Sentences with phrase «subrogation gives the insurance company»

Subrogation With any number of types of insurance policies, subrogation gives the insurance company the right to chase after a third party for repayment if they are at fault.

Not exact matches

While you may not have noticed, it is likely that your health insurance company included subrogation (i.e., reimbursement) language in your health insurance contract which gives them the right to be reimbursed if you are injured by a third party (i.e., the person who caused the accident).

Any insurance company who pays an insurance claim caused by the tortious fault of another (e.g. Samsing, if its product was defective in a manner sufficient to give rise to legal liability) has a right to sue the party at fault for the loss the insurance company suffered in what is called a subrogation lawsuit.