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What is subrogation?
The English term 'subrogation' means (law) the act of substituting of one creditor for another
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What are the rights of subrogation?
subrogation n. assuming the legal rights of a person for whom expenses or a debt has been paid. Typically, an insurance company which pays its insured client for injuries and losses then sues the...
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What is Letter of subrogation?
It is a legal document through which one relinquishes his / her right in any said property in favour of someone else.
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What is the principle of subrogation?
Company A holds your primary insurance coverage and A is involved in a claim situation with B--whether an individual or company. Company A can pay for the claim or its responsible portion of the...