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Subrogation - Definition, Examples, Cases, Processes 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
What Is Subrogation In Insurance? – Forbes Advisor By using subrogation, the insurance company is seeking to recover the money it paid out on claims (and your deductible) for accidents that weren’t your fault
Subrogation | Definition, Principles, Types, Phases, and Roles Subrogation is a fundamental concept in insurance that allows an insurance company to step into the shoes of the insured after a loss and seek recovery from a third party that caused the damage
What Is Subrogation in Insurance and How Does It Work? Subrogation allows an insurer to step into the shoes of its policyholder to recover costs from a third party responsible for a loss This right is established through common law, contracts, and statutory provisions, depending on the insurance policy and jurisdiction
subrogation | Legal Information Institute 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
SUBROGATION Definition Meaning - Merriam-Webster 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