What Is Subrogation?

 What Is Subrogation?

Subrogation is a term describing a right held by most insurance carriers to legally pursue a third party that caused an insurance loss to the insured. This is done in order to recover the amount of the claim paid by the insurance carrier to the insured for the loss.

in wiki : 

sub·ro·ga·tion

[ˌsʌbrəˈɡeɪʃ(ə)n]

NOUN

law

1. the substitution of one person or group by another in respect of a debt or insurance claim, accompanied by the transfer of any associated rights and duties.

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