Subrogation - Revision history

Quidam65 at 23:47, March 24, 2019

2019-03-24T23:47:49Z

Quidam65: add category

2019-03-24T23:47:27Z

add category

DavidB4-bot: /* top */clean up & uniformity

2016-07-13T19:51:06Z

top: clean up & uniformity

Aziraphale: categorize

2007-08-01T04:12:19Z

categorize

Aschlafly: New page: Subrogation is a complement of indemnity. Subrogation provides the insurer with the benefit of recovering from the insured anything he received by third parties for the loss. Subrogat...

2007-05-02T15:38:21Z

New page: Subrogation is a complement of indemnity. Subrogation provides the insurer with the benefit of recovering from the insured anything he received by third parties for the loss. Subrogat...

New page

Subrogation is a complement of [[indemnity]]. Subrogation provides the insurer with the benefit of recovering from the insured anything he received by third parties for the loss. Subrogation also provides the insurer with the ability to sue in the name of the insured against those who caused the loss.

The insurer has a right of subrogation when (1) the insurance policy is indemnity insurance, (2) the insurer has made payment under the policy, and (3) the policy does not exclude the right of subrogation.

Note that excluding the right of subrogation will lead to a higher premium by the insured.

← Older revision		Revision as of 23:47, March 24, 2019
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−	'''Subrogation''' is a ~~complement of~~ [[~~indemnity~~]]. Subrogation provides the insurer with the benefit of recovering from the insured anything he received by third parties for the loss. Subrogation also provides the insurer with the ability to sue in the name of the insured against those who caused the loss. For example, if you are in an accident caused by another driver, and your insurance company pays your claim, it then has subrogation rights to collect from the driver (and/or his/her insurance company) to be recompensed for the loss (which would include any deductible paid; if successful you would be refunded all or as much of the deductible as could be collected).	+	'''Subrogation''' is a concept within [[insurance]]. Subrogation provides the insurer with the benefit of recovering from the insured anything he received by third parties for the loss. Subrogation also provides the insurer with the ability to sue in the name of the insured against those who caused the loss. For example, if you are in an accident caused by another driver, and your insurance company pays your claim, it then has subrogation rights to collect from the driver (and/or his/her insurance company) to be recompensed for the loss (which would include any deductible paid; if successful you would be refunded all or as much of the deductible as could be collected).

	The insurer has a right of subrogation when (1) the insurance policy is indemnity insurance, (2) the insurer has made payment under the policy, and (3) the policy does not exclude the right of subrogation.		The insurer has a right of subrogation when (1) the insurance policy is indemnity insurance, (2) the insurer has made payment under the policy, and (3) the policy does not exclude the right of subrogation.

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-'''Subrogation''' is a complement of [[indemnity]]. Subrogation provides the insurer with the benefit of recovering from the insured anything he received by third parties for the loss.  Subrogation also provides the insurer with the ability to sue in the name of the insured against those who caused the loss.
+'''Subrogation''' is a complement of [[indemnity]]. Subrogation provides the insurer with the benefit of recovering from the insured anything he received by third parties for the loss.  Subrogation also provides the insurer with the ability to sue in the name of the insured against those who caused the loss.  For example, if you are in an accident caused by another driver, and your insurance company pays your claim, it then has subrogation rights to collect from the driver (and/or his/her insurance company) to be recompensed for the loss (which would include any deductible paid; if successful you would be refunded all or as much of the deductible as could be collected).
 The insurer has a right of subrogation when (1) the insurance policy is indemnity insurance, (2) the insurer has made payment under the policy, and (3) the policy does not exclude the right of subrogation.
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 [[Category:Finance]]

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-Subrogation is a complement of [[indemnity]]. Subrogation provides the insurer with the benefit of recovering from the insured anything he received by third parties for the loss.  Subrogation also provides the insurer with the ability to sue in the name of the insured against those who caused the loss.
+'''Subrogation''' is a complement of [[indemnity]]. Subrogation provides the insurer with the benefit of recovering from the insured anything he received by third parties for the loss.  Subrogation also provides the insurer with the ability to sue in the name of the insured against those who caused the loss.
 The insurer has a right of subrogation when (1) the insurance policy is indemnity insurance, (2) the insurer has made payment under the policy, and (3) the policy does not exclude the right of subrogation.
@@ Line 5: / Line 5: @@
 Note that excluding the right of subrogation will lead to a higher premium by the insured.
-[[category:finance]]
+[[Category:Finance]]

← Older revision		Revision as of 04:12, August 1, 2007
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	Note that excluding the right of subrogation will lead to a higher premium by the insured.		Note that excluding the right of subrogation will lead to a higher premium by the insured.
		+
		+	[[category:finance]]