Which of the following statements best describes the doctrine of subrogation in insurance?

Question

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The doctrine of subrogation allows the insurer who pays a claim in full to step into the shoes of the insured and legally assert any rights that the insured may have against a third party responsible for the loss. This enables the insurer to recover its claim payment from the liable party and helps prevent the insured from receiving a double recovery.

Which of the Following Statements Best Describes the Doctrine of Subrogation