Subrogation allows an insurance company to recover its loss from the person(s)responsible without having to pay the insurance proceeds to the insured.

Question

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Subrogation allows an insurance company to step into the shoes of the insured to recover the amount of a claim paid by the insurance company to the insured from the person(s) responsible for causing the loss. The insurance proceeds are paid to the insured first, and then the insurance company seeks reimbursement.

Subrogation Allows an Insurance Company to Recover Its Loss from the Person(s)responsible