How House Bill 909 could affect insurance
WINTER PARK, FL — Every restoration company has an interest in seeking the defeat of the proposed House bill 909 (2013), that may give all of the power back to the insurance company, according to a press release.
The bill, which was just filed in the Florida House, would prohibit assignments under homeowner's policies, the release stated.
According to the release, this would be a major blow to the industry and completely give all of the power back to the insurance companies.
"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," said House Bill HB 909 (2013).
Click here to read the release in its entirety.