Quote:
Originally Posted by Sabella
Does anyone know when this law actually went into effect—- within the past eight months, TWO houses that I’m aware of, have gone through this insurance paying for roof scam?
|
Found this online:
(highlights are mine)
Effective Removal of Assignment of Benefits Under Property Insurance Claims
SB-2A also significantly changes assignments in Florida as an assignment agreement must be executed under a residential or commercial property insurance policy on or after July 1, 2019, and before Jan. 1.
Effectively, an insured will not be able to assign any rights under a residential or commercial property policy beginning in 2023.
Any attempt by an insured to assign post-loss property insurance benefits under a policy after Jan.1 will be void, invalid, and unenforceable. However, this prohibition of assigning post-loss insurance benefits may not apply to surplus lines insurers. It does not specifically state that it applies to a surplus lines insurer.
Now I have no idea what a "surplus lines insurer" is....
__________________
Pennsylvania, for 60+ years, most recently, Allentown, now TV.