Sentences with phrase «subrogation means»
Subrogation means that as assignee of that right your renters insurance company can, may, and often will bring such an action.
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The resolution of this dispute depends on the meaning of the word «subrogation» in the insurance policy.
The Subrogation Agreement is largely meant to guard against an injured party from «double - collecting» for benefits received for his accident related injuries from more than one insurance company.
But, your car insurance would have a right to subrogation which means a right to sue the person who is legally liable for what the insurance company paid, even if it does cover the law.
That means they'll sue you if you're the responsible party, in a process called subrogation, to recover the money they paid out for the building.
Subrogation - shall mean the right of the insurer to assume the rights of the insured person to recover expenses paid out under the policy that may be recovered from any other source.
Do you know what subrogation against rensters insurance means in practical terms?