August 18, 2018

Subrogation Release

A subrogation release by the insured specifies that the insurer is entitled to the right the insured has to collect from any person or entity deemed responsible for a specific loss.

The release effectively reimburses the insurance company for any expenses paid in a settlement prior to a subrogation claim or settlement.  Additional in assures that the client is not able to double dip or collect twice from the same incident.

 

Related Terms and Phrases                           

• Subrogation
• Subrogation Claim
• Subrogation Clause
• Subrogation Manager
• Waive the right to Subrogation