Consumer Alert: Beware of Insurance Scams
The Florida Chamber of Commerce and its Consumer Protection Coalition urge you to be on the lookout for unscrupulous home repair vendors and trial attorneys that try to profit off the disaster by asking you to sign an Assignment of Benefits (AOB). Remember, consumers do not need to sign an AOB to get storm-related repairs.
Why This Matters
Property insurance premiums are increasing across Florida and AOB is to blame. The government-run Citizens Property Insurance Corp. has recommended an average rate increase of 6.8 percent statewide for residential policies next year to offset an explosion in non-weather-related water loss claims. Here’s what the Palm Beach Post said last week: Florida water scam is soaking consumers, must be plugged.