August 18, 2018

Waive the Right to Subrogation

or a Waiver of Subrogation is legal language found in contractual agreements between the insured and a third party.  This endorsement when appearing in an executed contract relinquishes the right for the insureds insurance company to subrogation against the third party.  There are many negative implications associated with signing a contract containing a subrogation waiver.

We strongly advise that you contact your insurance agent and your attorney prior to signing any contract requiring you to waive the right of subrogation.  The bottom-line is that waiving subrogation is the right of your insurance company, not yours.

 

 Understand the implications of waiving the right of subrogation.

 

Related Terms and Phrases                           

• Subrogation
• Subrogation Claim
• Subrogation Clause
• Subrogation Release