Subrogation - Meaning, How Long, How To Deal With It, and More

Subrogation – Meaning, How Long, How To Deal With It, and More

Subrogation helps carriers reclaim compensation that is owed after a loss that may otherwise never be recouped. For example, subrogation in insurance can involve seeking compensation after an uninsured driver doesn’t help restore damage to your vehicle. There are waivers of subrogation that can give up a carrier’s right to pursue such legal matters as well. Furthermore, because legal issues can be a headache, drivers and homeowners need to understand their resources when facing this process.

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