An insurance company's right to subrogation refers to their right to refuse to pay where the insured is responsible for his own loss.
SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question.

Question

Quizplus · Accepted Answer

The statement is incorrect. A company's right to subrogation allows them to recover the amount they paid for a claim from a third party who is fully or partially responsible for the loss. The insurance company still pays for the insured's loss but has the right to be reimbursed from a liable third party.

An Insurance Company's Right to Subrogation Refers to Their Right