2024年7月16日 · Subrogation is a term describing a legal right held by most insurance carriers to legally pursue a third party that caused an insurance loss to the insured.

2015年10月27日 · Subrogation refers to substitution of one person into another’s place in regards to a legal right, demand, or other lawful claim. The individual who takes another’s place by subrogation incurs the rights of the original party in the matter.

Subrogation is the assumption by a third party (such as a second creditor or an insurance company) of another party's legal right to collect debts or damages. [1] It is a legal doctrine whereby one person is entitled to enforce the subsisting or revived rights of …

Subrogation is the process where one party assumes the legal rights of another, typically by substituting one creditor for another. Subrogation can also occur when one party takes over another's right to sue.

The meaning of SUBROGATION is the act of subrogating; specifically : the assumption by a third party (such as a second creditor or an insurance company) of another's legal right to collect a debt or damages. How to use subrogation in a sentence.

Subrogation occurs when your insurance company pays for an accident, then works to recoup expenses from the at-fault driver's insurer.

2022年11月15日 · Subrogation gives insurance companies the right to seek compensation from the insurer of someone who is at fault for an accident.

2024年3月1日 · Subrogation is a legal doctrine that enables an insurance company to step into the shoes of its insured party after settling a claim. Read to learn more.

2023年9月7日 · Subrogation is a vital aspect of insurance that prevents double recovery, ensures the at-fault party bears the cost of a loss, and allows insurers to recoup payouts. There are several types of subrogation, each with its unique characteristics.

The rules on subrogation mean that, once an insurer has paid out under an indemnity insurance contract, the insurer can "step into the shoes" of the insured and acquire the rights to: Use the insured's name to proceed against any third party who was responsible for causing the loss.