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Subrogation - Wikipedia In English law the term 'subrogation' denotes a process by which one party is deemed to have been substituted for another, so that he can acquire and enforce the other's rights against a third party for his own benefit
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
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 | 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
Insurance Subrogation 101: What is a Subrogation Claim? Subrogation is not a well-known legal realm; many people outside of the insurance industry may never have even encountered the word “subrogation” But subrogation actually plays an integral role not just within the insurance industry, but in everyday life
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
Rights of subrogation: Overview, definition, and example Rights of subrogation refer to the legal ability of one party—usually an insurer, lender, or guarantor—to step into the shoes of another party to recover losses from a third party responsible for the damages
subrogation - Meaning in law and legal documents, Examples and FAQs . . . Subrogation is a legal term that means one party takes over the rights of another party to claim money or benefits For example, if your insurance company pays for your car damage after an accident, they can step into your shoes and pursue the person who caused the accident to recover their costs