What is the principle of subrogation?

Answer Company A holds your primary insurance coverage and A is involved in a claim situation with B--whether an individual or company. Company A can pay for the claim or its responsible portion of the cl... Read More »

Top Q&A For: What is the principle of subrogation

What is insurance subrogation?

Insurance companies retain the right to pursue third parties for reimbursement of claims they have paid to and on behalf of their insureds. The right to recovery from third parties is known as sub... Read More »

What Is Insurance Waiver of Subrogation?

Subrogation is a transfer of the right to pursue recovery from a third party for damages. In insurance, this right is typically transferred from you to your insurance company by contractual languag... Read More »

What does the legal term subrogation mean?

Subrogation is a legal term referring to the right to transfer a claim or responsibility to a third person. For instance, if an insurance company pays a policy-holder for damage to, say, a house or... Read More »

What does subrogation mean in the auto insurance business?

When an insurance company pays a not-at-fault claim for their insured, their policy language may allow them to stand in the place of the insured and pursue recovery through a process known as subro... Read More »