Subrogation-Management-Program

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THE BENEFITS OF SUBROGATION IN CAR INSURANCE If you an automobile owner, you would already be aware of the importance of car insurance. The car insurance covers for expenses of car damage or injuries to the drivers or other persons in the event of a car accident. Having a car insurance or at least motorist liability is legally required in all states, and it is governed by state laws. Even if you are an insured driver, you may not be aware of the concept of subrogation and its importance. Almost all insurance companies have Subrogation Management departments through which they claim reimbursements from the party at fault in the case of an accident or injury.
WHAT IS SUBROGATION: Subrogation is a concept in insurance in which the insurance company assumes the legal rights of ‘insured person’ to make claims against the individual or part at fault in the events of an accident or injury. It is when the insurance company puts itself in your shoes to sue the other party for damage claims. To make things simple, let’s look at this example. You are driving on the highway following the speed limit, a car driven by an intoxicated driver above the speed limit hits you from the back. You sustain some physical injuries, and your car is ruined. You make claims for damage recovery to your insurance company. The insurance company would ask you questions about when and how and would get to know that the accident happened because of someone else’s fault. So, they will engage their Subrogation Services to sue the party at fault. The insurance company will pay you the damages and will ask the party at fault for reimbursement.
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Subrogation-Management-Program

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