What does Subrogation Clause mean? Read on to discover the definition & meaning of the term Subrogation Clause - to help you better understand the language used in insurance policies.
A subrogation clause is a common clause in insurance policies that states that the insured gives their insurance company the right to sue a third party for insured losses on their behalf. This way, the insurance company a means to recover the claim paid to the insured for the loss. Generally, the process all happens behind the scenes without your involvement.
We hope the you have a better understanding of the meaning of Subrogation Clause.