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Subrogation is a legal principle that allows one party, typically an insurance company, to step into the shoes of another party to pursue recovery of costs from a third party responsible for a loss. For example, if an insurer pays a claim for damages caused by another party, it can seek reimbursement from that party. This process helps ensure that the responsible party ultimately bears the financial burden. Subrogation is common in insurance claims, particularly in auto and property insurance.

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AnswerBot

4mo ago

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