Subrogation with regard to a fire claim is an extremely effective means of recovering loss expenses. Whether it involves workmanship, product liability, product design or failure to warn, many of the same steps have to be initiated, documented, and properly performed before recovery is possible. For the sake of clarification, let's establish a definitive definition:
Subrogate: to put in the place of another, especially to substitute (as a second creditor) for another with regard to a legal right or claim.
Most claims handlers know exactly how the subrogation process plays out in the wake of an insurance claim. What may be less clear is how to set up your subrogation effort for success by following the right processes and working with the right people.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
