It is a legal right held by most insurance carriers to pursue the party that caused the insurance loss.
Subrogation refers to the act of one person or party standing in the place of another person or party. Subrogation in the insurance world occurs when the insurance carrier makes a payment on behalf of its insured as the result of a covered accident or injury; or when the insurer then seeks repayment from the at?fault party. This video reviews examples of subrogation in the construction context.
Runtime: 8 minutes
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