Greg Raab, Brian Goodman, and Rachele Drinkwine discuss the legislative efforts supported by the National Association of Public Insurance Adjusters (NAPIA) regarding the Unauthorized Practice of Public Adjusting (UPPA), issues surrounding Assignment of Benefits post-disaster, and ways listeners can help achieve future legislative goals.
UPPA is when a person who is not a licensed public adjuster, practices public adjusting unlawfully. This has caused negative effects for both insurance companies and policyholders alike. In a post-disaster environment, a policyholder may file a property damage insurance claim and choose to hire a public adjuster. An UPPA offender would prey on these individuals and coerce them into helping to settle their claim, while not actually being licensed to do so.
Assignment of Benefits "is an agreement that, once signed, transfers the insurance claims rights or benefits of the policy to a third party. An AOB gives the third party authority to file a claim, make repair decisions and collect insurance payments without the involvement of the homeowner.1"
Post-disaster unlicensed individuals such as contractors have been reported using these two tactics to prey on affected home and business owners during a very vulnerable time. Our experts discuss how they are pushing legislation to prevent policyholders from being taken advantage of in future disasters.
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