House Bill 909 and your restoration company
CLEARWATER BEACH, FL — The Experience Conference and Exposition has announced that they will hold a meeting of all Florida Restoration Companies at the Hilton Clearwater Beach April 20 at 3:00 p.m., according to a press release.
On April 20, there will be a meeting for all Florida restoration companies to review the proposed Bill so that we can assist you to mobilize against this legislation that can greatly affect your company, the release stated.
According to the release, the basic information from the bill is as follows:
- A bill was just filed in the Florida House of Representatives which would prohibit assignments of payments under homeowner's policies. This would be a major blow to the industry and completely give all of the power back to the insurance companies. Please reference Florida House Bill HB 909 (2013).
- Any homeowner's insurance policy may prohibit the assignment of rights or benefits under the policy, and a third party beneficiary any not accept an assignment or recover against any policy that prohibits assignment. Any assignment of rights or benefits under a homeowner's insurance policy that prohibits assignment renders the coverage void.
If you have questions you are encouraged to contact: Larry Cooper, executive director of ICRA, by e-mailing [email protected], or by calling (888) 881-1001 x11, the release noted.
Click here to read the release in its entirety.
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February 21, 2023