Shelli: Hi. I’m Shelli and this is Andrea, the Office Manager at Anderson & Associates. We just want to give a quick update on AOB, which is assignment of benefits. We’re getting a lot of phone calls about insurance rates going up and one of the things that I really want to stress to people is if it sounds too good to be true, it probably is.
We’ve had numerous people who have called in and asked about – they’ve had contractors that actually come knocking on their door and say, you know, “We just put a new roof on your neighbor’s house from the hurricane that came through two years ago and they got a new roof out of the whole deal and you don’t have to do anything. We will deal with your insurance company and everything.”
When you sign the paper to let them do that, you’re basically signing away your rights. That gives the company the right to work with the company on your behalf, which can really affect our industry on a whole.
Andrea: Yeah. So what we’re really seeing with the changes in our industry with this assignment of benefits is that roof guidelines are changing. Companies where they would insure shingle roof up to 15 years have now changed that to 10 years. So what could happen after 10 years is your roof can then become uninsurable.
On top of that, we’re seeing insurance rates climb. So if you have someone coming knocking on your door and saying, “Hey, we see some wind damage there,” reach out to your insurance agent. Ask them. How will this affect you? Is it legitimate? Call us. We’re happy to answer any of those questions for you.
Shelli: Thank you very much for trusting in Anderson & Associates.
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Anderson & Associates has been serving Manatee County residents with property insurance coverage since 1985. We offer homeowners (including mobile homes), car insurance, life, health, umbrella insurance policies. We’re a family-owned and operated insurance agency, and we treat you like family.
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Find Us: https://andersoninsgroup.com
Anderson & Associates Insurance Agency
810 8th Avenue West
Palmetto, Florida 34221
Phone: (941) 729-7494
