What does Subrogation Release mean? Read on to discover the definition & meaning of the term Subrogation Release - to help you better understand the language used in insurance policies.
A subrogation release is a release that transfers to the insurer the right to sue and collect from a third party responsible for a loss to the insured. After an incident involving a third party at fault, an insurance company may ask or require the insured to sign a subrogation release so the former can seek legal action as a means to recuperate money spent on a claim.
We hope the you have a better understanding of the meaning of Subrogation Release.