Assignment of Benefits in Property Insurance Claims

At MoMo Law, our Assignment of Benefits attorneys have been protecting the rights of our residents and others throughout the state for more than four combined decades.

Our Assignment of Benefits lawyers focuses on representing those who are struggling with homeowner’s insurance claims and are considering making the decision to assign the collection of those claims to contractors amid distressed times when repairs must be made to their homes quickly. Assignment of Benefits contracts may seem straightforward when you need immediate repairs, but the complexity lies in your insurance coverage itself, and our lawyers can help you separate the allure of these contracts versus the reality of your responsibilities after signing the legally binding agreement.

What is An Assignment of Benefits?

An Assignment of Benefits contract is a document signed by the policyholder — the property owner — that allows a third party to seek direct payment from the insurance company for services rendered in the policy owner’s stead.

Assignment of Benefits, or AOB, is a popular resource for homeowners and other property owners who suffer damages from storms, water damage, or structural damage and need immediate repairs, but do not want to shoulder the costs of the renovations while their insurance policies lag in covering the overall expenses.

By signing the AOB, the property owner gives the roofer, plumber, or another third-party contractor the ability to bill the insurance company directly for the repairs, theoretically taking the policyholder out of the equation.

Why Would I Need A Lawyer Before Signing A Contract?

At MoMo Law, our Assignment of Benefits attorneys understand that immediate repairs to your home may be more than a want, but an actual need. Broken pipes, water damage, or even fires can disrupt your family’s quality of life in many ways, and when you cannot wait for the insurance company to pay before contracting the repairs, stress will begin to take over.

Consulting with an attorney before signing an Assignment of Benefits contract is imperative because insurance companies are balking at repayment, and the contractors who hold the benefits from your contract may stop work on your home immediately until the outstanding costs are paid.

Worse, you could become personally responsible for the total costs of the repairs if the insurance company denies the claim altogether, due to a technicality in your policy’s verbiage or coverage agreement.

Are Insurance Companies Legally Allowed To Deny Claims?

In December 2018, the Florida Supreme Court accepted the review of a case presenting the question as to whether the Assignment of Benefits restrictions should be permitted in homeowner’s policies.

In short, the case under review claims that the insurance policy in question states that “all” insureds, all additional insureds, and all mortgagee(s) named in the policy must sign the Assignment of Benefits before it can be enforced.

In this case, the wife was the only person who signed the AOB. The husband, whose name is also on the policy and the mortgage, did not sign the contract, making it void — according to the insurance company.

The result of this lengthy argument will likely change the way AOB are handled going forward, which further requires an attorney’s representation before any contract is signed.

You do not want to be held personally responsible for costly repairs simply due to the confusing verbiage in your insurance policy. Contact MoMo Law Assignment of Benefits lawyers by calling (512) 640-5138 before you sign any contract that may hold you liable for the expenses.

What If I Have Already Signed A Contract?

Our Assignment of Benefits Attorney understands that some repairs simply cannot wait and that an AOB contract may have been your only option in getting your home back in working order.

If you have already signed the contract, the control of the rights and benefits provided by your policy in resolving the claim may belong to the third-party contractor.

Contact our AOB law firm today and allow us to review the contract while supplying the legal representation you need to ensure the agreement is being fulfilled.

Keep in mind, that the breakdown in AOB contracts typically begins with the insurance policyholder, as most insurance companies are not in a hurry to pay a claim. What’s more, is that insurance companies are claiming that third-party contractors are taking advantage of their position as the collector, and are often unwilling to pay the full amount required for your repairs.

It is important to understand your rights during these circumstances, and our Assignment of Benefits lawyers in can help protect you before and after a contract is signed.

Contact Our Skilled Assignment of Benefits Lawyers Today For A Free Consultation

At MoMo Law, P.A., our boutique law firm has more than 25 years of experience representing policyholders as our Assignment of Benefits lawyers work tirelessly to protect your rights against large insurers and third-party contractors. If you have questions regarding your insurance policy and how signing a contract will affect you, call our skilled lawyer today at (512) 640-5138 to schedule a free consultation to ensure your rights are protected. MoMo Law is an insurance law firm. Our attorneys offer free consultation in a safe, trusting, comfortable environment. Call our law firm now to learn how our Assignment of Benefits claim attorney can help you confront the insurance company for the financial recovery you deserve.

Bad Faith Insurance Claims in Texas

Insurance coverage is a necessary part of life no matter what type of property you own, and our bad-faith insurance claims attorneys have spent more than 25 years protecting our community from insurance companies who are rejecting or delaying payments for coverage that are listed in our clients’ policies.

