and watch out for each other around the water to ensure a safe and happy time.
AOBs have been available in the state of Florida for over 100 years. However, through the decades, many have found loopholes in the system, which have not only resulted in an increase in insurance costs for homeowners but also cases of fraud.
What is an AOB?
For those who aren’t familiar with AOB, Assignment of Benefits (AOB) is an agreement between a homeowner and an insurance company. This agreement stipulates that all rights, benefits, and financial interest within a policy are transferred to a third party. The insurance company becomes responsible for making payments to the contracted third party for any repairs related to a claim.
It happens all too often. A vicious storm wipes through the region, causing damage to trees, vehicles, and homes. Maybe you were one of the victims, or maybe you were one of the lucky ones. A day or two following the storm, your family was approached by an individual offering to inspect your roof, replace the crack in your windshield or trim the tree in your front yard – for FREE. The individual holds out a form asking you to sign, promising to work with your insurance company so you don’t have to worry about a thing. Without giving it much more thought, you sign the form. You just became a victim of AOB fraud.
It goes without saying that June 1 has a special meaning to Floridians: the start of the Atlantic Hurricane Season. According to the National Oceanic and Atmospheric Administration, it’s shaping up to be “above average”, with 11-17 named storms! Besides those 17 tropical storms and hurricanes, NOAA notes there will be many other storms that can cause significant damage, especially for those living in the coastal states like Florida.
When it comes to preparing for the upcoming months of unpredictable weather, there’s no time like the present to make sure your home is ready to weather the storms. Here are three important steps to take now to make sure your property is protected: