Subrogation
The legal process by which an insurance company, after paying out a claim, seeks to recover the amount from a third party responsible for the loss. Subrogation can be relevant in fire cases involving negligence or product defects.
The legal process by which an insurance company, after paying out a claim, seeks to recover the amount from a third party responsible for the loss. Subrogation can be relevant in fire cases involving negligence or product defects.