Subrogation- What is it?
Feb. 5, 2020
Subrogation- What is it?
Subrogation- What is it? By Definition: Subrogation sub·ro·ga·tion noun LAW Def: the substitution of one person or group by another in respect of a debt or insurance claim, accompanied by the transfer of any associated rights and duties. So what does this mean? Well if you are involved in an accident and you have to make an insurance claim, “subrogation” refers to the process by which your insurance company collects money from the party at fault (or their insurance company) in order to recover funds you or your insurance company have already paid, including your deductible. Your insurance company will pay for your damages, minus your deductible. Don't worry — if the claim is settled and it's determined you weren't at fault for the accident, you'll get your deductible back. The involved insurance companies determine who's at fault. You may need an attorney to prove this. The More You Know!!! Avoid the hasle of dealing with the insurance companies and call Weber Law Firm (702) 538-5761 When you have been injured, you want to know and work directly with the attorney who handles your case. • Personal Attention • Personal Service • Personal Injury Call Weber Law Firm Today