Some home-repair contractors in Florida are taking advantage of homeowners using an “assignment of benefits.” This is a provision in a contract giving the contractor, not the homeowner, the right to control any claim made on the home owner’s insurance policy and to collect any funds paid by the insurance company. Before you sign a contract for home repairs, you should learn more about this. The Florida Department of Financial Services has provided some helpful information here. If you need specific advice, please contact us today.
