Sentences with phrase «what subrogation»

Do you know what subrogation against rensters insurance means in practical terms?

Understanding what subrogation is — and how insurance companies use it to recover costs — is important when you're trying to recover your deductible from an at - fault driver.

First, we have to understand what subrogation is on a renters insurance policy.

Not exact matches

That's where the tenant's liability coverage stands to make the owner whole, and also protect the insured resident from being sued by the landlord's insurance company to recoup what they paid out, in a process called subrogation.

When an insured makes a claim, they assign their right of recovery to the insurance company, allowing the health insurance company in this case to go after the responsible party (you) to recover what they paid on the claim, through a process called subrogation.

Subrogation is, in a nutshell, a fancy word for «suing the person who caused the loss to get back what was paid on the claim because they're responsible.»

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.

The issue here is whether Progressive can recover what was paid the the claimants through the exercise of its right of subrogation.

What is Subrogation?

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.

Pamela Pengelley, Raj Datt, and Dana Doidge discuss the current state of the Fort McMurray Wildfire and what can be done to preserve subrogation rights.

So what is subrogation?

That's where the tenant's liability coverage stands to make the owner whole, and also protect the insured resident from being sued by the landlord's insurance company to recoup what they paid out, in a process called subrogation.

If the subrogation is successful not only does it allow the insurance company to recover what was paid out, and thus keep premiums reasonable, but it can often allow the recovery of your deductible.

What the couple didn't know, however, was that the travel insurance company, like just about every insurance underwriter everywhere, included a subrogation clause and a first payer clause in its policy certificate, allowing the company to collect some of the claim money from the couple's extended health insurance provider — the insurer that pays for treatment not entirely covered under Canada's national health plan.

Subrogation is, in a nutshell, a fancy word for «suing the person who caused the loss to get back what was paid on the claim because they're responsible.»

I understand if you file a claim with your insurance company to get your car fixed or whatever, they have subrogation rights to sue the other person's insurance company to be reimbursed for what they paid you to get your car fixed.