OLYMPIA, Wash. — Washington state Insurance Commissioner Mike Kreidler urges homeowners to make sure they have all the necessary information before signing a post-claim assignment of benefits agreement.
An assignment of benefits (AOB) is a contract between a homeowner and a third party that transfers the insurance claim rights and/or benefits in an insurance policy to the third party. This allows the third party — typically a contractor, plumber, roofer or other construction professional — to file the claim, make decisions about home repairs and collect insurance payments…