The contract you sign with your insurance company is legally binding, and when the coverage you believe is in place is rebuffed by your carrier, your home, or boat repairs can be placed on hold, putting you in a difficult financial position. At MoMo Law, our bad faith insurance lawyers have been resolving insurance matters for our clients for over two decades, seeking the full compensation they deserve by forcing the insurance company to meet the requirements that their policies demand.

How Do I Know What Is Actually Covered In My Insurance Policy?

It is important to understand that your insurance coverage, and the contract you signed, require compliance from both sides of the agreement.

Your insurance premiums must be paid on time, and in full, for the coverage to remain in effect. As long as you comply with your insurance coverage requirements, the insurance company is contracted to provide the coverage you agreed to in the legally binding contract.

Admittedly, the contract you sign can be confusing, as the verbiage can include exceptions and financial constraints that are less than straightforward. Oftentimes, this is deliberate. It is no secret that insurance companies will do everything in their power to avoid paying claims quickly and in full, and that simply is not fair to our community.

If you believe your insurance company is denying a claim they should cover, contact MoMo Law today at (512) 640-5138 to understand how our bad faith insurance claims lawyers can help you hold them accountable for the full coverage listed in your agreement.

What Types Of Bad Faith Insurance Claims Clients Does MoMo Law P.A. Represent?

Our bad-faith insurance claims lawyers want to help you and your family get the most out of your policy, even when the insurance company is fighting the terms of your agreement.

No matter which type of coverage you have, if your insurance company has denied or delayed your claim for reasons that seem unfair, we want to help you hold them accountable.

Our bad-faith insurance law firm will fight for policyholders, including those with

• Aviation insurance
• Boat Insurance
• Commercial liability insurance
• Health insurance
• Homeowner’s Insurance
• Life insurance

If your claim was wrongfully denied by your insurance company, our bad-faith insurance attorneys want to help you pursue the financial recovery you deserve by holding the insurer accountable for the coverage you have paid for.

How Do I Know When My Insurance Company Is Wrongfully Denying My Claim?

Bad faith insurance claims are often overlooked because, to put it simply, most policyholders expect their insurance companies to put up a fight after their claim is submitted. Insurance companies have a long history of complicating coverage to make sure they come out on top.

Bad faith insurance practices can be easily recognized when any of the following occurs after you file an insurance claim and it is:

• Denied outright without a valid explanation
• Not investigated properly, in a timely manner, or is outright refused
• Intentionally misrepresented in the terms of your coverage
• Prolonged unnecessarily before reaching a settlement
• Knowingly offered at less than what your policy covers

The truth is, that insurance company representatives are trained to undervalue claims or to outright deny them immediately, causing the policyholder to counter their rejection or delay until they receive some of the compensation they deserve.

At MoMo Law, partial compensation is not good enough for our clients. If your insurance company is not fulfilling its obligation to pay for the damages to your home, boat, or other insurance coverage policy, you may have a bad faith insurance claim that can be pursued by our accomplished Bad Faith Insurance law firm.

How Does MoMo Law P.A. Differ From Other Bad Faith Insurance Attorneys?

Our bad faith insurance claims attorneys know that you work hard to pay your insurance premiums and that the reason you are careful to maintain the proper coverage on your person, family, and property is that you may actually need the financial support it offers one day.

When that day comes, and the insurance company does not uphold the obligations outlined in your insurance coverage, they are doing more than putting you in a difficult financial position, they are disrupting your overall quality of life.

At MoMo Law, our bad-faith insurance lawyers will aggressively pursue the insurance company on your behalf for the fair and timely compensation you deserve.

As a policyholder, you are entitled to file a legal claim against the insurance company for the damages that should have been paid and additional damages that resulted from their bad-faith approach to handling your claim. Our experienced Bad Faith Insurance Claims Lawyer will help you get the results you deserve quickly and effectively.

Has Your Insurance Company Denied Your Claim? Contact Our Bad Faith Insurance Lawyers Today To Schedule A Free Consultation

At MoMo Law, P.A., our bad faith insurance attorneys have the experience necessary to leverage the insurance companies to provide the compensation our clients deserve without delay. And if we do not recover the settlement or jury verdict you deserve, you will not be charged a fee for our services.

