Once a loss is paid to the insured, __________ gives the insurer the right to pursue a legal claim against the party who caused the loss to the insured.

Question

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Subrogation is the process by which an insurance company, after paying a loss to the insured, acquires the insured's right to pursue any claim against a third party responsible for the loss. This allows the insurer to recover the amount paid to the insured from the party that caused the loss.

Once a Loss Is Paid to the Insured, __________ Gives