Subrogation

Subrogation definition

/ˌsʌbrəˈɡeɪʃ(ə)n/

What does Subrogation mean?

Subrogation is an insurers’ common law right, once it has paid its insured for loss covered by an insurance policy, to ‘step into the shoes’ of the insured and to exercise any rights or remedies which the insured has against the person who caused the insured to suffer that loss.

Variances

Subrogation insurance

Related documents:

Glossary terms:

Jump to letter down arrow icon
#
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z

Related documents:

Glossary terms:

Jump to letter down arrow icon
#
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z

Popular documents