subrogation Definition
the act of one party taking over the rights and claims of another party for reimbursement or compensation, especially in the context of insurance claims.
Using subrogation: Examples
Take a moment to familiarize yourself with how "subrogation" can be used in various situations through the following examples!
Example
The insurance company has the right of subrogation to recover the amount paid to the insured.
Example
Subrogation is a common practice in insurance law.
Example
The subrogation process can be complex and time-consuming.
subrogation Synonyms and Antonyms
Synonyms for subrogation
Phrases with subrogation
equitable subrogation
a legal principle that allows a party who pays off an obligation of another party to take over the rights and claims of the original creditor
Example
The doctrine of equitable subrogation allows a lender to step into the shoes of a prior lienholder.
a contractual agreement between parties that allows one party to take over the rights and claims of another party for reimbursement or compensation
Example
Conventional subrogation occurs when an insurer pays a claim and then seeks reimbursement from a third party.
a clause in a contract that waives the right of subrogation by an insurance company or other party
Example
The lease agreement included a subrogation waiver that prevented the landlord's insurance company from seeking reimbursement from the tenant.
Origins of subrogation
from Latin 'subrogare', meaning 'to substitute'
Summary: subrogation in Brief
'Subrogation' [səˌroʊˈɡeɪʃən] refers to the act of one party taking over the rights and claims of another party for reimbursement or compensation, particularly in the context of insurance claims. It is a common practice in insurance law, and can be complex and time-consuming. The term encompasses phrases like 'equitable subrogation,' which allows a party to take over the rights and claims of the original creditor, and 'subrogation waiver,' which waives the right of subrogation by an insurance company or other party.
