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Monday, June 15, 2015. Florida Assignment of Benefits in Restoration. Recently in the state of Florida the insurance industry lost a case to remove the dreaded assignment of benefits, which secures the contractors rights to the proceeds during an insurance claim. This is a simplified explanation but you get the point. Decisions like this do not come in a vacuum so there are now consequences. If you participate in most vendor programs you are not allowed to use this clause in your contract. This is potent.CONTENT
This web page busnsmentors.blogspot.com states the following, "Monday, June 15, 2015." We saw that the webpage said " Florida Assignment of Benefits in Restoration." It also said " Recently in the state of Florida the insurance industry lost a case to remove the dreaded assignment of benefits, which secures the contractors rights to the proceeds during an insurance claim. This is a simplified explanation but you get the point. Decisions like this do not come in a vacuum so there are now consequences. If you participate in most vendor programs you are not allowed to use this clause in your contract."