Subrogation may exist as a contract term in the insurance policy and may allow the insurance company the right to collect from the insured if a claim is paid and the insured obtained payment from the __________ who caused the loss.

Question

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Subrogation allows an insurance company to collect from a third party that caused the loss after the insurer has paid the claim to the insured. This process helps the insurer recover the amount paid for the claim if the insured also receives payment from the party responsible for the damage.

Subrogation May Exist as a Contract Term in the Insurance