the substitution of one person or thing for another, esp the placing of a surety who has paid the debt in the place of the creditor, entitling him or her to payment from the original debtor
subrogation in American English
(ˌsʌbroʊˈgeɪʃən; ˌsʌbrəˈgeɪʃən)
noun
a subrogating; esp., the substitution of one creditor for another, along with a transference of the claims and rights of the old creditor
Word origin
ME subrogacioun < ML subrogatio < L subrogatus
subrogation in Insurance
(sʌbrəgeɪʃən)
noun
(Insurance: Claims)
Subrogation is the right of an insurer to recover any claim payments by taking any actions against third parties, in place of the insured.
A basic principle of property liability insurance contracts is the principle of subrogation, under which the insurer may be entitled to recovery from liable third parties.
The principle of subrogation was established to avoid people taking legal action against another party.
Subrogation is the right of an insurer to recover any claim payments by taking any actions againstthird parties, in place of the insured.