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ASSIGNMENT OF BENEFITS

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  ASSIGNMENT OF BENEFITS             Assignment of Benefits is a commonly used tool by water, fire/smoke restoration and resolution contractors.   Assignments of Benefits is typically a written contract proposal form for the restoration contractor and has become the standard method for guaranteeing payment by the homeowner’s insurance carrier.             A ssignment of post-loss benefits have been recognized in Florida since 1917, as set forth in the Florida Supreme Court’s decision in  West Florida Grocery Co. v. Teutonia Fire Ins. Co. , 77 So. 209 (Fla. 1917).                   Florida’s Second District Court of Appeal recently upheld the ability of a policyholder insured to make multiple assignments under a homeowner’s insurance policy.   Nicon Construction v. Homeowners Choice Property and Casualty Insurance Company cite involved a policyholder’s issuing assignments of benefits to separate restoration and reconstruction vendors.  The insurer argued that upon the policy