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What is an Assignment of Benefits?

Property damage can be costly and unexpected and often requires immediate attention. In some situations where homeowners cannot afford immediate payment to mitigation or remediation companies, these companies will accept an Assignment of Benefits ("AOB") in lieu of immediate payment.

An AOB is the process whereby a homeowner assigns their rights under their insurance company to the third party servicer. By assigning their rights, the servicer is essentially "stepping in the homeowner's shoes," and may act just as they would legally against the insurance company. The servicer may file a claim with the insurance company, make repair decisions, and collect payment directly from the insurer.

AOBs can be a great tool for homeowners by allowing quick mitigation, which may assist them to stay in compliance with their insurance policy and to quickly repair their property without waiting for the insurance company's claim process. Homeowners should be cautious when assigning their rights to the vendor accepting the AOB, as the AOB may file suit if they do not receive payment from the insurance company on the homeowner's behalf.

This article is not intended to be legal advice nor create an attorney-client relationship.

Client Reviews
"I was told by my insurance adjuster that Rina was a fabulous attorney who will fight hard for her clients and he was right. She did an outstanding job communicating with me throughout a stressful negotiation process and I was so happy with the settlement she got for me. Highly recommend the Law Offices of Rina Feld!” Mark L.
I had water damage to the inside of my home and homeowners insurance automatically rejected my claim. After giving up fighting them on my own i contacted Rina and she petsonally discussed options and explained the procedure. After about 4 months my claim was resolved , Rina worked pro bono so did not cost me a penny. I now have new ceilings ! Thoroughly recommended. Christopher D.
Rina is very efficient. She always kept me updated and worked very quickly. She took the time to explain everything thoroughly and made sure that I understood, although my primary language is Spanish. Mariel C.