Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB
Levelset
APRIL 15, 2022
They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. An assignment of benefits , or AOB, is an agreement to transfer insurance claim rights to a third party. The AOB agreements need to be in writing. Setting up an AOB. Klark Brown.
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