An Assignment of Benefits (AOB) agreement allows policyholders to transfer their insurance claim rights to a third party, such as a contractor. This contract enables the contractor to handle the claims process directly with the insurance company, ensuring faster repairs and less hassle for the policyholder. To make sure the assignee can correspond with the insurance carrier, they may also want to use the Notice of Privacy Waiver form.
With this form, policyholders can authorize a contractor to manage and expedite the property restoration, making the claims process smoother and more efficient. This agreement helps level the playing field between policyholders and insurance companies, ensuring that the property is restored promptly and thoroughly.
