What Is Subrogation?
Subrogation is a process most insurance carriers use to recover costs from the party responsible for an insurance loss. After a person files a claim and receives insurance coverage, the insurance company gains the legal right to seek repayment from the at-fault party. While it may seem like a legal technicality, subrogation is critical in ensuring that the burden of the accident doesn’t fall unfairly on your shoulders or your insurer’s. Understanding how this process works, who benefits, and when subrogation rights are applied can help you better navigate a claim involving medical bills,…