ASSIGNMENT OF BENEFITS
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....