Our boutique law firm provides the personalized legal representation our clients need to find success after their insurance claim has been delayed or denied, and we can do the same for you by scheduling a free consultation with our Bad Faith Insurance Claims firm today by calling (512) 640-5138 to learn how we can protect your rights and pursue the compensation you deserve. MoMo Law is a Bad Faith Insurance law firm. Our Bad Faith Insurance attorneys in offer free consultation in a safe, trusting, comfortable environment. Call our law firm now to learn how our Bad Faith Insurance claim attorney can help you confront the insurance company for the financial recovery you deserve.

Aircraft Insurance Claims

At MoMo Law, our aircraft insurance claims attorneys protect our clients from insurance companies that delay, deny, or partially pay the financial recovery they are entitled to from their coverage agreement.

Aircraft insurance claims can include coverage for private jets, but also helicopters, hot air balloons, and other aerial vehicles that are used for personal or business transport and require financial protection for their occupants and physical composition at all times. Damage to these vehicles can be expensive, and if someone is hurt during its operation, their recovery needs can devastate your financial integrity.

If you need to file an aircraft claim with your insurance company, it is important to seek legal help to ensure your carrier takes the claim seriously and does not reject it upon receipt. Our aircraft insurance claims lawyers have more than 25 years of experience in creating unique solutions for our clients, so they are able to pursue the financial recovery they deserve after an accident.

What Are The Main Types Of Aircraft Insurance Claims?

The majority of aircraft insurance carriers design policies that respond to two types of claims:

• Physical damage that occurs to the insured aircraft
• Legal liability that results from damaging another person or their property

The details of what aircraft insurance covers will vary from policy to policy, and is based on the type of aircraft, how it is being used, and the financial underwriting verbiage that is outlined therein. When damage occurs to your aircraft from a hard landing, or if someone is hurt during flight, the policy can be pursued for both physical damage and the liability claim if it is written accordingly.

The details of your aircraft insurance policy are unique, so before submitting a claim, contact our aircraft insurance claims attorney at MoMo Law at (512) 640-5138 to understand specifically what is and is not covered before submitting a claim to the insurance company. Our law office provides free consultations and may take your case on a contingency basis, so you do not have to pay for our legal services if we do not solidify financial recovery on your behalf first.

What Are The Most Common Causes Of Aircraft Claims?

Physical damage to an aircraft can occur in many ways, which is why insurance coverage is so important.

Some of the most common types of physical damage to an aircraft can result from:

• Aircraft defects, including engine or parts failures
• Birds or wildlife encounters
• Collisions with hangars, buildings, or support vehicles
• Communication issues with air traffic control or grounds crews
• Gear-up landings
• Hard landings
• Taxiing incidents
• Wind, lightning, or hail storms

The legal liability portion of the insurance policy is equally important if someone is hurt onboard the plane, or if their property is damaged in any of the aforementioned occurrences.

When someone is hurt while onboard an aircraft or is injured on the ground by the aircraft, they are entitled to financial recovery, which can put the aircraft owner in a significantly difficult financial position.

Personal injury victims can require financial recovery for:

• Medical treatment costs
• Lost wages
• Lost earning capacity
• Pain and suffering

Because each aircraft incident is unique, it is important to understand the provisions of your insurance policy and what the process is for getting the insurance provider to protect your interests.

At MoMo Law, our aircraft insurance claims lawyers will review your policy, the damage to your plane, helicopter, or aerial vehicle, and any personal injuries that occurred to ensure your policy covers the damages you are seeking.

With our aircraft insurance claims attorneys’ help, you can pursue a claim that is fully developed, leaving little room for the insurance company to deny, underpay, or delay the claim. With our accomplished aircraft claims lawyers by your side, you can face the insurance company with confidence.

What If The Insurance Company Already Denied My Aircraft Claim?

Insurance companies often deny aircraft claims immediately, which creates more work for the policyholder. They know that the more work you have to do to appeal the denial, the less likely you are to seek the best outcome available for your case.

If you have already had your aircraft insurance claim denied, Our Aircraft Insurance Claims lawyers can help you appeal to the insurance company to pursue the financial recovery you deserve. You do not have to take no for an answer after property damage or personal injury has occurred during your aircraft’s use simply because you received a denial letter from the insurance company.

Allow the aircraft insurance claims lawyers at MoMo Law to fight for your financial rights by calling (512) 640-5138 to schedule a free consultation to discuss your policy and overall financial recovery needs today. MoMo Law is an Aircraft Insurance law firm. Our Aircraft Insurance attorneys offer free consultation in a safe, trusting, comfortable environment. Call our law firm now to learn how our Aircraft Insurance claim attorneys can help you confront the insurance company for the financial recovery you deserve.