What does Subrogation mean? Read on to discover the definition & meaning of the term Subrogation - to help you better understand the language used in insurance policies.
Subrogation is a process that assigns the right to sue for an incident to a third party not involved in the incident. The person who faced damages agrees to transfer this right over and gives up their right to sue the offending party. Without subrogation, the third party would not be able to file a lawsuit.
We hope the you have a better understanding of the meaning of Subrogation.