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cekyophr5
Posted: Thu 9:28, 14 Nov 2013
Post subject: barbour online shop What is Subrogation
Source:
Subrogation is not limited to automobile insurance policies. Many [url=http://www.tagverts.com/barbour.php]barbour online shop[/url] of the cases that I handle are for Homeowners or other Property Insurance. The scenario might include a Landlord who owns a rental property, then suffers a loss because one of his Tenants negligently causes a fire. The Landlords Insurance policy will [url=http://www.lotogame.fr/hollisterfrance.php]hollister pas cher[/url] pay for the repairs to his building, then it will attempt to recover those funds from the Tenant (responsible party). Again, the insured (Landlord) would have the duty to assist the company with its Subrogation or Collection efforts.
Subrogation is a legal term where one party steps into the shoes of another party so [url=http://www.sandvikfw.net/shopuk.php]hollister sale[/url] as to have their rights against a third party (the responsible party). Subrogation most often arises in insurance matters.
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Another situation where Subrogation arises is where you suffer an injury as the result of anothers conduct. Your medical insurance carrier [url=http://www.batfriendtrust.it]scarpe hogan[/url] will pay for your medical bills/costs, and then may seek to recover those expenditures from the responsible party.
Article Tags: Insurance Company, Responsible Party
The common example is where you are involved in an automobile accident and the other driver is at fault. If the other driver does not have insurance, your insurance policy will pay for [url=http://www.tagverts.com/barbour.php]www.tagverts.com/barbour.php[/url] the [url=http://www.lotogame.fr/hollisterfrance.php]hollister france[/url] repairs to your vehicle, minus your applicable deductible. Your Insurance company will then try to recover the funds that it paid to you [url=http://www.jeremyparendt.com/Barbour-Paris.php]barbour france paris[/url] (or your repair shop) from the responsible party. This is called Subrogation. When the Insurance company pays out any monies on your behalf, they are in essence purchasing your rights to recover against the responsible party. Most often, they will first attempt to work things [url=http://www.thehygienerevolution.com/hollister.php]hollister france[/url] out with the responsible party, and if that fails, they will file [url=http://www.batfriendtrust.it]hogan outlet[/url] a lawsuit against that person.
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